Chromium Trioxide Price in Belarus - 2022

Chromium Trioxide Price in Belarus (CIF) - 2022

The average chromium trioxide import price stood at $3,840 per ton in 2022, with an increase of 31% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. Over the period under review, average import prices attained the peak figure at $4,366 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($13,323 per ton), while the price for Kazakhstan ($2,782 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Chromium Trioxide Price in Belarus (FOB) - 2022

In 2022, the average chromium trioxide export price amounted to $9,933 per ton, waning by -8.6% against the previous year. In general, the export price, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $10,862 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($9,962 per ton), while the average price for exports to Russia amounted to $510 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+5.6%).

Chromium Trioxide Imports in Belarus

In 2022, chromium trioxide imports into Belarus dropped rapidly to 12 tons, shrinking by -85.4% on 2021. In general, imports faced a sharp setback. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of 81 tons, and then declined markedly in the following year.

In value terms, chromium trioxide imports declined sharply to $46K in 2022. Overall, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports attained the peak of $238K, and then dropped dramatically in the following year.

Import of Chromium Trioxide in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	62.2	52.8	81.2	18.3	-33.5%
Russia	70.0	8.3	37.2	8.4	-50.7%
Turkey	27.0	23.9	22.6	4.7	-44.2%
United States	14.1	24.1	12.2	3.8	-35.4%
Lithuania	11.5	11.2	11.6	2.7	-38.3%
Poland	24.0	31.0	40.3	2.0	-56.3%
Others	15.9	10.4	32.7	5.7	-29.0%
Total	225	162	238	45.6	-41.3%

Top Suppliers of Chromium Trioxide to Belarus in 2022:

Kazakhstan (6.6 tons)
Russia (2.3 tons)
Turkey (1.1 tons)
United States (0.8 tons)
Poland (0.4 tons)
Lithuania (0.2 tons)

Chromium Trioxide Exports in Belarus

In 2022, after two years of decline, there was growth in overseas shipments of chromium trioxides, when their volume increased by 3.3% to 284 kg. Overall, exports, however, recorded a perceptible downturn.

In value terms, chromium trioxide exports contracted to $2.8K in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year.