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China - Iron Oxides And Hydroxides - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 12, 2023
China's Iron Oxide Pigment Price Shrinks to $1,293 per Ton
China Iron Oxide Pigment Export Price in September 2022
In September 2022, the iron oxide pigment price stood at $1,293 per ton (FOB, China), shrinking by -4.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 5.4% against the previous month. The export price peaked at $1,357 per ton in July 2022; however, from August 2022 to September 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($1,785 per ton), while the average price for exports to Indonesia ($1,015 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
China Iron Oxide Pigment Exports
In September 2022, shipments abroad of iron oxide pigments decreased by -18.7% to 26K tons, falling for the second consecutive month after three months of growth. Overall, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in March 2022 with an increase of 62% month-to-month. As a result, the exports attained the peak of 39K tons. From April 2022 to September 2022, the growth of the exports remained at a lower figure.
In value terms, iron oxide pigment exports dropped significantly to $34M (IndexBox estimates) in September 2022. In general, exports showed a noticeable decrease. The most prominent rate of growth was recorded in March 2022 when exports increased by 69% against the previous month. Over the period under review, the exports reached the peak figure at 52K tons in July 2022; however, from August 2022 to September 2022, the exports stood at a somewhat lower figure.
China Iron Oxide Pigment Exports by Country
The United States (8.6K tons) was the main destination for iron oxide pigment exports from China, accounting for a 33% share of total exports. Moreover, iron oxide pigment exports to the United States exceeded the volume sent to the second major destination, Russia (2K tons), fourfold. Australia (1.3K tons) ranked third in terms of total exports with a 4.9% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States totaled +3.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+0.2% per month) and Australia (-1.6% per month).
In value terms, the United States ($11M) remains the key foreign market for iron oxide pigment exports from China, comprising 33% of total exports. The second position in the ranking was held by Russia ($2.6M), with a 7.5% share of total exports. It was followed by Australia, with a 4.5% share.
From January 2022 to September 2022, the average monthly growth rate of value to the United States stood at +2.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+1.3% per month) and Australia (-1.0% per month).
Factors Affecting Oxide Pigment Prices
Iron oxide pigment is one of the most popular types of pigments on the market today. It is used in a wide range of applications, including paints, coatings, plastics, and ceramics. The pigment is made from iron ore that is mined from the earth.
The price of iron oxide pigment in China has been increasing in recent years due to a number of factors. The most significant factor is the cost of raw materials, which has risen sharply due to the Chinese government's crackdown on environmental pollution. This has led to a shortage of supply and an increase in prices.
Other factors that have contributed to the rising price of iron oxide pigments in China include the country's growing economy and the strengthening of the Chinese currency. These factors have made China an increasingly attractive market for foreign manufacturers, who are able to sell their products at a higher price.
The rising price of iron oxide pigments is having a knock-on effect on other industries that use the pigment, such as paint and plastics. This is because manufacturers are passing on the higher costs to their customers. As a result, consumers are likely to see an increase in the prices of these products in the coming months.
This report provides an in-depth analysis of the iron oxide pigment market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3
Country coverage:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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