Price for Chromium Oxides and Hydroxides in Sri Lanka - 2021
Contents:
- Price for Chromium Oxides and Hydroxides in Sri Lanka (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides in Sri Lanka
Price for Chromium Oxides and Hydroxides in Sri Lanka (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $2,967 per ton in 2022, falling by -38.5% against the previous year. Overall, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2014 an increase of 45% against the previous year. Over the period under review, average import prices attained the maximum at $5,892 per ton in 2015; however, from 2016 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 Italy ($6,723 per ton), while the price for India ($1,417 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.9%), while the prices for the other major suppliers experienced a decline.
Imports of Chromium Oxides and Hydroxides in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in supplies from abroad of chromium oxides and hydroxideses, which increased by 11% to 9.8 tons in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 390% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, chromium oxides and hydroxides imports declined notably to $29K in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 453% against the previous year. As a result, imports reached the peak of $43K, and then shrank dramatically in the following year.
| Import of Chromium Oxides and Hydroxides in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.1 | 1.1 | 3.7 | 16.8 | 148.1% |
| China | 1.4 | 4.1 | 2.2 | 10.9 | 98.2% |
| India | N/A | N/A | 0.4 | 1.3 | 225.0% |
| Singapore | 0.4 | 1.4 | 11.1 | N/A | 426.8% |
| South Africa | N/A | N/A | 12.1 | N/A | 0% |
| Others | 1.8 | 1.2 | 13.1 | 0.1 | -61.8% |
| Total | 4.6 | 7.7 | 42.7 | 29.1 | 84.9% |
Top Suppliers of Chromium Oxides and Hydroxides to Sri Lanka in 2022:
- China (6.3 tons)
- Italy (2.5 tons)
- India (0.9 tons)
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