Price for Chromium Oxides and Hydroxides in Latvia - 2023
Contents:
- Price for Chromium Oxides and Hydroxides in Latvia (CIF) - 2022
- Price for Chromium Oxides and Hydroxides in Latvia (FOB) - 2022
- Imports of Chromium Oxides and Hydroxides in Latvia
- Exports of Chromium Oxides and Hydroxides in Latvia
Price for Chromium Oxides and Hydroxides in Latvia (CIF) - 2022
In 2022, the average chromium oxides and hydroxides import price amounted to $8,147 per ton, increasing by 19% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromium oxides and hydroxides import price increased by +54.9% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($8,073 per ton), while the price for Poland ($4,240 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium Oxides and Hydroxides in Latvia (FOB) - 2022
The average chromium oxides and hydroxides export price stood at $12,949 per ton in 2022, picking up by 85% against the previous year. In general, the export price continues to indicate a resilient increase. The export price peaked at $332,500 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +7.0% per year.
Imports of Chromium Oxides and Hydroxides in Latvia
In 2022, after three years of growth, there was significant decline in supplies from abroad of chromium oxides and hydroxideses, when their volume decreased by -89.8% to 416 kg. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 659%.
In value terms, chromium oxides and hydroxides imports shrank significantly to $3.4K in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 417% against the previous year.
| Import of Chromium Oxides and Hydroxides in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | 0.8 | 2.4 | 200.0% |
| United Kingdom | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Poland | N/A | 2.3 | 0.6 | 0.2 | -70.5% |
| Russia | N/A | N/A | 2.3 | N/A | 0% |
| Sweden | N/A | N/A | 17.7 | N/A | 0% |
| Finland | 1.5 | 5.6 | 3.8 | N/A | 59.2% |
| Others | N/A | N/A | 2.6 | 0.3 | -88.5% |
| Total | 1.5 | 8.0 | 28.0 | 3.4 | 31.4% |
Top Suppliers of Chromium Oxides and Hydroxides to Latvia in 2022:
- Estonia (300.0 kg)
- United Kingdom (59.0 kg)
- Poland (50.0 kg)
Exports of Chromium Oxides and Hydroxides in Latvia
Chromium oxides and hydroxides exports from Latvia skyrocketed to 78 kg in 2022, increasing by 7,700% compared with the previous year. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, chromium oxides and hydroxides exports surged to $1K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Chromium Oxides and Hydroxides in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | N/A | 624 | 0% |
| Others | 4.0 | N/A | 7.0 | 386 | 358.7% |
| Total | 4.0 | N/A | 7.0 | 1,010 | 532.1% |
Top Export Markets for Chromium Oxides and Hydroxides from Latvia in 2022:
- Estonia (77.0 kg)
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