Price for Chromium Oxides and Hydroxides in Poland - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Poland (CIF) - 2023
- Price for Chromium Oxides and Hydroxides in Poland (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Poland
- Exports of Chromium Oxides and Hydroxides in Poland
Price for Chromium Oxides and Hydroxides in Poland (CIF) - 2023
In August 2023, the average chromium oxides and hydroxides import price amounted to $5,478 per ton, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in September 2022 an increase of 18% against the previous month. Over the period under review, average import prices reached the maximum at $6,804 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from France ($7,243 per ton) and Germany ($6,016 per ton), while the price for China ($5,109 per ton) and Italy ($5,451 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Poland (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $5,139 per ton in 2022, growing by 42% against the previous year. Overall, the export price, however, recorded a mild downturn. The export price peaked at $5,686 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($8,680 per ton), while the average price for exports to France ($3,640 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 Russia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Poland
In 2022, purchases abroad of chromium oxides and hydroxideses decreased by -6.4% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of 1.4K tons, and then declined in the following year.
In value terms, chromium oxides and hydroxides imports skyrocketed to $7M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Chromium Oxides and Hydroxides in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 929 | 1,631 | 2,270 | 1,992 | 29.0% |
| South Africa | N/A | 91.6 | 70.4 | 1,346 | 283.3% |
| Germany | 983 | 1,204 | 1,346 | 1,320 | 10.3% |
| Turkey | 596 | 199 | 210 | 552 | -2.5% |
| China | 251 | 0.2 | N/A | 491 | 25.1% |
| United States | 459 | 227 | 387 | 478 | 1.4% |
| France | 14.4 | 6.0 | 539 | 273 | 166.6% |
| Italy | 714 | 262 | 227 | 207 | -33.8% |
| Others | 270 | 223 | 247 | 334 | 7.3% |
| Total | 4,215 | 3,844 | 5,295 | 6,994 | 18.4% |
Top Suppliers of Chromium Oxides and Hydroxides to Poland in 2022:
- Russia (342.4 tons)
- Germany (227.4 tons)
- South Africa (224.3 tons)
- Turkey (144.8 tons)
- United States (126.4 tons)
- China (82.0 tons)
- France (74.2 tons)
- Italy (33.9 tons)
Exports of Chromium Oxides and Hydroxides in Poland
In 2022, shipments abroad of chromium oxides and hydroxideses decreased by -14.3% to 117 tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 116% against the previous year. As a result, the exports attained the peak of 249 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, chromium oxides and hydroxides exports skyrocketed to $601K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 decreased by -6.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. As a result, the exports attained the peak of $644K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Chromium Oxides and Hydroxides in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.2 | 6.5 | 0.1 | 176 | 158.4% |
| Czech Republic | 169 | 112 | 99.5 | 170 | 0.2% |
| Denmark | N/A | 268 | 191 | 85.2 | -43.6% |
| Spain | N/A | 0.3 | 8.7 | 48.1 | 1166.2% |
| Finland | 69.0 | 53.7 | 51.4 | 26.3 | -27.5% |
| Sweden | 12.1 | 6.2 | 16.5 | 23.3 | 24.4% |
| Lithuania | 5.3 | 14.1 | 13.0 | 14.9 | 41.1% |
| Hungary | 57.7 | 47.9 | N/A | 13.1 | -39.0% |
| Belarus | 30.1 | 39.3 | 21.7 | 11.2 | -28.1% |
| Ukraine | 24.5 | 3.3 | 2.8 | 8.2 | -30.6% |
| Slovakia | 17.7 | 4.0 | 10.5 | 3.7 | -40.7% |
| Italy | N/A | 70.3 | 1.1 | 1.2 | -86.9% |
| Others | 24.3 | 18.4 | 78.2 | 19.5 | -7.1% |
| Total | 420 | 644 | 494 | 601 | 12.7% |
Top Export Markets for Chromium Oxides and Hydroxides from Poland in 2022:
- Czech Republic (39.9 tons)
- Russia (20.3 tons)
- Denmark (19.8 tons)
- Spain (10.8 tons)
- Finland (6.3 tons)
- Sweden (5.4 tons)
- Belarus (2.8 tons)
- Lithuania (2.2 tons)
- Hungary (2.1 tons)
- Ukraine (2.0 tons)
- Slovakia (0.9 tons)
- Italy (0.1 tons)
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