Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $10,763 per ton in 2022, picking up by 32% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chromium oxides and hydroxides; excluding chromium trioxides increased by +77.9% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 34%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +0.9% per year.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $13,013 per ton, approximately reflecting the previous year. Overall, the export price saw measured growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 61%. The export price peaked at $443,333 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
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 Kazakhstan ($51,571 per ton), while the average price for exports to Estonia stood at $9,101 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+0.6%).
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia
After three years of growth, overseas purchases of chromium oxides and hydroxides; excluding chromium trioxides decreased by -90.4% to 287 kg in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 455%.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides declined dramatically to $3.1K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 335%.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | 0.8 | 2.4 | 200.0% |
| Sweden | N/A | N/A | 17.9 | N/A | 0% |
| Finland | 1.5 | 5.4 | 3.7 | N/A | 57.1% |
| Poland | N/A | 1.2 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 2.0 | 0.7 | 164.6% |
| Total | 1.5 | 6.7 | 24.4 | 3.1 | 27.4% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Latvia in 2022:
- Estonia (284.0 kg)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia
In 2022, overseas shipments of chromium oxides and hydroxides; excluding chromium trioxides decreased by 0% to 76 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,600%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides surged to $989 in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | N/A | 628 | 0% |
| Kazakhstan | N/A | N/A | N/A | 361 | 0% |
| Russia | N/A | 92.0 | N/A | N/A | 0% |
| Others | 4.0 | N/A | 7.0 | N/A | 32.3% |
| Total | 4.0 | 92.0 | 7.0 | 989 | 527.6% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Latvia in 2022:
- Estonia (69.0 kg)
- Kazakhstan (7.0 kg)
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