Price for Chromium Oxides and Hydroxides in Germany - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Germany (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Germany (FOB) - 2023
- Imports of Chromium Oxides and Hydroxides in Germany
- Exports of Chromium Oxides and Hydroxides in Germany
Price for Chromium Oxides and Hydroxides in Germany (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $4,363 per ton, picking up by 28% against the previous year. Overall, the import price saw a relatively flat trend pattern. 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 ($8,186 per ton), while the price for Italy ($2,632 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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Germany (FOB) - 2023
In August 2023, the average chromium oxides and hydroxides export price amounted to $6,824 per ton, growing by 2.9% against the previous month. Overall, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices hit record highs at $8,001 per ton in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Brazil ($16,934 per ton), while the average price for exports to Australia ($5,037 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Germany
In 2022, imports of chromium oxides and hydroxideses into Germany reduced to 10K tons, declining by -2.1% on 2021. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
In value terms, chromium oxides and hydroxides imports skyrocketed to $44M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +78.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Chromium Oxides and Hydroxides in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 17.1 | 12.0 | 13.2 | 18.7 | 3.0% |
| United States | 2.7 | 4.1 | 5.0 | 4.4 | 17.7% |
| China | 2.0 | 0.7 | 3.6 | 3.7 | 22.8% |
| Netherlands | N/A | 0.1 | 2.5 | 3.6 | 500.0% |
| India | 0.5 | 0.7 | 2.0 | 3.2 | 85.7% |
| Russia | 2.0 | 1.4 | 2.2 | 3.0 | 14.5% |
| Turkey | 3.3 | 1.2 | 2.7 | 2.5 | -8.8% |
| South Africa | 2.5 | 1.5 | 1.7 | 2.1 | -5.6% |
| Italy | 0.6 | 0.5 | 0.2 | 1.7 | 41.5% |
| United Kingdom | 1.5 | 1.3 | 0.5 | 0.2 | -48.9% |
| Others | 1.3 | 1.0 | 1.2 | 0.7 | -18.6% |
| Total | 33.6 | 24.4 | 34.8 | 43.7 | 9.2% |
Top Suppliers of Chromium Oxides and Hydroxides to Germany in 2022:
- Kazakhstan (4853.4 tons)
- United States (760.5 tons)
- Turkey (707.2 tons)
- Russia (657.3 tons)
- Italy (633.8 tons)
- India (601.1 tons)
- South Africa (583.5 tons)
- China (548.5 tons)
- Netherlands (528.9 tons)
- United Kingdom (18.5 tons)
Exports of Chromium Oxides and Hydroxides in Germany
In 2022, approx. 14K tons of chromium oxides and hydroxideses were exported from Germany; with an increase of 493% on 2021. Over the period under review, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides exports soared to $64M in 2022. Overall, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Chromium Oxides and Hydroxides in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.9 | 1.0 | 1.1 | 11.2 | 17.5% |
| Spain | 9.8 | 1.5 | 1.0 | 7.2 | -9.8% |
| Poland | 1.7 | 0.3 | 0.3 | 4.5 | 38.3% |
| France | 2.8 | 0.5 | 0.7 | 4.5 | 17.1% |
| Italy | 4.6 | 0.5 | 0.6 | 3.4 | -9.6% |
| Austria | 1.7 | 0.3 | 0.3 | 2.8 | 18.1% |
| Japan | 1.8 | 0.2 | 0.3 | 2.8 | 15.9% |
| Turkey | 1.8 | 0.3 | 0.3 | 2.4 | 10.1% |
| Netherlands | 1.7 | 0.2 | 0.3 | 2.4 | 12.2% |
| Brazil | 1.4 | 0.2 | 0.2 | 2.2 | 16.3% |
| India | 2.1 | 0.5 | 0.3 | 2.1 | 0.0% |
| Malaysia | 0.5 | 0.1 | 0.1 | 1.6 | 47.4% |
| Czech Republic | 1.0 | 0.1 | 0.2 | 1.2 | 6.3% |
| Others | 16.2 | 2.2 | 3.1 | 15.8 | -0.8% |
| Total | 54.0 | 7.9 | 8.6 | 64.3 | 6.0% |
Top Export Markets for Chromium Oxides and Hydroxides from Germany in 2022:
- United States (2.9K tons)
- Spain (1.4K tons)
- Austria (1.1K tons)
- Italy (0.8K tons)
- Poland (0.8K tons)
- France (0.8K tons)
- Japan (0.8K tons)
- Brazil (0.6K tons)
- Netherlands (0.5K tons)
- Malaysia (0.5K tons)
- Turkey (0.4K tons)
- Czech Republic (0.3K tons)
- India (0.3K tons)
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