Price for Chromium Oxides and Hydroxides in Singapore - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Singapore (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Singapore (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Singapore
- Exports of Chromium Oxides and Hydroxides in Singapore
Price for Chromium Oxides and Hydroxides in Singapore (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $5,677 per ton in 2022, with an increase of 37% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained 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 Taiwan (Chinese) ($13,084 per ton), while the price for China ($3,424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Singapore (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $9,668 per ton, surging by 17% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium oxides and hydroxides export price increased by +116.1% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($21,831 per ton), while the average price for exports to Indonesia ($6,746 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Singapore
In 2022, chromium oxides and hydroxides imports into Singapore reduced rapidly to 168 tons, dropping by -20.3% on the previous year. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year.
In value terms, chromium oxides and hydroxides imports rose sharply to $954K in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 38%.
| Import of Chromium Oxides and Hydroxides in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 485 | 136 | 136 | 241 | -20.8% |
| United States | 31.7 | 63.0 | 87.8 | 217 | 89.9% |
| South Africa | 126 | 62.2 | 63.9 | 147 | 5.3% |
| India | 132 | 24.1 | 97.7 | 130 | -0.5% |
| Japan | 329 | 182 | 211 | 118 | -29.0% |
| Turkey | 201 | 99.8 | 98.6 | 67.4 | -30.5% |
| China | 24.7 | 39.9 | 167 | 29.2 | 5.7% |
| Others | 62.1 | 23.7 | 10.5 | 5.4 | -55.7% |
| Total | 1,392 | 631 | 873 | 954 | -11.8% |
Top Suppliers of Chromium Oxides and Hydroxides to Singapore in 2022:
- South Africa (38.8 tons)
- United States (31.9 tons)
- India (31.7 tons)
- Germany (26.4 tons)
- Turkey (18.0 tons)
- Japan (12.4 tons)
- China (8.5 tons)
Exports of Chromium Oxides and Hydroxides in Singapore
In 2022, approx. 40 tons of chromium oxides and hydroxideses were exported from Singapore; waning by -3% against the previous year. Over the period under review, exports recorded a abrupt slump.
In value terms, chromium oxides and hydroxides exports expanded rapidly to $383K in 2022. Overall, exports saw a abrupt decrease.
| Export of Chromium Oxides and Hydroxides in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 134 | 148 | 74.7 | 129 | -1.3% |
| Malaysia | 33.2 | 39.2 | 12.3 | 73.3 | 30.2% |
| Thailand | 166 | 146 | 41.3 | 66.2 | -26.4% |
| Indonesia | 111 | 33.3 | 83.8 | 47.2 | -24.8% |
| India | 9.0 | 36.6 | 34.2 | 39.4 | 63.6% |
| Australia | 0.2 | N/A | 0.3 | 19.0 | 356.3% |
| South Korea | 46.7 | N/A | 7.4 | N/A | -60.2% |
| Sri Lanka | N/A | N/A | 19.2 | N/A | 0% |
| Others | 38.4 | 39.1 | 65.9 | 9.0 | -38.3% |
| Total | 538 | 442 | 339 | 383 | -10.7% |
Top Export Markets for Chromium Oxides and Hydroxides from Singapore in 2022:
- Vietnam (15.1 tons)
- Malaysia (8.1 tons)
- Indonesia (7.0 tons)
- Thailand (6.0 tons)
- India (1.8 tons)
- Australia (1.5 tons)
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