Price for Chromium Oxides and Hydroxides in South Africa - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in South Africa (FOB) - 2023
- Price for Chromium Oxides and Hydroxides in South Africa (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides in South Africa
- Imports of Chromium Oxides and Hydroxides in South Africa
Price for Chromium Oxides and Hydroxides in South Africa (FOB) - 2023
The average chromium oxides and hydroxides export price stood at $3,806 per ton in September 2023, picking up by 17% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 55% m-o-m. The export price peaked in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($6,961 per ton), while the average price for exports to Brazil ($2,633 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in South Africa (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $3,280 per ton, growing by 24% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The import price peaked at $4,126 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,679 per ton), while the price for Turkey ($2,348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Chromium Oxides and Hydroxides in South Africa
In 2022, the amount of chromium oxides and hydroxideses exported from South Africa soared to 6.9K tons, jumping by 29% on 2021. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides exports soared to $21M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chromium Oxides and Hydroxides in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 3.2 | 1.8 | 3.5 | 20.5% |
| Turkey | 0.7 | 0.9 | 0.8 | 1.8 | 37.0% |
| Thailand | 0.9 | 1.0 | 1.5 | 1.7 | 23.6% |
| United States | 0.2 | 0.2 | 0.5 | 1.6 | 100.0% |
| Belgium | 2.5 | 1.8 | 2.2 | 1.5 | -15.7% |
| Brazil | N/A | 0.1 | 0.8 | 1.3 | 260.6% |
| Indonesia | 0.6 | 0.4 | 0.7 | 1.1 | 22.4% |
| Germany | 0.1 | 0.3 | 0.1 | 1.0 | 115.4% |
| Hong Kong SAR | 2.3 | 2.0 | 2.2 | 0.9 | -26.9% |
| Italy | 0.4 | 0.5 | 0.5 | 0.8 | 26.0% |
| Netherlands | 0.2 | 0.1 | 0.4 | 0.7 | 51.8% |
| Taiwan (Chinese) | 0.7 | 0.4 | 1.1 | 0.6 | -5.0% |
| India | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Others | 1.3 | 1.3 | 2.5 | 3.8 | 43.0% |
| Total | 12.3 | 12.3 | 15.4 | 21.1 | 19.7% |
Top Export Markets for Chromium Oxides and Hydroxides from South Africa in 2022:
- China (987.4 tons)
- Turkey (914.5 tons)
- Thailand (519.0 tons)
- Belgium (508.5 tons)
- United States (486.4 tons)
- Hong Kong SAR (411.7 tons)
- Brazil (383.3 tons)
- Indonesia (304.4 tons)
- Germany (300.2 tons)
- Italy (277.9 tons)
- Netherlands (228.0 tons)
- India (211.3 tons)
- Taiwan (Chinese) (198.4 tons)
Imports of Chromium Oxides and Hydroxides in South Africa
Chromium oxides and hydroxides imports into South Africa declined to 2.7K tons in 2022, with a decrease of -9.9% on 2021 figures. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 9.8% against the previous year.
In value terms, chromium oxides and hydroxides imports expanded markedly to $8.9M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Chromium Oxides and Hydroxides in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 636 | 393 | 292 | 3,498 | 76.5% |
| Estonia | 2,202 | 1,464 | 1,658 | 1,893 | -4.9% |
| Turkey | 1,386 | 1,253 | 655 | 1,441 | 1.3% |
| China | 455 | 600 | 1,239 | 767 | 19.0% |
| Netherlands | N/A | 54.6 | 89.9 | 382 | 164.5% |
| United States | 2,925 | 2,500 | 3,280 | 325 | -51.9% |
| India | 228 | 304 | 141 | 279 | 7.0% |
| Germany | 398 | 291 | 520 | 148 | -28.1% |
| United Kingdom | 295 | 10.9 | 28.7 | 23.9 | -56.7% |
| Others | 0.4 | 139 | 114 | 171 | 653.3% |
| Total | 8,524 | 7,008 | 8,019 | 8,929 | 1.6% |
Top Suppliers of Chromium Oxides and Hydroxides to South Africa in 2022:
- Kazakhstan (1020.0 tons)
- Turkey (614.0 tons)
- Estonia (560.0 tons)
- China (156.1 tons)
- United States (119.6 tons)
- Netherlands (100.0 tons)
- India (84.0 tons)
- United Kingdom (21.8 tons)
- Germany (17.0 tons)
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