Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK - 2023
Contents:
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK (CIF) - 2023
- Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK (FOB) - 2022
- Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK
- Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK (CIF) - 2023
In November 2023, the average import price for chromium and articles thereof; wrought other than waste and scrap amounted to $18,502 per ton, with an increase of 23% against the previous month. Over the period under review, import price indicated a mild expansion from December 2022 to November 2023: its price increased at an average monthly rate of +1.5% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for chromium and articles thereof; wrought other than waste and scrap increased by +42.6% against August 2023 indices. The pace of growth appeared the most rapid in May 2023 an increase of 33% month-to-month. As a result, import price attained the peak level of $23,255 per ton. From June 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($31,594 per ton), while the price for China totaled $12,577 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK (FOB) - 2022
The average export price for chromium and articles thereof; wrought other than waste and scrap stood at $24,242 per ton in 2022, picking up by 83% against the previous year. Over the period under review, the export price showed mild growth. The export price peaked at $30,084 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($66,047 per ton), while the average price for exports to Ireland ($18,630 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK
In 2022, approx. 513 tons of chromium and articles thereof; wrought other than waste and scrap were imported into the UK; dropping by -89.9% on 2021. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 10,442%. As a result, imports reached the peak of 5.1K tons, and then contracted rapidly in the following year.
In value terms, imports of chromium and articles thereof; wrought other than waste and scrap reduced notably to $9.5M in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 6,859%. As a result, imports attained the peak of $62M, and then fell remarkably in the following year.
| Import of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | N/A | N/A | 59.0 | 3.3 | -94.4% |
| China | 0.7 | 0.7 | 0.5 | 2.8 | 58.7% |
| France | N/A | N/A | N/A | 1.4 | 0% |
| Russia | N/A | N/A | 1.4 | 1.4 | 0.0% |
| South Africa | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.8 | 0.2 | 0.7 | 0.4 | -20.6% |
| Total | 1.5 | 0.9 | 61.6 | 9.5 | 85.0% |
Top Suppliers of Chromium and Articles Thereof; Wrought Other than Waste and Scrap to the UK in 2022:
- China (198.6 tons)
- Ireland (170.4 tons)
- France (105.2 tons)
- South Africa (14.9 tons)
- Russia (11.4 tons)
Exports of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK
In 2022, approx. 184 tons of chromium and articles thereof; wrought other than waste and scrap were exported from the UK; dropping by -39.2% compared with the previous year. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 623% against the previous year. As a result, the exports reached the peak of 302 tons, and then fell sharply in the following year.
In value terms, exports of chromium and articles thereof; wrought other than waste and scrap rose remarkably to $4.5M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 218%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Chromium and Articles Thereof; Wrought Other than Waste and Scrap in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 12.5 | 15.1 | 2,195 | 2,284 | 467.5% |
| United States | 1,020 | 432 | 1,012 | 996 | -0.8% |
| Netherlands | 8.2 | 3.0 | 333 | 678 | 335.7% |
| Germany | 331 | 361 | 147 | 57.1 | -44.3% |
| Others | 556 | 446 | 305 | 439 | -7.6% |
| Total | 1,929 | 1,257 | 3,993 | 4,454 | 32.2% |
Top Export Markets for Chromium and Articles Thereof; Wrought Other than Waste and Scrap from the UK in 2022:
- Ireland (122.6 tons)
- United States (45.7 tons)
- Netherlands (10.3 tons)
- Germany (2.0 tons)
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