Price for Chromium Oxides and Hydroxides in the United Arab Emirates - 2021
Contents:
- Price for Chromium Oxides and Hydroxides in the United Arab Emirates (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in the United Arab Emirates (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in the United Arab Emirates
- Exports of Chromium Oxides and Hydroxides in the United Arab Emirates
Price for Chromium Oxides and Hydroxides in the United Arab Emirates (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $3,577 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. As a result, import price reached the peak level of $5,456 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,485 per ton), while the price for Italy ($1,919 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in the United Arab Emirates (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $3,123 per ton, increasing by 12% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 decreased by -8.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54% against the previous year. The export price peaked at $3,398 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Bahrain ($6,841 per ton), while the average price for exports to India ($2,222 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 Bahrain (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in the United Arab Emirates
In 2022, the amount of chromium oxides and hydroxideses imported into the United Arab Emirates surged to 544 tons, rising by 60% against 2021. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 92%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, chromium oxides and hydroxides imports soared to $1.9M in 2022. In general, imports enjoyed 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 United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 134 | 207 | 474 | 1,352 | 116.1% |
| India | 63.3 | 45.9 | 88.4 | 174 | 40.1% |
| South Africa | N/A | N/A | 95.3 | 171 | 79.4% |
| Germany | 244 | 134 | 103 | 164 | -12.4% |
| Italy | 89.6 | 30.4 | 85.9 | 80.6 | -3.5% |
| Russia | 67.6 | 138 | 40.3 | N/A | -22.8% |
| Others | 122 | 66.0 | 115 | 4.8 | -66.0% |
| Total | 720 | 621 | 1,002 | 1,946 | 39.3% |
Top Suppliers of Chromium Oxides and Hydroxides to the United Arab Emirates in 2022:
- China (399.1 tons)
- South Africa (42.6 tons)
- Italy (42.0 tons)
- India (40.9 tons)
- Germany (19.3 tons)
Exports of Chromium Oxides and Hydroxides in the United Arab Emirates
In 2022, after two years of decline, there was significant growth in shipments abroad of chromium oxides and hydroxideses, when their volume increased by 79% to 113 tons. Overall, exports, however, recorded a abrupt contraction.
In value terms, chromium oxides and hydroxides exports soared to $351K in 2022. In general, exports, however, faced a abrupt curtailment.
| Export of Chromium Oxides and Hydroxides in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 71.8 | 62.6 | 56.0 | 129 | 21.6% |
| Azerbaijan | N/A | N/A | N/A | 70.5 | 0% |
| Kenya | N/A | N/A | N/A | 54.7 | 0% |
| Bahrain | N/A | N/A | N/A | 41.5 | 0% |
| Oman | 409 | 218 | 74.2 | 8.0 | -73.1% |
| Others | 5.0 | 8.5 | 44.6 | 47.9 | 112.4% |
| Total | 485 | 289 | 175 | 351 | -10.2% |
Top Export Markets for Chromium Oxides and Hydroxides from the United Arab Emirates in 2022:
- Pakistan (54.8 tons)
- Kenya (23.8 tons)
- Azerbaijan (19.8 tons)
- Bahrain (6.1 tons)
- Oman (2.3 tons)
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