Price for Chromium Oxides and Hydroxides in Malaysia - 2021
Contents:
- Price for Chromium Oxides and Hydroxides in Malaysia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Malaysia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Malaysia
- Exports of Chromium Oxides and Hydroxides in Malaysia
Price for Chromium Oxides and Hydroxides in Malaysia (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $3,797 per ton, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $4,187 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($5,777 per ton), while the price for Russia ($2,541 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Malaysia (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $3,241 per ton in 2022, reducing by -11.9% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum at $6,666 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to +15.5% per year.
Imports of Chromium Oxides and Hydroxides in Malaysia
In 2022, chromium oxides and hydroxides imports into Malaysia expanded to 645 tons, growing by 4.7% on 2021. Over the period under review, imports, however, saw a mild descent.
In value terms, chromium oxides and hydroxides imports stood at $2.5M in 2022. In general, imports, however, saw a perceptible decline.
| Import of Chromium Oxides and Hydroxides in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 720 | 629 | 373 | 504 | -11.2% |
| China | 285 | 216 | 352 | 329 | 4.9% |
| South Korea | 31.6 | 428 | 298 | 278 | 106.4% |
| Kazakhstan | 346 | 259 | 298 | 278 | -7.0% |
| United States | 320 | 208 | 246 | 228 | -10.7% |
| India | 48.6 | 213 | 229 | 214 | 63.9% |
| Turkey | 238 | 113 | 140 | 144 | -15.4% |
| Estonia | 211 | 94.3 | 92.3 | 116 | -18.1% |
| South Africa | 183 | 122 | 56.1 | 105 | -16.9% |
| Russia | 50.4 | 89.2 | 41.2 | 52.9 | 1.6% |
| Others | 385 | 215 | 191 | 201 | -19.5% |
| Total | 2,818 | 2,585 | 2,316 | 2,450 | -4.6% |
Top Suppliers of Chromium Oxides and Hydroxides to Malaysia in 2022:
- Kazakhstan (103.1 tons)
- Germany (87.2 tons)
- China (83.3 tons)
- South Korea (79.3 tons)
- India (70.5 tons)
- United States (63.3 tons)
- Turkey (44.3 tons)
- Estonia (42.4 tons)
- South Africa (31.2 tons)
- Russia (20.8 tons)
Exports of Chromium Oxides and Hydroxides in Malaysia
In 2022, chromium oxides and hydroxides exports from Malaysia stood at 25 tons, approximately equating the previous year's figure. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 761%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, chromium oxides and hydroxides exports contracted to $81K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 270%.
| Export of Chromium Oxides and Hydroxides in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 18.9 | 15.9 | 11.8 | 80.9 | 62.4% |
| Thailand | N/A | N/A | 17.7 | N/A | 0% |
| Germany | N/A | 2.1 | N/A | N/A | 0% |
| Tanzania | N/A | 52.0 | 60.0 | N/A | 15.4% |
| Others | N/A | N/A | 2.2 | N/A | 0% |
| Total | 18.9 | 69.9 | 91.8 | 80.9 | 62.4% |
Top Export Markets for Chromium Oxides and Hydroxides from Malaysia in 2022:
- Singapore (24.9 tons)
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