Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $7,075 per ton in 2022, rising by 50% against the previous year. In general, the import price recorded moderate growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 86% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
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 Singapore ($30,259 per ton), while the price for the UK ($3,852 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $5,755 per ton, waning by -2.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 46%. The export price peaked at $6,666 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($8,863 per ton), while the average price for exports to Australia ($703 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.8%), while the prices for the other major destinations experienced a decline.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia
Imports of chromium oxides and hydroxides; excluding chromium trioxides into Malaysia soared to 225 tons in 2022, increasing by 26% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides surged to $1.6M in 2022. In general, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 612 | 617 | 518 | 913 | 14.3% |
| Australia | 69.3 | 2.0 | 8.2 | 179 | 37.2% |
| United States | 52.1 | 14.4 | 87.4 | 90.2 | 20.1% |
| China | 138 | 98.3 | 97.5 | 82.3 | -15.8% |
| Japan | 111 | 88.9 | 93.3 | 78.3 | -11.0% |
| United Kingdom | N/A | N/A | N/A | 78.2 | 0% |
| Kazakhstan | N/A | N/A | N/A | 76.3 | 0% |
| Taiwan (Chinese) | 64.5 | 6.5 | 29.6 | 29.1 | -23.3% |
| South Korea | 31.6 | 48.6 | N/A | 5.1 | -45.6% |
| Malta | 5.2 | N/A | N/A | N/A | 0% |
| Others | 30.1 | 18.9 | 8.6 | 60.6 | 26.3% |
| Total | 1,114 | 894 | 842 | 1,592 | 12.6% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Malaysia in 2022:
- Germany (115.0 tons)
- United Kingdom (20.3 tons)
- China (18.5 tons)
- Australia (18.2 tons)
- Kazakhstan (18.0 tons)
- United States (14.5 tons)
- Japan (9.0 tons)
- Taiwan (Chinese) (5.2 tons)
- South Korea (1.3 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia
After two years of decline, overseas shipments of chromium oxides and hydroxides; excluding chromium trioxides increased by 908% to 11 tons in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides surged to $64K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 18.9 | 8.4 | 4.3 | 54.9 | 42.7% |
| Indonesia | N/A | N/A | 2.2 | 5.4 | 145.5% |
| Australia | N/A | N/A | N/A | 1.8 | 0% |
| Thailand | N/A | N/A | N/A | 1.8 | 0% |
| Germany | N/A | 2.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.9 | 10.5 | 6.5 | 63.9 | 50.1% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Malaysia in 2022:
- Singapore (6.2 tons)
- Australia (2.5 tons)
- Indonesia (1.5 tons)
- Thailand (0.9 tons)
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