Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium (FOB) - 2023
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $6,688 per ton in 2022, with an increase of 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($10,285 per ton), while the price for the UK ($5,591 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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium (FOB) - 2023
In October 2023, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $11,171 per ton, jumping by 44% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 51% month-to-month. The export price peaked at $12,138 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Thailand ($27,649 per ton), while the average price for exports to Turkey totaled $10,391 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium
In 2022, after three years of growth, there was significant decline in supplies from abroad of chromium oxides and hydroxides; excluding chromium trioxides, when their volume decreased by -42.1% to 249 tons. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports reached the peak of 429 tons, and then reduced sharply in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides shrank significantly to $1.7M in 2022. Overall, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of $2.4M, and then shrank rapidly in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 213 | 150 | 442 | 758 | 52.7% |
| Netherlands | 151 | 132 | 355 | 298 | 25.4% |
| Germany | 389 | 522 | 1,009 | 269 | -11.6% |
| Spain | 429 | 315 | 501 | 208 | -21.4% |
| United States | 0.1 | N/A | N/A | 58.8 | 737.8% |
| United Kingdom | 205 | 62.4 | 1.5 | 25.8 | -49.9% |
| Italy | 78.5 | 208 | 28.3 | 18.1 | -38.7% |
| Others | 18.6 | 14.8 | 103 | 28.8 | 15.7% |
| Total | 1,484 | 1,403 | 2,439 | 1,664 | 3.9% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Belgium in 2022:
- China (126.2 tons)
- Germany (47.2 tons)
- Netherlands (29.0 tons)
- Spain (28.2 tons)
- United States (7.0 tons)
- United Kingdom (4.6 tons)
- Italy (2.8 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium
Exports of chromium oxides and hydroxides; excluding chromium trioxides from Belgium skyrocketed to 124 tons in 2022, increasing by 28% against 2021 figures. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 79%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides surged to $1M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +27.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 122 | 134 | 260 | 401 | 48.7% |
| Netherlands | 60.7 | 25.1 | 42.2 | 135 | 30.5% |
| France | 19.4 | 104 | 82.3 | 114 | 80.5% |
| Italy | 177 | 85.9 | 110 | 105 | -16.0% |
| South Korea | N/A | 37.7 | 47.2 | 45.2 | 9.5% |
| Burundi | N/A | N/A | N/A | 31.2 | 0% |
| Poland | 1.3 | 135 | 5.1 | 28.8 | 180.9% |
| Hungary | 62.3 | 3.3 | 10.3 | 8.4 | -48.7% |
| Hong Kong SAR | N/A | N/A | 22.6 | N/A | 0% |
| Brazil | N/A | 48.5 | N/A | N/A | 0% |
| Others | 44.4 | 138 | 181 | 132 | 43.8% |
| Total | 487 | 711 | 760 | 1,001 | 27.1% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Belgium in 2022:
- Germany (59.8 tons)
- Netherlands (14.6 tons)
- France (14.6 tons)
- Italy (11.1 tons)
- Burundi (6.7 tons)
- Poland (4.1 tons)
- South Korea (2.3 tons)
- Hungary (1.1 tons)
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This report provides an in-depth analysis of the market for chromium, manganese, lead and copper oxide and hydroxide in Belgium.
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This report provides an in-depth analysis of the market for chromium, manganese, lead and copper oxide and hydroxide in Belgium.
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This report provides an in-depth analysis of the global market for chromium, manganese, lead and copper oxide and hydroxide.
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