Price for Chromium Oxides and Hydroxides in Italy - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Italy (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Italy (FOB) - 2023
- Imports of Chromium Oxides and Hydroxides in Italy
- Exports of Chromium Oxides and Hydroxides in Italy
Price for Chromium Oxides and Hydroxides in Italy (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $3,740 per ton, surging by 10% against the previous year. In general, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $4,508 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Spain ($5,141 per ton), while the price for Turkey ($2,963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Oxides and Hydroxides in Italy (FOB) - 2023
The average chromium oxides and hydroxides export price stood at $2,403 per ton in August 2023, reducing by -31.5% against the previous month. In general, the export price recorded a noticeable slump. The growth pace was the most rapid in December 2022 an increase of 131% m-o-m. The export price peaked at $6,290 per ton in March 2023; however, from April 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($5,509 per ton), while the average price for exports to Morocco ($1,904 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Italy
Chromium oxides and hydroxides imports into Italy reduced to 4.3K tons in 2022, waning by -12.6% on the year before. In general, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 +49.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of 4.9K tons, and then fell in the following year.
In value terms, chromium oxides and hydroxides imports reduced to $16M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 +72.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 79%. As a result, imports reached the peak of $17M, and then declined slightly in the following year.
| Import of Chromium Oxides and Hydroxides in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.1 | 1.8 | 3.4 | 5.0 | 33.5% |
| Spain | 1.3 | 1.5 | 4.1 | 3.7 | 41.7% |
| United States | 2.0 | 1.5 | 2.1 | 2.8 | 11.9% |
| Russia | 2.4 | 1.4 | 3.0 | 1.5 | -14.5% |
| Germany | 3.3 | 1.0 | 1.5 | 1.3 | -26.7% |
| South Africa | 0.5 | 0.4 | 0.5 | 0.8 | 17.0% |
| France | 0.2 | 0.4 | 0.5 | 0.4 | 26.0% |
| Others | 1.0 | 1.1 | 1.6 | 0.5 | -20.6% |
| Total | 12.8 | 9.3 | 16.6 | 16.0 | 7.7% |
Top Suppliers of Chromium Oxides and Hydroxides to Italy in 2022:
- Turkey (1692.6 tons)
- United States (734.6 tons)
- Spain (712.2 tons)
- Germany (390.2 tons)
- Russia (332.0 tons)
- South Africa (234.0 tons)
- France (108.0 tons)
Exports of Chromium Oxides and Hydroxides in Italy
In 2022, approx. 756 tons of chromium oxides and hydroxideses were exported from Italy; picking up by 102% on 2021 figures. Overall, exports, however, recorded a noticeable downturn.
In value terms, chromium oxides and hydroxides exports skyrocketed to $2.7M in 2022. Over the period under review, exports, however, continue to indicate a mild decrease.
| Export of Chromium Oxides and Hydroxides in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 809 | 552 | 562 | 882 | 2.9% |
| Morocco | 102 | 23.5 | 50.4 | 663 | 86.6% |
| Croatia | 8.7 | 16.5 | 19.4 | 325 | 234.3% |
| Turkey | 4.0 | 43.8 | 73.8 | 239 | 290.9% |
| Poland | 711 | 200 | 218 | 204 | -34.0% |
| United Arab Emirates | 66.8 | 67.4 | 96.4 | 122 | 22.2% |
| France | 266 | 75.6 | 49.9 | 29.6 | -51.9% |
| India | 209 | 31.2 | N/A | N/A | -85.1% |
| Netherlands | 123 | 31.2 | 5.6 | N/A | -78.7% |
| Pakistan | 116 | N/A | N/A | N/A | 0% |
| Others | 459 | 201 | 438 | 267 | -16.5% |
| Total | 2,875 | 1,242 | 1,515 | 2,731 | -1.7% |
Top Export Markets for Chromium Oxides and Hydroxides from Italy in 2022:
- Morocco (363.6 tons)
- Germany (154.2 tons)
- Croatia (60.5 tons)
- United Arab Emirates (60.2 tons)
- Turkey (39.0 tons)
- Poland (32.4 tons)
- France (5.3 tons)
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