Price for Chromium Oxides and Hydroxides in Pakistan - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Pakistan (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Pakistan (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Pakistan
- Exports of Chromium Oxides and Hydroxides in Pakistan
Price for Chromium Oxides and Hydroxides in Pakistan (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $3,485 per ton, surging by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 India ($9,204 per ton), while the price for Italy ($2,216 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Pakistan (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $851 per ton, with an increase of 32% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2015 an increase of 79% against the previous year. Over the period under review, the average export prices attained the maximum at $4,694 per ton in 2018; however, from 2019 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 Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +3.0% per year.
Imports of Chromium Oxides and Hydroxides in Pakistan
Chromium oxides and hydroxides imports into Pakistan shrank remarkably to 442 tons in 2022, which is down by -65.6% against the previous year's figure. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 91% against the previous year. As a result, imports attained the peak of 1.3K tons, and then plummeted in the following year.
In value terms, chromium oxides and hydroxides imports fell remarkably to $1.5M in 2022. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of $3.3M, and then declined rapidly in the following year.
| Import of Chromium Oxides and Hydroxides in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 607 | 676 | 2,092 | 1,028 | 19.2% |
| United States | 285 | 289 | 262 | 145 | -20.2% |
| India | 150 | 166 | 225 | 132 | -4.2% |
| China | 653 | 399 | 464 | 116 | -43.8% |
| Italy | 32.5 | 51.2 | 13.8 | 28.4 | -4.4% |
| United Arab Emirates | 61.3 | 49.2 | 49.8 | 21.5 | -29.5% |
| Russia | 229 | 135 | 97.4 | 19.4 | -56.1% |
| Others | 98.9 | 88.9 | 138 | 49.8 | -20.4% |
| Total | 2,117 | 1,853 | 3,342 | 1,540 | -10.1% |
Top Suppliers of Chromium Oxides and Hydroxides to Pakistan in 2022:
- Turkey (331.9 tons)
- United States (35.5 tons)
- China (25.7 tons)
- India (14.4 tons)
- Italy (12.8 tons)
- United Arab Emirates (7.9 tons)
- Russia (6.5 tons)
Exports of Chromium Oxides and Hydroxides in Pakistan
In 2022, overseas shipments of chromium oxides and hydroxideses decreased by -9.6% to 2.4 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of 2.7 tons, and then fell in the following year.
In value terms, chromium oxides and hydroxides exports skyrocketed to $2.1K in 2022. Over the period under review, exports showed a precipitous decline.
| Export of Chromium Oxides and Hydroxides in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.5 | 2.4 | 1.7 | 2.1 | -27.5% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 5.9 | 2.4 | 1.8 | 2.1 | -29.1% |
Top Export Markets for Chromium Oxides and Hydroxides from Pakistan in 2022:
- Australia (2.4 tons)
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