Price for Chromium Oxides and Hydroxides in the United States - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in the United States (CIF) - 2023
- Imports of Chromium Oxides and Hydroxides in the United States
Price for Chromium Oxides and Hydroxides in the United States (CIF) - 2023
In October 2023, the average chromium oxides and hydroxides import price amounted to $4,909 per ton, surging by 49% against the previous month. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $5,004 per ton in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,604 per ton), while the price for Canada ($1,254 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides in the United States
Chromium oxides and hydroxides imports into the United States surged to 8.9K tons in 2022, with an increase of 22% on 2021. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides imports surged to $38M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 4.2 | 3.4 | 4.7 | 10.1 | 34.0% |
| China | 6.7 | 4.6 | 5.2 | 9.7 | 13.1% |
| Germany | 8.2 | 8.1 | 7.2 | 9.1 | 3.5% |
| India | 0.2 | 1.1 | 1.9 | 5.2 | 196.2% |
| South Africa | 0.2 | 0.2 | 0.6 | 1.2 | 81.7% |
| Italy | 0.5 | 1.6 | 1.3 | 0.8 | 17.0% |
| Canada | 0.6 | 0.4 | 1.0 | 0.7 | 5.3% |
| Others | 0.3 | 0.8 | 1.8 | 1.0 | 49.4% |
| Total | 20.9 | 20.2 | 23.7 | 37.7 | 21.7% |
Top Suppliers of Chromium Oxides and Hydroxides to the United States in 2022:
- Kazakhstan (3.1K tons)
- China (1.7K tons)
- India (1.3K tons)
- Germany (1.0K tons)
- Canada (0.6K tons)
- Italy (0.6K tons)
- South Africa (0.3K tons)
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