Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg (CIF) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $7,936 per ton in 2022, approximately reflecting the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25%. Over the period under review, average import prices hit record highs at $71,500 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($8,596 per ton), while the price for Spain ($7,637 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $7,931 per ton, waning by -16.8% against the previous year. Over the period under review, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 42% against the previous year. The export price peaked at $45,333 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($8,350 per ton), while the average price for exports to Italy ($7,679 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 Thailand (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg
In 2022, imports of chromium oxides and hydroxides; excluding chromium trioxides into Luxembourg dropped dramatically to 13 tons, waning by -60.2% compared with the previous year's figure. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 3,031% against the previous year. As a result, imports attained the peak of 33 tons, and then plummeted in the following year.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides shrank notably to $104K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 3,129% against the previous year. As a result, imports attained the peak of $259K, and then contracted markedly in the following year.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.3 | N/A | 55.0 | 68.5 | 110.9% |
| Italy | 16.8 | N/A | 24.0 | 34.5 | 27.1% |
| Germany | 7.1 | 7.5 | 180 | N/A | 403.5% |
| Others | 4.1 | 0.5 | N/A | 0.8 | -42.0% |
| Total | 35.3 | 8.0 | 259 | 104 | 43.4% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Luxembourg in 2022:
- Spain (9.0 tons)
- Italy (4.0 tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg
In 2022, approx. 6.3 tons of chromium oxides and hydroxides; excluding chromium trioxides were exported from Luxembourg; with a decrease of -44.8% compared with 2021 figures. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 7,567% against the previous year. As a result, the exports reached the peak of 12 tons, and then reduced sharply in the following year.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides dropped significantly to $50K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 6,766%. As a result, the exports attained the peak of $110K, and then declined notably in the following year.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 91.7 | 26.6 | -71.0% |
| United Kingdom | N/A | 1.6 | N/A | 15.5 | 211.2% |
| Thailand | 14.9 | N/A | 15.8 | 8.0 | -18.7% |
| Others | 0.2 | N/A | 2.1 | 0.1 | -20.6% |
| Total | 15.1 | 1.6 | 110 | 50.3 | 49.3% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Luxembourg in 2022:
- Italy (3.5 tons)
- United Kingdom (1.9 tons)
- Thailand (1.0 tons)
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