Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $10,090 per ton in 2022, surging by 48% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($12,206 per ton) and Japan ($11,408 per ton), while the price for China ($8,343 per ton) and Germany ($9,106 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $10,144 per ton in 2022, falling by -3.7% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chromium oxides and hydroxides; excluding chromium trioxides increased by +128.5% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $10,531 per ton in 2021, and then reduced modestly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($21,831 per ton), while the average price for exports to Vietnam ($8,587 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore
In 2022, approx. 49 tons of chromium oxides and hydroxides; excluding chromium trioxides were imported into Singapore; with a decrease of -7.8% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides surged to $494K in 2022. In general, imports recorded a deep contraction.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 484 | 134 | 136 | 240 | -20.8% |
| United States | 31.7 | 55.5 | 17.9 | 125 | 58.0% |
| Japan | 110 | 125 | 102 | 84.0 | -8.6% |
| China | 24.7 | 15.9 | 45.8 | 29.2 | 5.7% |
| India | N/A | N/A | 51.1 | 8.2 | -84.0% |
| Thailand | 16.1 | 14.4 | N/A | N/A | -10.6% |
| Slovenia | 29.8 | N/A | N/A | N/A | 0% |
| Others | 15.8 | 9.3 | 10.1 | 7.6 | -21.6% |
| Total | 712 | 354 | 363 | 494 | -11.5% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Singapore in 2022:
- Germany (26.4 tons)
- United States (10.3 tons)
- Japan (7.4 tons)
- China (3.5 tons)
- India (0.7 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore
In 2022, shipments abroad of chromium oxides and hydroxides; excluding chromium trioxides increased by 25% to 31 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a significant decline.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides soared to $315K in 2022. Overall, exports, however, saw a deep contraction.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 134 | 148 | 74.7 | 129 | -1.3% |
| Malaysia | 33.2 | 31.7 | 8.2 | 73.3 | 30.2% |
| Thailand | 166 | 145 | 41.3 | 66.2 | -26.4% |
| India | 9.0 | 36.6 | 34.2 | 39.4 | 63.6% |
| South Korea | 46.7 | N/A | 7.4 | N/A | -60.2% |
| Indonesia | 87.8 | 2.7 | 31.5 | N/A | -40.1% |
| Others | 37.5 | 39.1 | 63.8 | 7.2 | -42.3% |
| Total | 514 | 403 | 261 | 315 | -15.1% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Singapore in 2022:
- Vietnam (15.1 tons)
- Malaysia (8.1 tons)
- Thailand (6.0 tons)
- India (1.8 tons)
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