Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain - 2023

Contents:

  1. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain (CIF) - 2022
  2. Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain (FOB) - 2023
  3. Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain
  4. Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain (CIF) - 2022

The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $4,520 per ton in 2022, surging by 41% against the previous year. Overall, the import price, however, saw a slight contraction. The import price peaked at $5,036 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($5,286 per ton) and India ($5,031 per ton), while the price for Kazakhstan ($4,265 per ton) and Russia ($4,280 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain (FOB) - 2023

The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $6,455 per ton in October 2023, which is down by -8.2% against the previous month. In general, export price indicated a modest expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for chromium oxides and hydroxides; excluding chromium trioxides increased by +17.3% against July 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 131% against the previous month. Over the period under review, the average export prices hit record highs at $8,393 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Belgium ($9,428 per ton), while the average price for exports to France ($5,150 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain

In 2022, the amount of chromium oxides and hydroxides; excluding chromium trioxides imported into Spain dropped significantly to 10K tons, waning by -18.2% on the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 12K tons, and then contracted remarkably in the following year.

In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides skyrocketed to $45M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan11.35.916.516.513.4%
China0.60.71.66.7123.5%
Germany6.84.92.86.5-1.5%
Slovakia4.31.43.56.414.2%
Russia5.36.08.66.14.8%
India1.73.51.01.5-4.1%
United States1.43.15.11.40.0%
Others0.20.20.20.1-20.6%
Total31.625.839.345.212.7%

Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Spain in 2022:

  1. Kazakhstan (3.9K tons)
  2. Slovakia (1.5K tons)
  3. China (1.4K tons)
  4. Russia (1.4K tons)
  5. Germany (1.2K tons)
  6. India (0.3K tons)
  7. United States (0.3K tons)

Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain

In 2022, approx. 1.5K tons of chromium oxides and hydroxides; excluding chromium trioxides were exported from Spain; waning by -3.9% on 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. As a result, the exports reached the peak of 1.6K tons, and then fell in the following year.

In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides surged to $8.2M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 75% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy1,0671,1583,4663,31846.0%
France1,1486586421,54510.4%
Germany7294636218455.0%
Turkey78.147447548984.3%
Austria28247178.340913.2%
BrazilN/AN/AN/A2400%
United States42.020717120369.1%
Belgium298245350170-17.1%
Others5863361,20899719.4%
Total4,2304,0127,0128,21524.8%

Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Spain in 2022:

  1. Italy (677.9 tons)
  2. France (267.8 tons)
  3. Germany (164.3 tons)
  4. Turkey (76.8 tons)
  5. Austria (70.1 tons)
  6. Brazil (60.0 tons)
  7. United States (28.4 tons)
  8. Belgium (23.1 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Chromium oxides and hydroxides; excluding chromium trioxide - Spain