Price for Chromium Oxides and Hydroxides in Portugal - 2023

Contents:

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

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

In 2022, the average chromium oxides and hydroxides import price amounted to $5,400 per ton, rising by 17% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $5,573 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 France ($8,839 per ton), while the price for Spain ($5,069 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average chromium oxides and hydroxides export price amounted to $7,329 per ton, falling by -9.7% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 314%. The export price peaked at $21,498 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($7,811 per ton), while the average price for exports to Spain amounted to $7,319 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+140.0%), while the prices for the other major destinations experienced a decline.

Imports of Chromium Oxides and Hydroxides in Portugal

In 2022, the amount of chromium oxides and hydroxideses imported into Portugal rose rapidly to 176 tons, growing by 5.7% against the year before. In general, imports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 6.1% against the previous year.

In value terms, chromium oxides and hydroxides imports skyrocketed to $949K in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chromium Oxides and Hydroxides in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain780617692734-2.0%
Germany37.647.947.314857.9%
France9.44.37.242.665.5%
Others22.613.319.325.03.4%
Total8506837669493.7%

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

  1. Spain (144.8 tons)
  2. Germany (22.7 tons)
  3. France (4.8 tons)

Exports of Chromium Oxides and Hydroxides in Portugal

For the third year in a row, Portugal recorded decline in shipments abroad of chromium oxides and hydroxideses, which decreased by -43.7% to 1.5 tons in 2022. Overall, exports faced a dramatic descent.

In value terms, chromium oxides and hydroxides exports reduced dramatically to $11K in 2022. In general, exports saw a precipitous slump. The smallest decline of -23.8% was in 2021.

Export of Chromium Oxides and Hydroxides in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain54.925.916.110.7-42.0%
United Arab EmiratesN/AN/AN/A0.30%
Egypt1.7N/AN/AN/A0%
OthersN/A2.35.5N/A139.1%
Total56.628.221.511.0-42.1%

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

  1. Spain (1456.0 kg)
  2. United Arab Emirates (37.0 kg)

Source: IndexBox Market Intelligence Platform

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