Price for Chromium Oxides and Hydroxides in Russia - 2022
Contents:
- Price for Chromium Oxides and Hydroxides in Russia (FOB) - 2022
- Price for Chromium Oxides and Hydroxides in Russia (CIF) - 2022
- Exports of Chromium Oxides and Hydroxides in Russia
- Imports of Chromium Oxides and Hydroxides in Russia
Price for Chromium Oxides and Hydroxides in Russia (FOB) - 2022
In January 2022, the average chromium oxides and hydroxides export price amounted to $4,123 per ton, surging by 4.6% against the previous month. Overall, export price indicated perceptible growth from January 2021 to January 2022: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, chromium oxides and hydroxides export price decreased by -22.8% against November 2021 indices. The pace of growth was the most pronounced in November 2021 when the average export price increased by 39% m-o-m. As a result, the export price reached the peak level of $5,342 per ton. From December 2021 to January 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($4,750 per ton), while the average price for exports to the Netherlands ($3,060 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chromium Oxides and Hydroxides in Russia (CIF) - 2022
In January 2022, the average chromium oxides and hydroxides import price amounted to $3,024 per ton, growing by 15% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in November 2021 an increase of 32% month-to-month. As a result, import price attained the peak level of $3,556 per ton. From December 2021 to January 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Germany ($7,376 per ton), while the price for Kazakhstan ($2,072 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Estonia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chromium Oxides and Hydroxides in Russia
In 2022, exports of chromium oxides and hydroxideses from Russia fell to 9K tons, waning by -8.5% on the year before. Overall, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, chromium oxides and hydroxides exports contracted notably to $27M in 2022. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $33M, and then fell markedly in the following year.
| Export of Chromium Oxides and Hydroxides in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.6 | 5.5 | 10.1 | 10.0 | 21.3% |
| Poland | 1.4 | 1.9 | 2.4 | 3.6 | 37.0% |
| Mexico | N/A | 0.4 | 1.3 | 2.9 | 169.3% |
| India | 1.2 | 0.1 | 0.2 | 2.5 | 27.7% |
| Netherlands | N/A | N/A | 1.2 | 1.9 | 58.3% |
| Vietnam | 1.2 | 1.6 | 1.5 | 1.9 | 16.6% |
| Turkey | 0.5 | 0.8 | 1.0 | 1.0 | 26.0% |
| Italy | 2.0 | 1.5 | 3.1 | 1.0 | -20.6% |
| South Korea | 0.3 | 0.2 | 0.3 | 1.0 | 49.4% |
| Japan | 1.3 | 0.8 | 1.9 | N/A | 20.9% |
| China | 9.2 | 3.7 | 0.6 | N/A | -74.5% |
| Germany | 2.0 | 1.0 | 1.4 | N/A | -16.3% |
| Brazil | 1.2 | 0.7 | 1.5 | N/A | 11.8% |
| Others | 3.2 | 3.2 | 6.4 | 1.4 | -24.1% |
| Total | 29.1 | 21.4 | 32.9 | 27.1 | -2.3% |
Top Export Markets for Chromium Oxides and Hydroxides from Russia in 2022:
- Spain (3127.3 tons)
- Poland (1146.2 tons)
- India (1032.9 tons)
- Mexico (860.7 tons)
- Netherlands (852.1 tons)
- Vietnam (573.8 tons)
- Turkey (286.9 tons)
- Italy (286.9 tons)
- South Korea (286.9 tons)
Imports of Chromium Oxides and Hydroxides in Russia
In 2022, purchases abroad of chromium oxides and hydroxideses decreased by -0.1% to 3.7K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.
In value terms, chromium oxides and hydroxides imports reduced to $9.5M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of $10M, and then declined in the following year.
| Import of Chromium Oxides and Hydroxides in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 5.1 | 5.5 | 6.1 | 4.8 | -2.0% |
| Estonia | 2.2 | 1.4 | 2.1 | 2.8 | 8.4% |
| Germany | 1.1 | 1.0 | 1.4 | 0.8 | -10.1% |
| Canada | N/A | 0.1 | 0.1 | 0.7 | 164.6% |
| Poland | 0.3 | 0.3 | 0.1 | N/A | -42.3% |
| Others | 0.8 | 0.6 | 0.3 | 0.3 | -27.9% |
| Total | 9.5 | 8.9 | 10.1 | 9.5 | 0.0% |
Top Suppliers of Chromium Oxides and Hydroxides to Russia in 2022:
- Kazakhstan (2727.5 tons)
- Estonia (607.2 tons)
- Canada (182.2 tons)
- Germany (129.3 tons)
- Poland (10.1 tons)
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