Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK (CIF) - 2023
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK (CIF) - 2023
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $3,910 per ton in November 2023, dropping by -2.9% against the previous month. In general, the import price saw a noticeable setback. The growth pace was the most rapid in March 2023 when the average import price increased by 5.6% against the previous month. The import price peaked at $5,128 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($11,463 per ton), while the price for Kazakhstan ($3,702 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced a decline.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK (FOB) - 2022
In 2022, the average export price for chromium oxides and hydroxides; excluding chromium trioxides amounted to $8,979 per ton, surging by 28% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chromium oxides and hydroxides; excluding chromium trioxides increased by +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 55% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($15,316 per ton), while the average price for exports to Nigeria ($4,230 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 Singapore (+16.6%), 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 UK
Imports of chromium oxides and hydroxides; excluding chromium trioxides into the UK skyrocketed to 17K tons in 2022, rising by 49% against the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.2% 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 +52.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides soared to $89M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 39.9 | 23.4 | 30.5 | 72.8 | 22.2% |
| United States | 7.4 | 4.2 | 3.4 | 7.7 | 1.3% |
| China | N/A | 0.1 | 1.1 | 7.3 | 754.4% |
| Others | 1.4 | 1.6 | 0.8 | 0.9 | -13.7% |
| Total | 48.7 | 29.3 | 35.7 | 88.6 | 22.1% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to the UK in 2022:
- Kazakhstan (12.9K tons)
- United States (2.7K tons)
- China (1.5K tons)
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK
In 2022, exports of chromium oxides and hydroxides; excluding chromium trioxides from the UK rose sharply to 125 tons, increasing by 7.9% against the year before. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. As a result, the exports attained the peak of 141 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides skyrocketed to $1.1M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 330 | 270 | 566 | 642 | 24.8% |
| Netherlands | 57.4 | 39.2 | 29.4 | 178 | 45.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 58.0 | 0% |
| Singapore | N/A | N/A | 3.6 | 37.5 | 941.7% |
| Gabon | 9.1 | 17.0 | 12.6 | 26.7 | 43.2% |
| Belgium | 198 | 100 | 8.4 | 25.9 | -49.2% |
| Egypt | N/A | N/A | N/A | 22.4 | 0% |
| Switzerland | 81.4 | 57.5 | N/A | 12.3 | -46.7% |
| Nigeria | N/A | N/A | N/A | 12.2 | 0% |
| France | 25.4 | 56.3 | 48.0 | 2.6 | -53.2% |
| India | N/A | N/A | 67.8 | 2.3 | -96.6% |
| Estonia | N/A | 45.0 | N/A | N/A | 0% |
| Others | 93.1 | 197 | 72.8 | 99.4 | 2.2% |
| Total | 795 | 782 | 809 | 1,118 | 12.0% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from the UK in 2022:
- Germany (77.2 tons)
- Netherlands (14.9 tons)
- Taiwan (Chinese) (8.0 tons)
- Belgium (4.6 tons)
- Egypt (3.0 tons)
- Nigeria (2.9 tons)
- Singapore (2.4 tons)
- Gabon (2.0 tons)
- Switzerland (0.7 tons)
- India (0.4 tons)
- France (0.3 tons)
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