Price for Chromium Oxides and Hydroxides in Estonia - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Estonia (FOB) - 2022
- Price for Chromium Oxides and Hydroxides in Estonia (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides in Estonia
- Imports of Chromium Oxides and Hydroxides in Estonia
Price for Chromium Oxides and Hydroxides in Estonia (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $4,180 per ton in 2022, increasing by 45% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 export price increased by +76.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 83%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,900 per ton), while the average price for exports to Russia ($2,489 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 Germany (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Estonia (CIF) - 2022
The average chromium oxides and hydroxides import price stood at $2,677 per ton in 2022, reducing by -7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 34%. The import price peaked at $2,878 per ton in 2021, and then declined in the following year.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +0.1% per year.
Exports of Chromium Oxides and Hydroxides in Estonia
Chromium oxides and hydroxides exports from Estonia dropped to 598 tons in 2022, which is down by -10.5% on the previous year. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 306% against the previous year.
In value terms, chromium oxides and hydroxides exports soared to $2.5M in 2022. Overall, exports saw a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 301% against the previous year.
| Export of Chromium Oxides and Hydroxides in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 665 | 73.2 | 295 | 1,370 | 27.2% |
| Italy | 273 | N/A | 167 | 441 | 17.3% |
| Spain | N/A | 60.3 | 405 | 278 | 114.7% |
| Denmark | N/A | N/A | N/A | 159 | 0% |
| Russia | 1,458 | 322 | 751 | 149 | -53.2% |
| Ukraine | 188 | 18.7 | 20.2 | 45.0 | -37.9% |
| Poland | 57.1 | 5.7 | 285 | 11.3 | -41.7% |
| Others | 8.7 | N/A | 1.5 | 45.6 | 73.7% |
| Total | 2,649 | 480 | 1,924 | 2,499 | -1.9% |
Top Export Markets for Chromium Oxides and Hydroxides from Estonia in 2022:
- Germany (279.6 tons)
- Italy (118.8 tons)
- Spain (72.0 tons)
- Russia (60.0 tons)
- Denmark (39.6 tons)
- Ukraine (18.0 tons)
- Poland (2.0 tons)
Imports of Chromium Oxides and Hydroxides in Estonia
In 2022, the amount of chromium oxides and hydroxideses imported into Estonia surged to 39K tons, rising by 7,691% compared with the previous year. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides imports soared to $104M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 31.1 | 0.8 | 1.4 | 104 | 49.5% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 31.2 | 0.8 | 1.4 | 104 | 49.4% |
Top Suppliers of Chromium Oxides and Hydroxides to Estonia in 2022:
- Kazakhstan (38.9K tons)
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