Price for Chromium Oxides and Hydroxides in Canada - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Canada (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Canada (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Canada
- Exports of Chromium Oxides and Hydroxides in Canada
Price for Chromium Oxides and Hydroxides in Canada (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $3,121 per ton, falling by -1.6% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 an increase of 51%. As a result, import price reached the peak level of $6,616 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,410 per ton), while the price for Turkey ($1,598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides in Canada (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $1,299 per ton in 2022, growing by 9.8% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 13% against the previous year. The export price peaked at $2,169 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to -1.7% per year.
Imports of Chromium Oxides and Hydroxides in Canada
Chromium oxides and hydroxides imports into Canada soared to 1.6K tons in 2022, jumping by 31% on the previous year's figure. In general, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year.
In value terms, chromium oxides and hydroxides imports skyrocketed to $5M in 2022. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 92% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Chromium Oxides and Hydroxides in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,764 | 869 | 1,030 | 1,796 | 0.6% |
| Germany | 662 | 436 | 1,080 | 1,584 | 33.8% |
| United States | 1,076 | 613 | 1,459 | 1,093 | 0.5% |
| Kazakhstan | 91.3 | 23.3 | 89.8 | 292 | 47.3% |
| Others | 107 | 100 | 251 | 276 | 37.1% |
| Total | 3,701 | 2,041 | 3,910 | 5,041 | 10.8% |
Top Suppliers of Chromium Oxides and Hydroxides to Canada in 2022:
- Turkey (1123.6 tons)
- Germany (217.2 tons)
- United States (147.5 tons)
- Kazakhstan (74.8 tons)
Exports of Chromium Oxides and Hydroxides in Canada
Chromium oxides and hydroxides exports from Canada fell markedly to 623 tons in 2022, with a decrease of -31.6% against 2021 figures. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 119% against the previous year. As a result, the exports attained the peak of 911 tons, and then contracted markedly in the following year.
In value terms, chromium oxides and hydroxides exports fell sharply to $810K in 2022. In general, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 96%. As a result, the exports reached the peak of $1.1M, and then fell markedly in the following year.
| Export of Chromium Oxides and Hydroxides in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 700 | 536 | 1,063 | 738 | 1.8% |
| Others | 11.1 | 13.5 | 15.4 | 71.8 | 86.3% |
| Total | 711 | 550 | 1,079 | 810 | 4.4% |
Top Export Markets for Chromium Oxides and Hydroxides from Canada in 2022:
- United States (611.0 tons)
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