Price for Chromium Oxides and Hydroxides in Lithuania - 2023

Contents:

1. Price for Chromium Oxides and Hydroxides in Lithuania (CIF) - 2022
2. Price for Chromium Oxides and Hydroxides in Lithuania (FOB) - 2022
3. Imports of Chromium Oxides and Hydroxides in Lithuania
4. Exports of Chromium Oxides and Hydroxides in Lithuania

Price for Chromium Oxides and Hydroxides in Lithuania (CIF) - 2022

In 2022, the average chromium oxides and hydroxides import price amounted to $7,222 per ton, with an increase of 17% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium oxides and hydroxides import price increased by +45.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($8,217 per ton) and France ($7,142 per ton), while the price for Poland ($6,707 per ton) and the Czech Republic ($6,928 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chromium Oxides and Hydroxides in Lithuania (FOB) - 2022

The average chromium oxides and hydroxides export price stood at $7,455 per ton in 2022, with an increase of 198% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The export price peaked at $9,168 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -2.6% per year.

Imports of Chromium Oxides and Hydroxides in Lithuania

For the fourth year in a row, Lithuania recorded growth in overseas purchases of chromium oxides and hydroxideses, which increased by 558% to 46 tons in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chromium oxides and hydroxides imports soared to $331K in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chromium Oxides and Hydroxides to Lithuania in 2022:

1. France (40.0 tons)
2. Netherlands (3.2 tons)
3. Czech Republic (1.3 tons)
4. Poland (1.0 tons)

Exports of Chromium Oxides and Hydroxides in Lithuania

In 2022, approx. 40 tons of chromium oxides and hydroxideses were exported from Lithuania; jumping by 548% compared with 2021. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 3,183% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, chromium oxides and hydroxides exports skyrocketed to $301K in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chromium Oxides and Hydroxides from Lithuania in 2022:

1. Russia (40.0 tons)

Source: IndexBox Market Intelligence Platform