Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Azerbaijan - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Azerbaijan (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Azerbaijan
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Azerbaijan (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $11,863 per ton, picking up by 74% against the previous year. Over the period under review, the import price recorded a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 671% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($15,238 per ton), while the price for Spain ($11,660 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Azerbaijan
Imports of chromium oxides and hydroxides; excluding chromium trioxides into Azerbaijan contracted notably to 621 kg in 2022, falling by -44.6% on the previous year. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. As a result, imports reached the peak of 1.1 tons, and then contracted remarkably in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides contracted slightly to $7.4K in 2022. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 83%.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.8 | 0.1 | 5.5 | 5.8 | 27.5% |
| United States | N/A | N/A | N/A | 1.2 | 0% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| Russia | 0.2 | N/A | 1.6 | N/A | 182.8% |
| Germany | 8.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 4.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 11.3 | 4.2 | 7.6 | 7.4 | -13.2% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Azerbaijan in 2022:
- Spain (500.0 kg)
- United States (100.0 kg)
- Turkey (21.0 kg)
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