Price for Chromium Oxides and Hydroxides in Romania - 2023

Contents:

1. Price for Chromium Oxides and Hydroxides in Romania (CIF) - 2023
2. Price for Chromium Oxides and Hydroxides in Romania (FOB) - 2022
3. Imports of Chromium Oxides and Hydroxides in Romania
4. Exports of Chromium Oxides and Hydroxides in Romania

Price for Chromium Oxides and Hydroxides in Romania (CIF) - 2023

The average chromium oxides and hydroxides import price stood at $4,834 per ton in July 2023, waning by -3.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in September 2022 an increase of 18% month-to-month. Over the period under review, average import prices reached the maximum at $5,003 per ton in June 2023, and then declined modestly in the following month.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($6,246 per ton), while the price for Italy totaled $4,801 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Africa (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chromium Oxides and Hydroxides in Romania (FOB) - 2022

In 2022, the average chromium oxides and hydroxides export price amounted to $6,630 per ton, dropping by -30.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 633% against the previous year. As a result, the export price reached the peak level of $21,036 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,713 per ton), while the average price for exports to Bulgaria stood at $6,461 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chromium Oxides and Hydroxides in Romania

In 2022, approx. 904 tons of chromium oxides and hydroxideses were imported into Romania; approximately reflecting 2021. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 134% against the previous year. As a result, imports attained the peak of 913 tons, and then dropped in the following year.

In value terms, chromium oxides and hydroxides imports totaled $3.3M in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Chromium Oxides and Hydroxides to Romania in 2022:

1. Italy (469.2 tons)
2. Belgium (184.1 tons)
3. United Kingdom (103.1 tons)
4. South Africa (90.0 tons)
5. Germany (43.0 tons)

Exports of Chromium Oxides and Hydroxides in Romania

In 2022, after two years of decline, there was significant growth in overseas shipments of chromium oxides and hydroxideses, when their volume increased by 5,538% to 3 tons. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chromium oxides and hydroxides exports soared to $20K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chromium Oxides and Hydroxides from Romania in 2022:

1. United States (2.0 tons)
2. Bulgaria (1.0 tons)

Source: IndexBox Market Intelligence Platform