Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hungary - 2023

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hungary (CIF) - 2022
  2. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hungary

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hungary (CIF) - 2022

In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $6,855 per ton, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2014 an increase of 69% against the previous year. As a result, import price reached the peak level of $7,372 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 South Korea ($22,990 per ton), while the price for the Czech Republic ($5,597 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hungary

In 2022, the amount of chromium oxides and hydroxides; excluding chromium trioxides imported into Hungary dropped notably to 4.9 tons, reducing by -53.2% against 2021. Over the period under review, imports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2021 when imports increased by 24%.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides contracted dramatically to $34K in 2022. Overall, imports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 19%.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany13940.355.015.6-51.8%
Czech Republic5.94.45.38.412.5%
South KoreaN/AN/AN/A4.60%
Austria0.71.2N/A3.977.3%
SpainN/AN/AN/A0.90%
Belgium24.9N/A0.1N/A-93.7%
United Kingdom10.45.30.1N/A-90.2%
Others1.5N/A0.30.2-48.9%
Total18251.260.733.7-43.0%

Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Hungary in 2022:

  1. Germany (2600.0 kg)
  2. Czech Republic (1500.0 kg)
  3. Austria (450.0 kg)
  4. South Korea (200.0 kg)
  5. Spain (150.0 kg)
  6. Belgium (1.0 kg)

Source: IndexBox Market Intelligence Platform

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