Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Venezuela - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Venezuela (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Venezuela
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Venezuela (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $11,084 per ton in 2022, surging by 2.7% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chromium oxides and hydroxides; excluding chromium trioxides decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 41%. The import price peaked at $11,486 per ton in 2020; however, from 2021 to 2022, 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 the United States ($45,351 per ton), while the price for China ($1,816 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.8%), while the prices for the other major suppliers experienced a decline.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Venezuela
In 2022, after three years of growth, there was significant decline in overseas purchases of chromium oxides and hydroxides; excluding chromium trioxides, when their volume decreased by -16.2% to 860 kg. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports reached the peak of 1 tons, and then fell remarkably in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides shrank to $9.5K in 2022. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 62% against the previous year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.2 | 5.6 | 8.1 | 6.8 | 28.6% |
| Germany | 0.6 | 0.7 | 0.6 | 0.7 | 5.3% |
| Panama | 0.4 | 0.6 | 0.8 | 0.6 | 14.5% |
| China | 0.2 | 0.3 | 0.5 | 0.6 | 44.2% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Colombia | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.3 | 0.5 | 0.7 | 0.6 | 26.0% |
| Total | 4.9 | 8.0 | 11.1 | 9.5 | 24.7% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Venezuela in 2022:
- China (320.0 kg)
- Germany (234.0 kg)
- United States (151.0 kg)
- Panama (109.0 kg)
- Colombia (29.0 kg)
- Netherlands (14.0 kg)
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