Price for Iron Oxides and Hydroxides in Kenya - 2021
Contents:
- Price for Iron Oxides and Hydroxides in Kenya (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Kenya (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Kenya
- Exports of Iron Oxides and Hydroxides in Kenya
Price for Iron Oxides and Hydroxides in Kenya (CIF) - 2022
The average iron oxides and hydroxides import price stood at $977 per ton in 2022, falling by -8.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $1,141 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,929 per ton), while the price for India ($798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Kenya (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $504 per ton, surging by 2.5% against the previous year. Overall, the export price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2017 an increase of 51% against the previous year. As a result, the export price attained the peak level of $1,637 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($3,108 per ton), while the average price for exports to China ($105 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 Tanzania (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron Oxides and Hydroxides in Kenya
In 2022, after two years of decline, there was growth in overseas purchases of iron oxides and hydroxideses, when their volume increased by 2.3% to 3.6K tons. Over the period under review, imports, however, showed a mild setback.
In value terms, iron oxides and hydroxides imports contracted to $3.6M in 2022. In general, imports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of $3.8M, and then contracted in the following year.
| Import of Iron Oxides and Hydroxides in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,886 | 2,398 | 2,696 | 2,507 | -4.6% |
| Germany | 407 | 398 | 444 | 413 | 0.5% |
| India | 156 | 184 | 223 | 207 | 9.9% |
| Brazil | 31.3 | 126 | 198 | 184 | 80.5% |
| Spain | 87.7 | 102 | 120 | 133 | 14.9% |
| Others | 107 | 84.1 | 131 | 107 | 0.0% |
| Total | 3,675 | 3,293 | 3,811 | 3,552 | -1.1% |
Top Suppliers of Iron Oxides and Hydroxides to Kenya in 2022:
- China (2887.0 tons)
- Germany (276.4 tons)
- India (259.4 tons)
- Brazil (102.0 tons)
- Spain (69.0 tons)
Exports of Iron Oxides and Hydroxides in Kenya
In 2022, iron oxides and hydroxides exports from Kenya skyrocketed to 334 tons, rising by 28% on the previous year. In general, exports recorded a relatively flat trend pattern.
In value terms, iron oxides and hydroxides exports soared to $168K in 2022. Over the period under review, exports, however, recorded a abrupt downturn.
| Export of Iron Oxides and Hydroxides in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 82.4 | 74.3 | 43.0 | 59.6 | -10.2% |
| Tanzania | 39.9 | 55.1 | 12.4 | 31.7 | -7.4% |
| Sudan | 17.7 | 23.7 | 26.4 | 28.8 | 17.6% |
| China | 28.4 | 29.2 | 18.4 | 22.6 | -7.3% |
| India | 1.8 | 0.8 | 7.2 | 12.3 | 89.8% |
| Others | 32.6 | 24.9 | 20.9 | 13.2 | -26.0% |
| Total | 203 | 208 | 128 | 168 | -6.1% |
Top Export Markets for Iron Oxides and Hydroxides from Kenya in 2022:
- China (215.7 tons)
- Uganda (72.6 tons)
- Sudan (21.3 tons)
- Tanzania (10.2 tons)
- India (8.7 tons)
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