Price for Chromium Oxides and Hydroxides in Bahrain - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Bahrain (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Bahrain (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Bahrain
- Exports of Chromium Oxides and Hydroxides in Bahrain
Price for Chromium Oxides and Hydroxides in Bahrain (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $13,480 per ton in 2022, with an increase of 105% against the previous year. Overall, the import price saw a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($13,480 per ton), while the price for India stood at $13,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Bahrain (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $3,737 per ton, declining by -10.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 94% against the previous year. As a result, the export price reached the peak level of $8,392 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -0.5% per year.
Imports of Chromium Oxides and Hydroxides in Bahrain
In 2022, chromium oxides and hydroxides imports into Bahrain reduced rapidly to 1 tons, waning by -87.1% compared with 2021. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 90% against the previous year.
In value terms, chromium oxides and hydroxides imports fell significantly to $13K in 2022. Over the period under review, imports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 97% against the previous year. As a result, imports reached the peak of $51K, and then reduced notably in the following year.
| Import of Chromium Oxides and Hydroxides in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.9 | 6.2 | 12.6 | 13.5 | 1.5% |
| Russia | 11.7 | N/A | N/A | N/A | 0% |
| China | 7.3 | 1.6 | 0.7 | N/A | -69.0% |
| United States | 0.8 | 0.9 | 0.7 | N/A | -6.5% |
| United Arab Emirates | 2.0 | 6.2 | 21.0 | N/A | 224.0% |
| South Africa | N/A | N/A | 8.7 | N/A | 0% |
| Italy | 8.9 | 7.9 | 5.7 | N/A | -20.0% |
| Netherlands | 2.6 | 1.5 | 0.6 | N/A | -52.0% |
| Others | 1.8 | 1.5 | 1.0 | N/A | -25.5% |
| Total | 48.1 | 25.9 | 51.0 | 13.5 | -34.5% |
Top Suppliers of Chromium Oxides and Hydroxides to Bahrain in 2022:
- Germany (1000.0 kg)
Exports of Chromium Oxides and Hydroxides in Bahrain
In 2022, approx. 4.9 tons of chromium oxides and hydroxideses were exported from Bahrain; which is down by -7.5% on the previous year. In general, exports showed a slight shrinkage. The growth pace was the most rapid in 2021 with an increase of 5.5%. As a result, the exports reached the peak of 5.3 tons, and then dropped in the following year.
In value terms, chromium oxides and hydroxides exports contracted sharply to $18K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52%. As a result, the exports attained the peak of $22K, and then reduced remarkably in the following year.
| Export of Chromium Oxides and Hydroxides in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 11.9 | 14.7 | 2.8 | 18.5 | 15.8% |
| Others | N/A | N/A | 19.5 | N/A | 0% |
| Total | 11.9 | 14.7 | 22.3 | 18.5 | 15.8% |
Top Export Markets for Chromium Oxides and Hydroxides from Bahrain in 2022:
- Saudi Arabia (4.9 tons)
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