Chromium Trioxide Price in Belgium - 2023

Chromium Trioxide Price in Belgium (FOB) - 2022

The average chromium trioxide export price stood at $5,006 per ton in 2022, increasing by 7% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium trioxide export price increased by +62.9% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,025 per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($22,658 per ton), while the average price for exports to Romania ($3,358 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 the UK (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chromium Trioxide Price in Belgium (CIF) - 2022

In 2022, the average chromium trioxide import price amounted to $3,348 per ton, surging by 29% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $3,802 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 the Netherlands ($8,242 per ton), while the price for South Africa ($3,078 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the prices for the other major suppliers experienced a decline.

Chromium Trioxide Exports in Belgium

In 2022, overseas shipments of chromium trioxides decreased by -5.6% to 282 tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 392% against the previous year. As a result, the exports reached the peak of 357 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chromium trioxide exports reached $1.4M in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 354%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Chromium Trioxide in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	71.5	270	538	628	106.3%
Germany	56.4	296	255	175	45.9%
Netherlands	41.8	200	162	162	57.1%
Hungary	6.6	118	49.5	109	154.7%
France	32.2	66.4	19.4	31.8	-0.4%
Spain	8.8	35.4	0.2	0.2	-71.7%
Others	24.2	109	375	307	133.2%
Total	241	1,095	1,399	1,413	80.3%

Top Export Markets for Chromium Trioxide from Belgium in 2022:

Spain (undefined tons)
Romania (187.0 tons)
Germany (37.5 tons)
Netherlands (33.2 tons)
Hungary (16.5 tons)
France (5.7 tons)

Chromium Trioxide Imports in Belgium

In 2022, the amount of chromium trioxides imported into Belgium soared to 332 tons, surging by 23% compared with the previous year. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 530%. As a result, imports attained the peak of 379 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, chromium trioxide imports soared to $1.1M in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 485% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.