Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Nigeria - 2022

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Nigeria (CIF) - 2022
  2. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Nigeria

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Nigeria (CIF) - 2022

The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $4,121 per ton in 2022, picking up by 3.5% against the previous year. Over the period under review, the import price saw a modest increase. The growth pace was the most rapid in 2021 when the average import price increased by 55%. The import price peaked at $5,618 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($5,400 per ton), while the price for China stood at $4,119 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Nigeria

In 2022, after two years of decline, there was significant growth in supplies from abroad of chromium oxides and hydroxides; excluding chromium trioxides, when their volume increased by 187% to 6 tons. In general, imports, however, showed a sharp slump.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides soared to $25K in 2022. Overall, imports, however, continue to indicate a sharp setback.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.63.00.824.574.6%
Germany3.00.5N/A0.1-67.8%
India8.73.20.4N/A-78.6%
South Africa24.815.94.3N/A-58.4%
Turkey14.69.12.4N/A-59.5%
Others1.91.30.4N/A-54.1%
Total57.432.98.324.6-24.6%

Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Nigeria in 2022:

  1. China (6.0 tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Chromium oxides and hydroxides; excluding chromium trioxide - Nigeria