Price for Chromium Oxides and Hydroxides in Switzerland - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Switzerland (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Switzerland (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Switzerland
- Exports of Chromium Oxides and Hydroxides in Switzerland
Price for Chromium Oxides and Hydroxides in Switzerland (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $6,105 per ton, with an increase of 12% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2016 when the average import price increased by 79%. As a result, import price reached the peak level of $8,045 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,561 per ton), while the price for Kazakhstan ($3,080 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides in Switzerland (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $18,687 per ton in 2022, with an increase of 88% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of 109%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($70,369 per ton), while the average price for exports to the Netherlands ($8,264 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 the Netherlands (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium Oxides and Hydroxides in Switzerland
In 2022, the amount of chromium oxides and hydroxideses imported into Switzerland declined to 345 tons, which is down by -11.2% against the year before. In general, imports showed a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 41%. As a result, imports reached the peak of 388 tons, and then dropped in the following year.
In value terms, chromium oxides and hydroxides imports fell slightly to $2.1M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $2.1M, leveling off in the following year.
| Import of Chromium Oxides and Hydroxides in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,318 | 957 | 1,274 | 1,353 | 0.9% |
| Russia | 166 | 157 | 224 | 317 | 24.1% |
| Turkey | 32.8 | 33.9 | 52.2 | 220 | 88.6% |
| United States | 145 | 146 | 124 | 88.3 | -15.2% |
| Kazakhstan | 178 | 123 | 246 | 79.5 | -23.6% |
| Others | 100 | 86.2 | 194 | 45.6 | -23.0% |
| Total | 1,939 | 1,504 | 2,114 | 2,104 | 2.8% |
Top Suppliers of Chromium Oxides and Hydroxides to Switzerland in 2022:
- Germany (161.9 tons)
- Russia (79.2 tons)
- Turkey (64.7 tons)
- Kazakhstan (25.8 tons)
- United States (8.4 tons)
Exports of Chromium Oxides and Hydroxides in Switzerland
In 2022, approx. 6.6 tons of chromium oxides and hydroxideses were exported from Switzerland; which is down by -7.3% against the year before. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 930%. As a result, the exports attained the peak of 7.1 tons, and then reduced in the following year.
In value terms, chromium oxides and hydroxides exports soared to $123K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 767% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Chromium Oxides and Hydroxides in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | N/A | 4.2 | 66.3 | 379.9% |
| Poland | 7.6 | 4.4 | 41.6 | 28.6 | 55.5% |
| Netherlands | N/A | N/A | 10.8 | 13.2 | 22.2% |
| Germany | 8.7 | 2.3 | 8.2 | 13.1 | 14.6% |
| Bangladesh | N/A | N/A | 5.1 | N/A | 0% |
| Others | 5.9 | 1.4 | 0.7 | 1.8 | -32.7% |
| Total | 22.9 | 8.1 | 70.6 | 123 | 75.1% |
Top Export Markets for Chromium Oxides and Hydroxides from Switzerland in 2022:
- Poland (3.3 tons)
- Netherlands (1.6 tons)
- United States (0.9 tons)
- Germany (0.8 tons)
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