Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway - 2023
Contents:
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway (FOB) - 2022
- Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway
- Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway (FOB) - 2022
The average export price for chromium oxides and hydroxides; excluding chromium trioxides stood at $4,075 per ton in 2022, with a decrease of -4.4% against the previous year. In general, the export price faced a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 336%. As a result, the export price attained the peak level of $30,376 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Poland.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -6.9% per year.
Price for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway (CIF) - 2022
The average import price for chromium oxides and hydroxides; excluding chromium trioxides stood at $10,243 per ton in 2022, rising by 2.9% against the previous year. Over the period under review, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 208%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($35,139 per ton), while the price for Sweden ($4,952 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+100.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway
For the fourth year in a row, Norway recorded growth in shipments abroad of chromium oxides and hydroxides; excluding chromium trioxides, which increased by 97% to 23 tons in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,714% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of chromium oxides and hydroxides; excluding chromium trioxides surged to $94K in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 766%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 93.7 | 0% |
| Sweden | 1.5 | 2.8 | 49.7 | N/A | 475.6% |
| Others | 3.6 | 2.9 | N/A | N/A | -19.4% |
| Total | 5.1 | 5.7 | 49.7 | 93.7 | 163.9% |
Top Export Markets for Chromium Oxides and Hydroxides; Excluding Chromium Trioxide from Norway in 2022:
- Poland (23.0 tons)
Imports of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway
In 2022, supplies from abroad of chromium oxides and hydroxides; excluding chromium trioxides increased by 12% to 1.2 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a sharp decline.
In value terms, imports of chromium oxides and hydroxides; excluding chromium trioxides surged to $12K in 2022. In general, imports, however, showed a sharp downturn.
| Import of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.0 | 0.6 | 0.4 | 9.7 | 11.5% |
| United States | 0.3 | 0.1 | N/A | 1.3 | 63.0% |
| Sweden | N/A | 0.4 | 0.9 | 0.2 | -29.3% |
| Spain | 34.2 | 10.4 | 6.5 | N/A | -56.4% |
| France | 5.0 | 1.3 | 0.7 | N/A | -62.6% |
| Denmark | 5.5 | 0.9 | 0.4 | N/A | -73.0% |
| Netherlands | 8.1 | 0.9 | N/A | N/A | -88.9% |
| Others | 7.4 | 2.6 | 1.4 | 0.7 | -54.4% |
| Total | 67.4 | 17.2 | 10.3 | 11.9 | -43.9% |
Top Suppliers of Chromium Oxides and Hydroxides; Excluding Chromium Trioxide to Norway in 2022:
- Germany (1075.0 kg)
- Sweden (42.0 kg)
- United States (36.0 kg)
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