Price for Chromium Oxides and Hydroxides in Turkey - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Turkey (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Turkey (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Turkey
- Exports of Chromium Oxides and Hydroxides in Turkey
Price for Chromium Oxides and Hydroxides in Turkey (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $4,537 per ton in 2022, surging by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. As a result, import price reached the peak level of $5,106 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($6,746 per ton), while the price for South Africa ($3,265 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Turkey (FOB) - 2022
In 2022, the average chromium oxides and hydroxides export price amounted to $5,494 per ton, shrinking by -3.8% against the previous year. Overall, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 38%. As a result, the export price reached the peak level of $5,708 per ton, and then dropped slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($11,578 per ton), while the average price for exports to Japan amounted to $5,304 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Turkey
In 2022, approx. 1.8K tons of chromium oxides and hydroxideses were imported into Turkey; approximately mirroring 2021. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, chromium oxides and hydroxides imports skyrocketed to $8.2M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 21%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,082 | 1,669 | 1,426 | 2,283 | 3.1% |
| United States | 1,343 | 1,402 | 1,812 | 1,584 | 5.7% |
| South Africa | 440 | 679 | 599 | 1,462 | 49.2% |
| Russia | 775 | 963 | 978 | 1,116 | 12.9% |
| Kazakhstan | 455 | 250 | 533 | 664 | 13.4% |
| India | N/A | 135 | 986 | 554 | 102.6% |
| China | 275 | 124 | 221 | 373 | 10.7% |
| Others | 159 | 496 | 392 | 155 | -0.8% |
| Total | 5,529 | 5,719 | 6,948 | 8,191 | 14.0% |
Top Suppliers of Chromium Oxides and Hydroxides to Turkey in 2022:
- South Africa (447.7 tons)
- Germany (382.1 tons)
- United States (377.4 tons)
- Russia (222.3 tons)
- Kazakhstan (187.0 tons)
- India (105.0 tons)
- China (61.1 tons)
Exports of Chromium Oxides and Hydroxides in Turkey
Chromium oxides and hydroxides exports from Turkey soared to 21 tons in 2022, increasing by 130% against 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 792% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, chromium oxides and hydroxides exports soared to $113K in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,132% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Chromium Oxides and Hydroxides in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 106 | 0% |
| Azerbaijan | 1.7 | 0.2 | 2.5 | 7.0 | 60.3% |
| France | N/A | N/A | 17.9 | N/A | 0% |
| United Arab Emirates | 18.8 | 3.9 | 27.5 | N/A | 20.9% |
| Others | 1.7 | N/A | 3.3 | 0.3 | -43.9% |
| Total | 22.1 | 4.2 | 51.2 | 113 | 72.3% |
Top Export Markets for Chromium Oxides and Hydroxides from Turkey in 2022:
- Japan (20.0 tons)
- Azerbaijan (0.6 tons)
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