Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Indonesia - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Indonesia (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Indonesia
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Indonesia (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $4,015 per ton, increasing by 42% against the previous year. In general, the import price, however, recorded a noticeable downturn. Over the period under review, average import prices hit record highs at $5,726 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($11,463 per ton), while the price for China ($3,030 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Indonesia
After three years of growth, supplies from abroad of chromium oxides and hydroxides; excluding chromium trioxides decreased by -27.6% to 857 tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides expanded modestly to $3.4M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,222 | 1,118 | 1,633 | 1,843 | 14.7% |
| Japan | 429 | 337 | 536 | 669 | 16.0% |
| Germany | 236 | 412 | 534 | 581 | 35.0% |
| United States | 103 | 64.5 | 72.1 | 121 | 5.5% |
| South Korea | 97.3 | 64.0 | 161 | 91.7 | -2.0% |
| Hong Kong SAR | 17.9 | 29.0 | 55.5 | 74.5 | 60.9% |
| Vietnam | N/A | 85.4 | 229 | N/A | 168.1% |
| Others | 165 | 119 | 119 | 59.8 | -28.7% |
| Total | 2,270 | 2,229 | 3,340 | 3,439 | 14.9% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Indonesia in 2022:
- China (608.4 tons)
- Germany (120.0 tons)
- Japan (58.3 tons)
- Hong Kong SAR (20.5 tons)
- United States (14.4 tons)
- South Korea (12.9 tons)
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