Salts; Sodium Dichromate Price in Malaysia - 2021

Salts; Sodium Dichromate Price in Malaysia (CIF) - 2022

In 2022, the average salts; sodium dichromate import price amounted to $1,993 per ton, which is down by -3.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. As a result, import price reached the peak level of $2,057 per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,976 per ton), while the price for Russia ($1,217 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 (+4.2%), while the prices for the other major suppliers experienced a decline.

Salts; Sodium Dichromate Price in Malaysia (FOB) - 2022

In 2022, the average salts; sodium dichromate export price amounted to $1,822 per ton, surging by 6.6% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; sodium dichromate export price decreased by -13.7% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 30%. The export price peaked at $2,111 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Indonesia ($14,945 per ton), while the average price for exports to Singapore stood at $1,180 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.3%).

Salts; Sodium Dichromate Imports in Malaysia

Salts; sodium dichromate imports into Malaysia declined remarkably to 189 tons in 2022, falling by -35.1% compared with 2021 figures. Over the period under review, imports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 236% against the previous year. As a result, imports attained the peak of 292 tons, and then reduced dramatically in the following year.

In value terms, salts; sodium dichromate imports reduced dramatically to $377K in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 289% against the previous year. As a result, imports attained the peak of $600K, and then contracted remarkably in the following year.

Import of Salts; Sodium Dichromate in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	278	9.6	299	189	-12.1%
Russia	55.8	75.7	143	89.8	17.2%
Turkey	110	53.5	101	63.8	-16.6%
Germany	7.5	5.7	27.2	17.2	31.9%
Others	39.6	9.9	30.5	18.2	-22.8%
Total	491	154	600	377	-8.4%

Top Suppliers of Salts; Sodium Dichromate to Malaysia in 2022:

Russia (73.8 tons)
United States (63.3 tons)
Turkey (42.0 tons)
Germany (8.2 tons)

Salts; Sodium Dichromate Exports in Malaysia

In 2022, the amount of salts; sodium dichromate exported from Malaysia contracted significantly to 32 tons, which is down by -21.2% compared with the previous year. In general, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% 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 +43.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 82%. As a result, the exports reached the peak of 41 tons, and then declined sharply in the following year.

In value terms, salts; sodium dichromate exports fell markedly to $59K in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of $70K, and then fell rapidly in the following year.