Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany - 2023

Contents:

1. Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany (FOB) - 2023
2. Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany (CIF) - 2022
3. Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany
4. Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany

Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany (FOB) - 2023

The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $150K per ton in November 2023, declining by -7.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in August 2023 an increase of 55% m-o-m. As a result, the export price attained the peak level of $201K per ton. From September 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Japan ($237K per ton), while the average price for exports to Thailand ($103K per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany (CIF) - 2022

In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $51,307 per ton, which is down by -4.2% against the previous year. Overall, the import price, however, recorded a strong increase. The growth pace was the most rapid in 2016 an increase of 140%. The import price peaked at $55,807 per ton in 2018; however, from 2019 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 the UK ($266,006 per ton), while the price for Italy ($8,885 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany

In 2022, approx. 112 tons of chromium and articles thereof; wrought other than waste and scrap were exported from Germany; with an increase of 68% compared with the previous year's figure. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chromium and articles thereof; wrought other than waste and scrap soared to $13M in 2022. Overall, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +60.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from Germany in 2022:

1. United States (33.8 tons)
2. Austria (16.4 tons)
3. Netherlands (6.3 tons)
4. Slovakia (6.2 tons)
5. Japan (6.1 tons)
6. China (6.1 tons)
7. Thailand (5.0 tons)
8. Switzerland (4.1 tons)
9. Italy (4.0 tons)
10. India (3.6 tons)
11. France (3.4 tons)
12. Czech Republic (2.8 tons)
13. Mexico (2.8 tons)

Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in Germany

After three years of growth, purchases abroad of chromium and articles thereof; wrought other than waste and scrap decreased by -1.4% to 89 tons in 2022. The total import volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year.

In value terms, imports of chromium and articles thereof; wrought other than waste and scrap contracted to $4.5M in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $4.8M, and then dropped in the following year.

Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to Germany in 2022:

1. China (41.6 tons)
2. Switzerland (23.6 tons)
3. Netherlands (6.3 tons)
4. Russia (3.6 tons)
5. Belgium (2.6 tons)
6. Austria (2.4 tons)
7. Italy (2.0 tons)

Source: IndexBox Market Intelligence Platform