China: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in China

In 2022, the Chinese market for chromium, manganese, lead and copper oxides and hydroxides was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in China

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from China

In 2022, after two years of growth, there was significant decline in overseas shipments of chromium, manganese, lead and copper oxides and hydroxides, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 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 X% against the previous year. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides surged to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Singapore (X tons), Indonesia (X tons) and India (X tons) were the main destinations of exports of chromium, manganese, lead and copper oxides and hydroxides from China, together accounting for X% of total exports. Germany, Vietnam, Thailand, South Korea, Japan, Taiwan (Chinese), Malaysia, Belgium, Brazil and New Zealand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and India ($X) constituted the largest markets for chromium, manganese, lead and copper oxide and hydroxide exported from China worldwide, with a combined X% share of total exports. Germany, Vietnam, Thailand, South Korea, Japan, Taiwan (Chinese), Malaysia, New Zealand, Brazil and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Belgium ($X 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into China

In 2022, the amount of chromium, manganese, lead and copper oxides and hydroxides imported into China declined to X tons, waning by X% on 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Norway (X tons) constituted the largest chromium, manganese, lead and copper oxide and hydroxide supplier to China, accounting for a X% share of total imports. Moreover, imports of chromium, manganese, lead and copper oxides and hydroxides from Norway exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, the largest chromium, manganese, lead and copper oxide and hydroxide suppliers to China were Norway ($X), the United States ($X) and Germany ($X), together comprising X% of total imports. Vietnam, South Africa, Japan, Taiwan (Chinese), Turkey, Malaysia, Gabon, Kazakhstan and South Korea lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for chromium, manganese, lead and copper oxides and hydroxides amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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