Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $9,765 per ton in 2022, jumping by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the UK ($53,500 per ton), while the price for Spain ($8,627 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 (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $7,231 per ton in 2022, which is down by -24.7% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27% against the previous year. As a result, the export price reached the peak level of $12,876 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 Sweden ($11,609 per ton), while the average price for exports to Turkey ($4,776 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark
In 2022, supplies from abroad of chromium oxides and hydroxides; excluding chromium trioxides decreased by -9.1% to 25 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 decreased by -28.2% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 81%. As a result, imports attained the peak of 35 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides surged to $246K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +74.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 68%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 76.1 | 73.3 | 99.5 | 166 | 29.7% |
| Spain | 18.9 | 133 | 99.5 | 69.0 | 54.0% |
| Sweden | 3.8 | 3.5 | 5.2 | 9.2 | 34.3% |
| United Kingdom | 13.3 | 7.2 | N/A | 1.7 | -49.6% |
| Netherlands | 26.9 | 19.4 | 8.7 | N/A | -43.1% |
| Others | 2.0 | 0.4 | N/A | N/A | -80.0% |
| Total | 141 | 237 | 213 | 246 | 20.4% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Denmark in 2022:
- Germany (16.6 tons)
- Spain (8.0 tons)
- Sweden (0.6 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark
In 2022, the amount of chromium oxides and hydroxides; excluding chromium trioxides exported from Denmark skyrocketed to 5.2 tons, picking up by 24% on 2021 figures. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides declined to $37K in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 76%.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 14.8 | 0% |
| Sweden | 19.1 | 7.7 | 13.9 | 12.2 | -13.9% |
| Germany | 7.8 | N/A | 16.9 | 10.0 | 8.6% |
| Norway | 16.6 | 15.0 | 9.0 | N/A | -26.4% |
| Others | 0.2 | N/A | N/A | 0.2 | 0.0% |
| Total | 43.7 | 22.6 | 39.9 | 37.2 | -5.2% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Denmark in 2022:
- Turkey (3.1 tons)
- Sweden (1.1 tons)
- Germany (1.0 tons)
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