Price for Chromium Oxides and Hydroxides in Hungary - 2023

Contents:

1. Price for Chromium Oxides and Hydroxides in Hungary (CIF) - 2022
2. Price for Chromium Oxides and Hydroxides in Hungary (FOB) - 2022
3. Imports of Chromium Oxides and Hydroxides in Hungary
4. Exports of Chromium Oxides and Hydroxides in Hungary

Price for Chromium Oxides and Hydroxides in Hungary (CIF) - 2022

In 2022, the average chromium oxides and hydroxides import price amounted to $5,756 per ton, shrinking by -3.9% against the previous year. Overall, the import price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 97% against the previous year. Over the period under review, average import prices reached the maximum at $18,852 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Czech Republic ($9,789 per ton), while the price for China ($4,692 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chromium Oxides and Hydroxides in Hungary (FOB) - 2022

In 2022, the average chromium oxides and hydroxides export price amounted to $7,922 per ton, waning by -16.6% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 54% against the previous year. Over the period under review, the average export prices hit record highs at $9,500 per ton in 2021, and then contracted markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($8,120 per ton), while the average price for exports to Russia totaled $7,912 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+6.0%), while the prices for the other major destinations experienced a decline.

Imports of Chromium Oxides and Hydroxides in Hungary

In 2022, imports of chromium oxides and hydroxideses into Hungary skyrocketed to 75 tons, increasing by 42% against 2021. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 167% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, chromium oxides and hydroxides imports skyrocketed to $433K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +58.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chromium Oxides and Hydroxides to Hungary in 2022:

1. Germany (56.4 tons)
2. China (16.2 tons)
3. Czech Republic (1.3 tons)

Exports of Chromium Oxides and Hydroxides in Hungary

Chromium oxides and hydroxides exports from Hungary surged to 1.1 tons in 2022, growing by 3,400% on the previous year. Overall, exports, however, continue to indicate a sharp descent.

In value terms, chromium oxides and hydroxides exports skyrocketed to $8.3K in 2022. Over the period under review, exports, however, faced a precipitous curtailment.

Top Export Markets for Chromium Oxides and Hydroxides from Hungary in 2022:

1. Russia (1000.0 kg)
2. Romania (50.0 kg)

Source: IndexBox Market Intelligence Platform