Price for Chromium Oxides and Hydroxides in the Dominican Republic - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in the Dominican Republic (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides in the Dominican Republic
Price for Chromium Oxides and Hydroxides in the Dominican Republic (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $8,503 per ton in 2022, approximately mirroring the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 import price increased by +34.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the peak figure at $8,559 per ton in 2021, and then fell slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,613 per ton), while the price for Colombia totaled $8,409 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in the Dominican Republic
In 2022, approx. 8.7 tons of chromium oxides and hydroxideses were imported into the Dominican Republic; with an increase of 240% against the previous year. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides imports skyrocketed to $74K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 12.0 | 3.7 | 8.5 | 42.0 | 51.8% |
| Germany | 8.7 | 3.7 | 3.7 | 31.4 | 53.4% |
| Guatemala | 1.8 | 1.5 | 3.6 | N/A | 41.4% |
| Panama | N/A | 2.4 | N/A | N/A | 0% |
| Brazil | 5.1 | 2.8 | 4.5 | N/A | -6.1% |
| Others | 0.4 | 0.6 | 1.5 | 0.1 | -37.0% |
| Total | 28.1 | 14.8 | 21.8 | 73.6 | 37.8% |
Top Suppliers of Chromium Oxides and Hydroxides to the Dominican Republic in 2022:
- Colombia (5.0 tons)
- Germany (3.6 tons)
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