Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $6,027 per ton in 2022, rising by 36% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 increased by +60.5% against 2020 indices. The import price peaked at $6,454 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($6,027 per ton) and India ($6,027 per ton), while the price for Taiwan (Chinese) ($6,026 per ton) and China ($6,027 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $4,126 per ton in 2022, jumping by 45% against the previous year. Over the period under review, the export price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $6,177 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($7,969 per ton), while the average price for exports to Taiwan (Chinese) stood at $2,869 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam
In 2022, imports of chromium oxides and hydroxides; excluding chromium trioxides into Vietnam surged to 538 tons, picking up by 20% against 2021. In general, imports, however, recorded a deep downturn.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides surged to $3.2M in 2022. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,511 | 940 | 1,195 | 2,148 | 12.4% |
| Russia | 386 | 152 | 351 | 657 | 19.4% |
| South Korea | 201 | 98.2 | 107 | 199 | -0.3% |
| Germany | 108 | 107 | 103 | 151 | 11.8% |
| Singapore | 133 | 126 | 68.8 | N/A | -28.1% |
| Estonia | 17.8 | 12.4 | 10.8 | N/A | -22.1% |
| Others | 132 | 131 | 151 | 87.8 | -12.7% |
| Total | 2,489 | 1,567 | 1,986 | 3,244 | 9.2% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Vietnam in 2022:
- China (356.5 tons)
- Russia (109.1 tons)
- South Korea (33.1 tons)
- Germany (25.0 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam
In 2022, shipments abroad of chromium oxides and hydroxides; excluding chromium trioxides decreased by -51.2% to 37 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 659%.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides shrank rapidly to $152K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 824%.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 5.4 | 14.2 | 13.9 | 79.7 | 145.3% |
| Cambodia | 1.9 | 6.9 | 9.3 | 72.4 | 236.5% |
| Indonesia | N/A | 67.4 | 192 | N/A | 184.9% |
| Others | 2.3 | N/A | N/A | N/A | 0% |
| Total | 9.6 | 88.5 | 216 | 152 | 151.1% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Vietnam in 2022:
- Taiwan (Chinese) (27.8 tons)
- Cambodia (9.1 tons)
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