Price for Chromium Oxides and Hydroxides in South Korea - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in South Korea (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in South Korea (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in South Korea
- Exports of Chromium Oxides and Hydroxides in South Korea
Price for Chromium Oxides and Hydroxides in South Korea (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $4,491 per ton, jumping by 25% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $4,936 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($4,988 per ton) and China ($4,766 per ton), while the price for South Africa ($3,373 per ton) and India ($3,501 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Oxides and Hydroxides in South Korea (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $3,565 per ton in 2022, waning by -6.5% against the previous year. In general, the export price showed a mild reduction. The pace of growth was the most pronounced in 2014 an increase of 11% against the previous year. As a result, the export price reached the peak level of $4,620 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($32,594 per ton), while the average price for exports to Vietnam ($2,742 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 China (+27.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides in South Korea
Chromium oxides and hydroxides imports into South Korea declined significantly to 4.6K tons in 2022, reducing by -19.9% compared with 2021 figures. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of 5.7K tons, and then dropped significantly in the following year.
In value terms, chromium oxides and hydroxides imports amounted to $21M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21%.
| Import of Chromium Oxides and Hydroxides in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.4 | 4.4 | 4.3 | 5.8 | 2.4% |
| United States | 5.4 | 4.2 | 4.8 | 5.3 | -0.6% |
| Turkey | 3.4 | 3.2 | 3.7 | 3.5 | 1.0% |
| China | 3.7 | 3.0 | 4.6 | 3.3 | -3.7% |
| India | 1.5 | 1.2 | 1.7 | 1.4 | -2.3% |
| South Africa | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Others | 0.8 | 0.7 | 0.9 | 0.9 | 4.0% |
| Total | 20.7 | 16.9 | 20.5 | 20.6 | -0.2% |
Top Suppliers of Chromium Oxides and Hydroxides to South Korea in 2022:
- Japan (1226.1 tons)
- United States (1057.3 tons)
- Turkey (936.1 tons)
- China (699.6 tons)
- India (396.1 tons)
- South Africa (108.0 tons)
Exports of Chromium Oxides and Hydroxides in South Korea
In 2022, approx. 483 tons of chromium oxides and hydroxideses were exported from South Korea; declining by -6.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of 517 tons, and then contracted in the following year.
In value terms, chromium oxides and hydroxides exports reduced to $1.7M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of $2M, and then dropped in the following year.
| Export of Chromium Oxides and Hydroxides in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 550 | 449 | 563 | 470 | -5.1% |
| Vietnam | 359 | 185 | 224 | 418 | 5.2% |
| Japan | 330 | 203 | 419 | 337 | 0.7% |
| Malaysia | 213 | 543 | 251 | 239 | 3.9% |
| Indonesia | 103 | 64.6 | 141 | 151 | 13.6% |
| Others | 53.8 | 7.5 | 373 | 106 | 25.4% |
| Total | 1,610 | 1,452 | 1,971 | 1,722 | 2.3% |
Top Export Markets for Chromium Oxides and Hydroxides from South Korea in 2022:
- India (165.5 tons)
- Vietnam (152.5 tons)
- Japan (78.8 tons)
- Malaysia (54.0 tons)
- Indonesia (25.8 tons)
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