Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia - 2022
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia (FOB) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $3,706 per ton in 2022, growing by 5.7% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 31%. The export price peaked at $4,660 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($3,876 per ton) and Italy ($3,802 per ton), while the average price for exports to Spain ($3,655 per ton) and Poland ($3,705 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.7%), while the prices for the other major destinations experienced a decline.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $4,618 per ton in 2022, increasing by 19% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The import price peaked at $6,814 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,212 per ton), while the price for Kazakhstan ($2,557 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia
In 2022, exports of chromium oxides and hydroxides; excluding chromium trioxides from Russia shrank to 6.2K tons, dropping by -7.3% on the year before. Overall, exports saw a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 28%.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides fell modestly to $23M in 2022. Over the period under review, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +63.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, the exports attained the peak of $23M, and then shrank in the following year.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.5 | 5.4 | 10.1 | 10.8 | 25.2% |
| Mexico | N/A | 0.4 | 1.2 | 3.3 | 187.2% |
| Poland | 0.6 | 1.1 | 1.7 | 3.3 | 76.5% |
| Vietnam | 0.3 | 0.2 | 0.3 | 2.2 | 94.3% |
| Turkey | 0.5 | 0.8 | 1.0 | 1.1 | 30.1% |
| Italy | 2.0 | 1.4 | 2.8 | 1.1 | -18.1% |
| South Korea | 0.2 | 0.2 | 0.3 | 1.1 | 76.5% |
| Japan | 1.2 | 0.8 | 1.9 | N/A | 25.8% |
| China | 8.8 | 2.6 | 0.6 | N/A | -73.9% |
| Others | 2.5 | 1.2 | 3.5 | N/A | 18.3% |
| Total | 21.7 | 14.0 | 23.4 | 23.0 | 2.0% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Russia in 2022:
- Spain (2941.5 tons)
- Poland (897.2 tons)
- Mexico (882.4 tons)
- Vietnam (588.3 tons)
- Turkey (294.1 tons)
- Italy (294.1 tons)
- South Korea (294.1 tons)
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia
In 2022, approx. 1.7K tons of chromium oxides and hydroxides; excluding chromium trioxides were imported into Russia; jumping by 30% against the previous year. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +61.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides soared to $7.9M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.2 | 1.4 | 2.1 | 4.0 | 22.1% |
| Kazakhstan | 1.1 | 0.9 | 1.3 | 1.4 | 8.4% |
| Germany | 0.5 | 0.6 | 1.4 | 1.1 | 30.1% |
| Canada | N/A | 0.1 | 0.1 | 1.0 | 216.2% |
| China | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 4.2 | 3.6 | 5.1 | 7.9 | 23.4% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Russia in 2022:
- Estonia (735.5 tons)
- Kazakhstan (551.6 tons)
- Canada (220.7 tons)
- Germany (156.6 tons)
- China (38.0 tons)
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