Chromium Trioxide Price in Russia - 2022

Chromium Trioxide Price in Russia (FOB) - 2022

The average chromium trioxide export price stood at $3,273 per ton in January 2022, rising by 3.6% against the previous month. Over the period under review, the export price showed a noticeable expansion. The most prominent rate of growth was recorded in November 2021 when the average export price increased by 175% m-o-m. As a result, the export price reached the peak level of $8,127 per ton. From December 2021 to January 2022, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In January 2022, the countries with the highest prices were Poland ($3,586 per ton) and Egypt ($3,489 per ton), while the average price for exports to the Netherlands ($3,060 per ton) and Switzerland ($3,267 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Chromium Trioxide Price in Russia (CIF) - 2022

The average chromium trioxide import price stood at $1,972 per ton in January 2022, declining by -18.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2021 an increase of 35% m-o-m. As a result, import price reached the peak level of $2,988 per ton. From December 2021 to January 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From January 2021 to January 2022, the rate of growth in terms of prices for Kazakhstan amounted to +0.5% per month.

Chromium Trioxide Exports in Russia

In 2022, shipments abroad of chromium trioxides decreased by -3.8% to 3.1K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.6% against the previous year. As a result, the exports reached the peak of 3.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chromium trioxide exports shrank to $8.4M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $9.5M, and then fell in the following year.

Export of Chromium Trioxide in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	N/A	77.8	165	2,932	513.9%
Netherlands	24.9	N/A	1,146	2,254	349.0%
Poland	748	780	627	840	3.9%
Switzerland	279	173	200	802	42.2%
Egypt	133	241	103	779	80.3%
Spain	143	82.0	N/A	739	72.9%
China	394	1,143	N/A	N/A	190.1%
Germany	1,494	714	637	N/A	-34.7%
Vietnam	856	1,364	1,194	N/A	18.1%
Pakistan	439	547	684	N/A	24.8%
Brazil	1,100	638	1,159	N/A	2.6%
Others	1,786	1,654	3,541	88.5	-63.3%
Total	7,398	7,413	9,457	8,435	4.5%

Top Export Markets for Chromium Trioxide from Russia in 2022:

India (1062.9 tons)
Netherlands (876.9 tons)
Switzerland (292.3 tons)
Poland (279.0 tons)
Egypt (265.7 tons)
Spain (265.7 tons)

Chromium Trioxide Imports in Russia

In 2022, imports of chromium trioxides into Russia reached 2.5K tons, growing by 5.3% compared with 2021. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, chromium trioxide imports rose modestly to $5.2M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern.