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

Contents:

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

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

In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $11,315 per ton, surging by 39% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $11,488 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($14,067 per ton), while the price for Spain ($9,624 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $34,233 per ton in 2022, growing by 141% against the previous year. Overall, the export price saw a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($42,261 per ton), while the average price for exports to Ireland totaled $7,857 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of chromium and articles thereof; wrought other than waste and scrap imported into Hungary shrank to 171 tons, which is down by -10.1% against the year before. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.1% 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 +39.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of 191 tons, and then fell in the following year.

In value terms, imports of chromium and articles thereof; wrought other than waste and scrap soared to $1.9M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 +105.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. Germany (79.9 tons)
2. Spain (73.1 tons)
3. Italy (12.9 tons)

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

In 2022, exports of chromium and articles thereof; wrought other than waste and scrap from Hungary skyrocketed to 30 kg, with an increase of 67% against the year before. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 450% against the previous year. As a result, the exports attained the peak of 132 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of chromium and articles thereof; wrought other than waste and scrap surged to $1K in 2022. Over the period under review, exports enjoyed a significant expansion.

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

1. Italy (23.0 kg)
2. Ireland (7.0 kg)

Source: IndexBox Market Intelligence Platform