Chromium Trioxide Price in Canada - 2023

Contents:

  1. Chromium Trioxide Price in Canada (CIF) - 2022
  2. Chromium Trioxide Price in Canada (FOB) - 2022
  3. Chromium Trioxide Imports in Canada
  4. Chromium Trioxide Exports in Canada

Chromium Trioxide Price in Canada (CIF) - 2022

In 2022, the average chromium trioxide import price amounted to $2,223 per ton, dropping by -14.1% against the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, average import prices hit record highs at $3,632 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($2,566 per ton), while the price for France ($612 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.4%), while the prices for the other major suppliers experienced a decline.

Chromium Trioxide Price in Canada (FOB) - 2022

The average chromium trioxide export price stood at $3,985 per ton in 2022, stabilizing at the previous year. Overall, the export price showed a modest increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 60%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,039 per ton), while the average price for exports to the Philippines amounted to $2,203 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%).

Chromium Trioxide Imports in Canada

In 2022, purchases abroad of chromium trioxides was finally on the rise to reach 955 tons after two years of decline. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chromium trioxide imports surged to $2.1M in 2022. Over the period under review, imports saw a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Chromium Trioxide in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey1,7398691,0301,7961.1%
Kazakhstan88.319.789.826644.4%
France0.30.40.118.6295.8%
Others8.489.122041.870.7%
Total1,8369781,3402,1224.9%

Top Suppliers of Chromium Trioxide to Canada in 2022:

  1. Turkey (805.4 tons)
  2. Kazakhstan (103.6 tons)
  3. France (30.4 tons)

Chromium Trioxide Exports in Canada

In 2022, overseas shipments of chromium trioxides decreased by 0% to 14 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of 48 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, chromium trioxide exports amounted to $54K in 2022. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 51%. As a result, the exports attained the peak of $129K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Chromium Trioxide in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States80.3129N/A53.1-12.9%
PhilippinesN/AN/AN/A0.90%
Singapore5.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total85.3129N/A54.0-14.1%

Top Export Markets for Chromium Trioxide from Canada in 2022:

  1. United States (13.2 tons)
  2. Philippines (0.4 tons)

Source: IndexBox Market Intelligence Platform

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