Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China (FOB) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China (CIF) - 2023
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China (FOB) - 2022
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $15,975 per ton in 2022, declining by -10.7% against the previous year. Overall, the export price recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the peak figure at $19,565 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($18,000 per ton) and the UK ($17,458 per ton), while the average price for exports to the United States ($14,170 per ton) and Japan ($16,440 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China (CIF) - 2023
The average import price for chromium and articles thereof; wrought other than waste and scrap stood at $184K per ton in December 2023, growing by 4.8% against the previous month. Over the period under review, the import price, however, showed a mild reduction. The pace of growth was the most pronounced in July 2023 an increase of 78% m-o-m. The import price peaked at $284K per ton in October 2023; however, from November 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($634K per ton), while the price for Germany ($121K per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China
In 2022, after two years of decline, there was significant growth in overseas shipments of chromium and articles thereof; wrought other than waste and scrap, when their volume increased by 176% to 1.2K tons. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap skyrocketed to $19M in 2022. Over the period under review, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.3 | 5.2 | 5.6 | 11.3 | 6.7% |
| Japan | 1.5 | 0.8 | 0.6 | 3.6 | 33.9% |
| Malaysia | N/A | N/A | 0.1 | 1.9 | 1800.0% |
| United Kingdom | 0.2 | 0.4 | 0.4 | 0.6 | 44.2% |
| Others | 0.5 | 0.3 | 1.0 | 1.6 | 47.4% |
| Total | 11.6 | 6.6 | 7.7 | 18.9 | 17.7% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from China in 2022:
- United States (794.7 tons)
- Japan (217.9 tons)
- Malaysia (104.5 tons)
- United Kingdom (35.1 tons)
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China
In 2022, approx. 64 tons of chromium and articles thereof; wrought other than waste and scrap were imported into China; increasing by 2.4% compared with 2021 figures. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap contracted to $4.6M in 2022. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 31%.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,368 | 2,303 | 2,442 | 2,428 | -10.3% |
| Japan | 835 | 755 | 1,394 | 1,311 | 16.2% |
| France | 688 | 524 | 631 | 427 | -14.7% |
| Taiwan (Chinese) | 356 | 148 | 347 | 253 | -10.8% |
| United States | 115 | 187 | 211 | 119 | 1.1% |
| Russia | 349 | 20.9 | 275 | 13.2 | -66.4% |
| Others | 161 | 155 | 71.6 | 86.0 | -18.9% |
| Total | 5,873 | 4,093 | 5,372 | 4,637 | -7.6% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to China in 2022:
- Germany (41.6 tons)
- Japan (11.7 tons)
- Taiwan (Chinese) (5.2 tons)
- France (3.3 tons)
- United States (1.6 tons)
- Russia (0.1 tons)
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