Price for Chromium Oxides and Hydroxides in Costa Rica - 2022

Contents:

  1. Price for Chromium Oxides and Hydroxides in Costa Rica (CIF) - 2022
  2. Price for Chromium Oxides and Hydroxides in Costa Rica (FOB) - 2022
  3. Imports of Chromium Oxides and Hydroxides in Costa Rica
  4. Exports of Chromium Oxides and Hydroxides in Costa Rica

Price for Chromium Oxides and Hydroxides in Costa Rica (CIF) - 2022

The average chromium oxides and hydroxides import price stood at $4,707 per ton in 2022, rising by 5.5% against the previous year. In general, the import price, however, showed a mild slump. The pace of growth was the most pronounced in 2019 an increase of 39%. As a result, import price attained the peak level of $5,565 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,465 per ton), while the price for Mexico ($2,069 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chromium Oxides and Hydroxides in Costa Rica (FOB) - 2022

The average chromium oxides and hydroxides export price stood at $8,750 per ton in 2022, growing by 44% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Chile ($11,811 per ton) and Panama ($9,159 per ton), while the average price for exports to the Dominican Republic ($8,002 per ton) and El Salvador ($8,551 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 Panama (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Oxides and Hydroxides in Costa Rica

In 2022, approx. 36 tons of chromium oxides and hydroxideses were imported into Costa Rica; waning by -67.8% compared with the previous year. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 122% against the previous year. As a result, imports reached the peak of 111 tons, and then fell remarkably in the following year.

In value terms, chromium oxides and hydroxides imports reduced notably to $168K in 2022. In general, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 95%. As a result, imports attained the peak of $496K, and then declined notably in the following year.

Import of Chromium Oxides and Hydroxides in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium80.791.416966.6-6.2%
Colombia86.739.818265.1-9.1%
Guatemala8.511.525.115.823.0%
Germany14497.310115.8-52.1%
Mexico5.74.76.21.8-31.9%
Others17.69.211.23.4-42.2%
Total343254496168-21.2%

Top Suppliers of Chromium Oxides and Hydroxides to Costa Rica in 2022:

  1. Colombia (18.7 tons)
  2. Belgium (9.3 tons)
  3. Guatemala (3.1 tons)
  4. Germany (3.0 tons)
  5. Mexico (0.9 tons)

Exports of Chromium Oxides and Hydroxides in Costa Rica

In 2022, shipments abroad of chromium oxides and hydroxideses decreased by -23.4% to 5.5 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of 7.2 tons, and then shrank remarkably in the following year.

In value terms, chromium oxides and hydroxides exports rose markedly to $48K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Chromium Oxides and Hydroxides in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El Salvador15.12.134.728.423.4%
PanamaN/AN/AN/A12.20%
Dominican RepublicN/AN/AN/A5.30%
Chile9.63.43.12.4-37.0%
GuatemalaN/A26.25.9N/A-77.5%
OthersN/AN/AN/AN/A0%
Total24.731.843.748.325.0%

Top Export Markets for Chromium Oxides and Hydroxides from Costa Rica in 2022:

  1. El Salvador (3.3 tons)
  2. Panama (1.3 tons)
  3. Dominican Republic (0.7 tons)
  4. Chile (0.2 tons)

Source: IndexBox Market Intelligence Platform

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