Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany - 2023

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany (FOB) - 2023
  2. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany (CIF) - 2023
  3. Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany
  4. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany (FOB) - 2023

The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $6,763 per ton in September 2023, declining by -7.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 17% m-o-m. Over the period under review, the average export prices hit record highs at $9,870 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Switzerland ($14,045 per ton), while the average price for exports to Italy ($4,837 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany (CIF) - 2023

The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $5,776 per ton in October 2023, which is down by -2.1% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 26% m-o-m. As a result, import price reached the peak level of $9,358 per ton. From January 2023 to October 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($27,370 per ton), while the price for Russia ($4,007 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany

After two years of decline, overseas shipments of chromium oxides and hydroxides; excluding chromium trioxides decreased by 0% to 6K tons in 2022. In general, exports continue to indicate a abrupt descent. The smallest decline of 99.9% was in 2020.

In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides stood at $45M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.9N/AN/A7.00.5%
Spain6.8N/AN/A6.90.5%
Poland0.7N/AN/A3.977.3%
France1.5N/AN/A3.026.0%
Italy4.2N/AN/A2.8-12.6%
Austria1.5N/AN/A2.721.6%
Japan1.8N/AN/A2.03.6%
Turkey1.7N/AN/A1.5-4.1%
Brazil1.3N/AN/A1.30.0%
Malaysia0.5N/AN/A1.337.5%
Netherlands1.1N/AN/A1.22.9%
India2.1N/AN/A1.2-17.0%
Australia0.8N/AN/A0.94.0%
Others13.0N/AN/A9.5-9.9%
Total43.9N/AN/A45.21.0%

Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Germany in 2022:

  1. Spain (1294.1 tons)
  2. United States (714.7 tons)
  3. Poland (632.9 tons)
  4. Italy (437.4 tons)
  5. Austria (434.6 tons)
  6. France (400.9 tons)
  7. Turkey (233.0 tons)
  8. Japan (199.0 tons)
  9. Brazil (164.8 tons)
  10. India (143.8 tons)
  11. Australia (124.4 tons)
  12. Malaysia (124.0 tons)
  13. Netherlands (115.0 tons)

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany

Imports of chromium oxides and hydroxides; excluding chromium trioxides into Germany rose remarkably to 3.6K tons in 2022, increasing by 7.9% on 2021. Over the period under review, imports saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 84%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides soared to $22M in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 105%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Germany (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A0.12.63.9524.5%
Kazakhstan3.31.72.53.73.9%
United States1.81.93.23.626.0%
India0.50.71.93.081.7%
China1.90.23.22.712.4%
Russia0.60.51.42.254.2%
Spain0.30.20.71.674.7%
Italy0.60.50.30.60.0%
United Kingdom1.51.80.40.1-59.5%
Others0.90.70.60.7-8.0%
Total11.48.216.822.124.7%

Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Germany in 2022:

  1. India (570.6 tons)
  2. Kazakhstan (567.7 tons)
  3. United States (565.5 tons)
  4. Netherlands (550.4 tons)
  5. Russia (439.8 tons)
  6. China (387.5 tons)
  7. Spain (316.9 tons)
  8. Italy (118.5 tons)
  9. United Kingdom (13.5 tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Chromium oxides and hydroxides; excluding chromium trioxide - Germany