Chromium Trioxide Price in the UK - 2023
Contents:
- Chromium Trioxide Price in the UK (CIF) - 2023
- Chromium Trioxide Price in the UK (FOB) - 2022
- Chromium Trioxide Imports in the UK
- Chromium Trioxide Exports in the UK
Chromium Trioxide Price in the UK (CIF) - 2023
The average chromium trioxide import price stood at $3,897 per ton in August 2023, waning by -34.7% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 34% against the previous month. As a result, import price attained the peak level of $5,970 per ton, and then dropped markedly in the following month.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($4,345 per ton), while the price for Turkey ($3,377 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Chromium Trioxide Price in the UK (FOB) - 2022
The average chromium trioxide export price stood at $3,005 per ton in 2022, remaining constant against the previous year. In general, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 8.3% against the previous year. Over the period under review, the average export prices reached the maximum at $5,198 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($5,045 per ton), while the average price for exports to Romania ($2,624 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 (+40.9%), while the prices for the other major destinations experienced mixed trend patterns.
Chromium Trioxide Imports in the UK
In 2022, the amount of chromium trioxides imported into the UK skyrocketed to 960 tons, increasing by 39% compared with 2021. Over the period under review, imports, however, continue to indicate a pronounced decline.
In value terms, chromium trioxide imports surged to $3.7M in 2022. In general, imports posted a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chromium Trioxide in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,652 | 1,735 | 1,449 | 1,561 | -16.2% |
| Russia | N/A | N/A | N/A | 946 | 0% |
| Turkey | 284 | 122 | 63.7 | 412 | 13.2% |
| Kazakhstan | N/A | N/A | N/A | 385 | 0% |
| India | 48.1 | N/A | N/A | 328 | 89.6% |
| Germany | 168 | 70.8 | 147 | 1.9 | -77.6% |
| Others | 52.5 | 33.7 | 432 | 53.8 | 0.8% |
| Total | 3,205 | 1,961 | 2,092 | 3,688 | 4.8% |
Top Suppliers of Chromium Trioxide to the UK in 2022:
- United States (414.9 tons)
- Russia (277.2 tons)
- Turkey (108.0 tons)
- Kazakhstan (78.3 tons)
- India (72.0 tons)
- Germany (0.6 tons)
Chromium Trioxide Exports in the UK
Chromium trioxide exports from the UK fell dramatically to 115 tons in 2022, which is down by -15.9% compared with 2021 figures. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 34%.
In value terms, chromium trioxide exports declined rapidly to $345K in 2022. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 31%.
| Export of Chromium Trioxide in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 421 | 169 | 316 | 268 | -14.0% |
| Sweden | 4.1 | 3.9 | 2.1 | 33.7 | 101.8% |
| Japan | 61.8 | 79.8 | 54.4 | 25.8 | -25.3% |
| Ukraine | N/A | 23.7 | N/A | N/A | 0% |
| Others | 44.1 | 39.5 | 41.3 | 18.1 | -25.7% |
| Total | 531 | 316 | 414 | 345 | -13.4% |
Top Export Markets for Chromium Trioxide from the UK in 2022:
- Romania (101.9 tons)
- Sweden (6.7 tons)
- Japan (6.0 tons)
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