Price for Chromium Oxides and Hydroxides in Peru - 2021

Price for Chromium Oxides and Hydroxides in Peru (CIF) - 2022

In 2022, the average chromium oxides and hydroxides import price amounted to $3,568 per ton, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2015 an increase of 26%. As a result, import price attained the peak level of $6,068 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($12,106 per ton), while the price for the United States ($3,316 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chromium Oxides and Hydroxides in Peru (FOB) - 2022

In 2022, the average chromium oxides and hydroxides export price amounted to $2,800 per ton, with an increase of 14% against the previous year. In general, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 50%. As a result, the export price reached the peak level of $9,484 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to -7.3% per year.

Imports of Chromium Oxides and Hydroxides in Peru

Chromium oxides and hydroxides imports into Peru shrank significantly to 87 tons in 2022, reducing by -24.2% on 2021. Overall, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% 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 +47.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. As a result, imports reached the peak of 114 tons, and then fell notably in the following year.

In value terms, chromium oxides and hydroxides imports dropped rapidly to $309K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 87%. As a result, imports reached the peak of $403K, and then fell remarkably in the following year.

Import of Chromium Oxides and Hydroxides in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	242	178	351	271	3.8%
Italy	12.9	20.6	26.7	20.6	16.9%
Turkey	3.5	3.5	12.9	10.0	41.9%
China	32.9	N/A	1.0	N/A	-82.6%
Others	15.1	14.2	10.7	7.4	-21.2%
Total	306	216	403	309	0.3%

Top Suppliers of Chromium Oxides and Hydroxides to Peru in 2022:

United States (81.8 tons)
Turkey (2.3 tons)
Italy (1.7 tons)

Exports of Chromium Oxides and Hydroxides in Peru

In 2022, after three years of growth, there was significant decline in overseas shipments of chromium oxides and hydroxideses, when their volume decreased by -34.8% to 2.1 tons. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 230% against the previous year. As a result, the exports reached the peak of 3.3 tons, and then declined markedly in the following year.

In value terms, chromium oxides and hydroxides exports dropped dramatically to $6K in 2022. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, the exports reached the peak of $8.1K, and then fell dramatically in the following year.