Price for Chromium Oxides and Hydroxides in Bangladesh - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Bangladesh (CIF) - 2022
- Imports of Chromium Oxides and Hydroxides in Bangladesh
Price for Chromium Oxides and Hydroxides in Bangladesh (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $4,482 per ton in 2022, picking up by 12% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium oxides and hydroxides import price increased by +58.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $5,790 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($7,027 per ton), while the price for Taiwan (Chinese) ($1,805 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Bangladesh
In 2022, the amount of chromium oxides and hydroxideses imported into Bangladesh rose significantly to 102 tons, growing by 8.7% compared with 2021 figures. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 111% against the previous year. As a result, imports attained the peak of 107 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, chromium oxides and hydroxides imports soared to $458K in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Chromium Oxides and Hydroxides in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.8 | 44.5 | 19.6 | 168 | 80.0% |
| Malaysia | 63.3 | 67.7 | 93.0 | 108 | 19.5% |
| India | 63.5 | 124 | 92.0 | 89.9 | 12.3% |
| Italy | 27.7 | 43.2 | 73.0 | 48.7 | 20.7% |
| Japan | 6.4 | 4.0 | 5.8 | 25.5 | 58.5% |
| Russia | N/A | N/A | 65.1 | N/A | 0% |
| Others | 8.3 | 17.9 | 26.0 | 17.3 | 27.7% |
| Total | 198 | 302 | 375 | 458 | 32.3% |
Top Suppliers of Chromium Oxides and Hydroxides to Bangladesh in 2022:
- China (45.9 tons)
- India (21.8 tons)
- Malaysia (20.0 tons)
- Italy (8.1 tons)
- Japan (3.6 tons)
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