Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam - 2022
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam (CIF) - 2022
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam (CIF) - 2022
In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $22,815 per ton, with an increase of 25% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chromium and articles thereof; wrought other than waste and scrap decreased by -2.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 96%. As a result, import price attained the peak level of $23,292 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
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 Russia ($44,982 per ton), while the price for Taiwan (Chinese) ($7,852 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+46.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam (FOB) - 2022
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $107,192 per ton in 2022, waning by -7.3% against the previous year. In general, the export price, however, showed a measured expansion. Over the period under review, the average export prices attained the maximum at $147,375 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2013 to 2022, the rate of growth in terms of prices for Japan amounted to +10.5% per year.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of chromium and articles thereof; wrought other than waste and scrap, when their volume decreased by -39.2% to 72 tons. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, imports reached the peak of 119 tons, and then shrank dramatically in the following year.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap contracted notably to $1.7M in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 118%. As a result, imports reached the peak of $2.2M, and then fell rapidly in the following year.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 219 | 204 | 739 | 477 | 29.6% |
| South Korea | 415 | 252 | 504 | 401 | -1.1% |
| Japan | 32.6 | 12.6 | 46.2 | 273 | 103.1% |
| Malaysia | N/A | 311 | 580 | 250 | -10.3% |
| Russia | 10.1 | 126 | 148 | 141 | 140.8% |
| Taiwan (Chinese) | 77.2 | 73.0 | 130 | 59.8 | -8.2% |
| United States | 0.7 | 2.8 | 5.0 | 42.3 | 292.4% |
| Others | 12.8 | 14.6 | 20.7 | 7.8 | -15.2% |
| Total | 768 | 996 | 2,174 | 1,652 | 29.1% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Vietnam in 2022:
- Japan (22.0 tons)
- China (18.7 tons)
- Malaysia (9.8 tons)
- South Korea (9.1 tons)
- Taiwan (Chinese) (7.6 tons)
- Russia (3.1 tons)
- United States (1.7 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam
After two years of growth, overseas shipments of chromium and articles thereof; wrought other than waste and scrap decreased by -99.1% to 26 kg in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 36,563%. As a result, the exports attained the peak of 2.9 tons, and then declined significantly in the following year.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap reduced sharply to $2.8K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 28,659% against the previous year. As a result, the exports attained the peak of $339K, and then shrank dramatically in the following year.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Japan | 1.1 | 335 | 2.8 | 59.5% | |
| Others | 0.1 | 4.1 | N/A | 4000.0% | |
| Total | 1.2 | 339 | 2.8 | 52.8% | |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Vietnam in 2022:
- Japan (26.0 kg)
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