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

Contents:

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

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

In November 2023, the average export price for chromium and articles thereof; wrought other than waste and scrap amounted to $74,755 per ton, which is down by -5.1% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 57% m-o-m. As a result, the export price reached the peak level of $126K per ton. From June 2023 to November 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($257K per ton), while the average price for exports to the UK stood at $16,898 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.2%).

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

In 2022, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $15,485 per ton, rising by 13% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $19,668 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17,253 per ton), while the price for France ($7,352 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 (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of chromium and articles thereof; wrought other than waste and scrap from Ireland was estimated at 164 tons, approximately mirroring the previous year's figure. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 689% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of chromium and articles thereof; wrought other than waste and scrap surged to $8.6M in 2022. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 155%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. United Kingdom (133.1 tons)
2. China (30.3 tons)

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

Imports of chromium and articles thereof; wrought other than waste and scrap into Ireland contracted to 161 tons in 2022, flattening at the year before. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 236% against the previous year. As a result, imports attained the peak of 162 tons, leveling off in the following year.

In value terms, imports of chromium and articles thereof; wrought other than waste and scrap expanded markedly to $2.5M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 343%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. United Kingdom (118.2 tons)
2. China (25.8 tons)
3. United States (10.7 tons)
4. France (5.0 tons)

Source: IndexBox Market Intelligence Platform