Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal (CIF) - 2022
In 2022, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $6,789 per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. As a result, import price attained the peak level of $6,841 per ton, leveling off in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($8,323 per ton), while the price for Italy ($5,244 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $7,509 per ton in 2022, surging by 4.4% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 310%. Over the period under review, the average export prices hit record highs at $21,498 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($7,515 per ton), while the average price for exports to the United Arab Emirates amounted to $7,270 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+106.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal
In 2022, purchases abroad of chromium oxides and hydroxides; excluding chromium trioxides was finally on the rise to reach 103 tons after two years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides skyrocketed to $700K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 507 | 401 | 448 | 532 | 1.6% |
| Germany | 37.5 | 45.7 | 47.5 | 102 | 39.6% |
| France | 8.7 | 4.3 | 7.2 | 40.1 | 66.4% |
| Italy | N/A | N/A | N/A | 10.5 | 0% |
| Others | 19.8 | 8.4 | 19.4 | 15.1 | -8.6% |
| Total | 573 | 459 | 522 | 700 | 6.9% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Portugal in 2022:
- Spain (81.1 tons)
- Germany (13.6 tons)
- France (4.8 tons)
- Italy (2.0 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal
For the third year in a row, Portugal recorded decline in overseas shipments of chromium oxides and hydroxides; excluding chromium trioxides, which decreased by -50.1% to 1.5 tons in 2022. Overall, exports saw a sharp contraction.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides reduced markedly to $11K in 2022. In general, exports recorded a significant contraction. The smallest decline of -21.1% was in 2021.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 54.9 | 26.0 | 16.2 | 10.9 | -41.7% |
| United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
| Morocco | N/A | N/A | 2.1 | N/A | 0% |
| Egypt | 1.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.3 | 3.2 | N/A | 146.2% |
| Total | 56.6 | 27.3 | 21.5 | 11.2 | -41.7% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Portugal in 2022:
- Spain (1456.0 kg)
- United Arab Emirates (37.0 kg)
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