Salts; Sodium Dichromate Price in Iran - 2022

Salts; Sodium Dichromate Price in Iran (CIF) - 2022

In 2022, the average salts; sodium dichromate import price amounted to $1,637 per ton, dropping by -4.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. As a result, import price attained the peak level of $1,869 per ton. From 2019 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 the United Arab Emirates ($1,762 per ton), while the price for India ($1,035 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 Arab Emirates (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Salts; Sodium Dichromate Price in Iran (FOB) - 2022

In 2022, the average salts; sodium dichromate export price amounted to $3,960 per ton, reducing by -4.6% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,150 per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Armenia amounted to +13.7% per year.

Salts; Sodium Dichromate Imports in Iran

In 2022, supplies from abroad of salts; sodium dichromate decreased by -6.1% to 635 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year.

In value terms, salts; sodium dichromate imports reduced to $1M in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of $1.2M, and then shrank in the following year.

Import of Salts; Sodium Dichromate in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	329	485	727	687	27.8%
Russia	250	53.8	71.5	123	-21.1%
China	58.3	67.1	76.4	79.8	11.0%
Turkey	59.0	63.2	78.6	74.3	8.0%
India	64.0	57.2	50.6	41.1	-13.7%
Malaysia	40.0	37.7	32.0	35.5	-3.9%
Oman	N/A	113	71.1	N/A	-37.1%
Others	0.3	44.2	53.0	0.3	0.0%
Total	800	921	1,160	1,040	9.1%

Top Suppliers of Salts; Sodium Dichromate to Iran in 2022:

United Arab Emirates (389.9 tons)
Russia (84.1 tons)
China (53.7 tons)
Turkey (47.8 tons)
India (39.7 tons)
Malaysia (20.3 tons)

Salts; Sodium Dichromate Exports in Iran

In 2022, approx. 100 kg of salts; sodium dichromate were exported from Iran; remaining stable against the previous year. In general, exports saw a relatively flat trend pattern. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, salts; sodium dichromate exports reduced slightly to $396 in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 10%. As a result, the exports reached the peak of $415, and then declined modestly in the following year.