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

Contents:

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

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

In September 2023, the average import price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $6,076 per ton, with an increase of 3.9% against the previous month. Overall, the import price, however, showed a abrupt decline. The pace of growth appeared the most rapid in December 2022 an increase of 95% m-o-m. Over the period under review, average import prices hit record highs at $30,492 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($17,150 per ton), while the price for China ($5,038 per ton) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In October 2023, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $27,568 per ton, picking up by 299% against the previous month. In general, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the UK ($29,250 per ton), while the average price for exports to Saudi Arabia amounted to $16,563 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the Netherlands

Imports of chromium oxides and hydroxides; excluding chromium trioxides into the Netherlands declined remarkably to 795 tons in 2022, waning by -21.9% against 2021. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of 1K tons, and then declined sharply in the following year.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides contracted modestly to $5.6M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +47.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $5.7M, and then dropped in the following year.

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

1. China (525.1 tons)
2. Germany (105.8 tons)
3. Belgium (85.4 tons)
4. United States (37.6 tons)
5. United Kingdom (16.2 tons)
6. France (0.6 tons)

Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the Netherlands

Exports of chromium oxides and hydroxides; excluding chromium trioxides from the Netherlands contracted sharply to 545 tons in 2022, with a decrease of -30.5% on 2021. Overall, exports continue to indicate a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of 785 tons, and then contracted sharply in the following year.

In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides declined markedly to $4.5M in 2022. In general, total exports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $6.1M, and then reduced sharply in the following year.

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

1. Germany (372.4 tons)
2. United Kingdom (43.1 tons)
3. France (33.2 tons)
4. Belgium (26.4 tons)
5. Finland (16.4 tons)
6. Italy (9.9 tons)

Source: IndexBox Market Intelligence Platform