Chromium Trioxide Price in South Africa - 2023
Contents:
- Chromium Trioxide Price in South Africa (FOB) - 2023
- Chromium Trioxide Price in South Africa (CIF) - 2022
- Chromium Trioxide Exports in South Africa
- Chromium Trioxide Imports in South Africa
Chromium Trioxide Price in South Africa (FOB) - 2023
The average chromium trioxide export price stood at $3,802 per ton in September 2023, picking up by 16% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Turkey ($6,961 per ton), while the average price for exports to Brazil ($2,633 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Chromium Trioxide Price in South Africa (CIF) - 2022
The average chromium trioxide import price stood at $3,143 per ton in 2022, with an increase of 36% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. Over the period under review, average import prices hit record highs at $3,614 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 China ($4,448 per ton), while the price for Turkey ($2,348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Chromium Trioxide Exports in South Africa
In 2022, the amount of chromium trioxides exported from South Africa skyrocketed to 6.5K tons, picking up by 21% compared with 2021. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, chromium trioxide exports soared to $21M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chromium Trioxide in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 3.2 | 1.8 | 3.5 | 20.5% |
| Turkey | 0.7 | 0.9 | 0.8 | 1.7 | 34.4% |
| Thailand | 0.9 | 1.0 | 1.5 | 1.7 | 23.6% |
| United States | 0.2 | 0.2 | 0.5 | 1.6 | 100.0% |
| Belgium | 2.5 | 1.8 | 2.2 | 1.5 | -15.7% |
| Brazil | N/A | 0.1 | 0.8 | 1.3 | 260.6% |
| Indonesia | 0.6 | 0.4 | 0.7 | 1.1 | 22.4% |
| Germany | 0.1 | 0.3 | 0.1 | 1.0 | 115.4% |
| Hong Kong SAR | 2.3 | 2.0 | 2.2 | 0.9 | -26.9% |
| Italy | 0.4 | 0.5 | 0.5 | 0.8 | 26.0% |
| Netherlands | 0.2 | 0.1 | 0.4 | 0.7 | 51.8% |
| Taiwan (Chinese) | 0.7 | 0.4 | 1.1 | 0.6 | -5.0% |
| India | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Others | 1.3 | 1.3 | 2.4 | 3.8 | 43.0% |
| Total | 12.2 | 12.3 | 15.3 | 20.9 | 19.7% |
Top Export Markets for Chromium Trioxide from South Africa in 2022:
- China (987.4 tons)
- Turkey (524.5 tons)
- Thailand (519.0 tons)
- Belgium (508.5 tons)
- United States (486.4 tons)
- Hong Kong SAR (411.7 tons)
- Brazil (383.3 tons)
- Indonesia (304.4 tons)
- Germany (300.2 tons)
- Italy (277.9 tons)
- Netherlands (228.0 tons)
- India (211.3 tons)
- Taiwan (Chinese) (198.4 tons)
Chromium Trioxide Imports in South Africa
Chromium trioxide imports into South Africa dropped to 2.6K tons in 2022, shrinking by -2% compared with 2021 figures. In general, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by 3.5%.
In value terms, chromium trioxide imports soared to $8.1M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Trioxide in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 636 | 393 | 292 | 3,498 | 76.5% |
| Estonia | 2,202 | 1,464 | 1,658 | 1,893 | -4.9% |
| Turkey | 1,386 | 1,253 | 655 | 1,441 | 1.3% |
| Netherlands | N/A | 48.4 | 89.9 | 382 | 180.9% |
| China | N/A | 82.5 | 7.1 | 325 | 98.5% |
| United States | 2,924 | 2,486 | 3,262 | 318 | -52.3% |
| India | 114 | 190 | 132 | 256 | 31.0% |
| United Kingdom | 293 | 10.9 | 27.4 | 23.9 | -56.6% |
| Others | 0.5 | 135 | N/A | N/A | 26900.0% |
| Total | 7,555 | 6,061 | 6,124 | 8,136 | 2.5% |
Top Suppliers of Chromium Trioxide to South Africa in 2022:
- Kazakhstan (1020.0 tons)
- Turkey (614.0 tons)
- Estonia (560.0 tons)
- United States (119.4 tons)
- Netherlands (100.0 tons)
- India (80.0 tons)
- China (73.0 tons)
- United Kingdom (22.2 tons)
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