Price for Chromium Oxides and Hydroxides in Kuwait - 2021
Contents:
- Price for Chromium Oxides and Hydroxides in Kuwait (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides in Kuwait
Price for Chromium Oxides and Hydroxides in Kuwait (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $9,129 per ton in 2022, surging by 13% against the previous year. Overall, the import price posted a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 59% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($26,161 per ton), while the price for Saudi Arabia ($1,137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Kuwait
In 2022, overseas purchases of chromium oxides and hydroxideses decreased by -32.1% to 17 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 673%.
In value terms, chromium oxides and hydroxides imports contracted sharply to $153K in 2022. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 617%.
| Import of Chromium Oxides and Hydroxides in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.2 | 85.5 | 101 | 83.3 | 95.2% |
| Germany | 0.7 | 0.7 | 54.1 | 39.0 | 281.9% |
| Saudi Arabia | 1.8 | 14.5 | 18.4 | 12.4 | 90.3% |
| India | N/A | 0.1 | 9.1 | 6.6 | 712.4% |
| United Arab Emirates | 0.1 | 0.7 | 8.9 | 6.4 | 300.0% |
| Others | 1.1 | 5.2 | 7.2 | 5.0 | 65.7% |
| Total | 14.9 | 107 | 199 | 153 | 117.4% |
Top Suppliers of Chromium Oxides and Hydroxides to Kuwait in 2022:
- Saudi Arabia (10.9 tons)
- United States (3.2 tons)
- Germany (1.7 tons)
- United Arab Emirates (0.4 tons)
- India (0.3 tons)
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