Which Country Imports the Most Iron Oxides and Hydroxides in the World?
Basic Chemicals May 28, 2018
In 2016, approx. 2.3M tonnes of iron oxide pigments were imported worldwide; remaining stable against the previous year figure. In general, iron oxide pigments imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when import increased by 13% from the previous year level. Over the period under review, global iron oxide pigments imports reached its maximum volume of 2.3M tonnes in 2015, falling back in the following year.
In value terms, iron oxide pigments imports stood at $989M in 2016. In general, iron oxide pigments imports continue to indicate a relatively flat trend pattern. Over the period under review, global iron oxide pigments imports reached its maximum level of $1.2B in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.
Top Iron Oxide Pigments Importing Countries in the World
1. USA (228.6 million USD)
2. China (105.6 million USD)
3. Germany (43.8 million USD)
4. India (29.8 million USD)
5. Italy (26.0 million USD)
6. Spain (24.8 million USD)
7. France (22.5 million USD)
8. South Korea (21.7 million USD)
9. Japan (14.5 million USD)
10. Sweden (4.9 million USD)
11. Iran (2.1 million USD)
Iron Oxide Pigments Imports By Country
In 2016, Germany (497K tonnes), China (391K tonnes), and Iran (374K tonnes) were the main importers of iron oxide pigments in the world, generating 55% of total import. It was distantly followed by the U.S. (176K tonnes), constituting 8% share of total iron oxide pigments imports. The following importers - South Korea (81K tonnes), Sweden (65K tonnes), Japan (44K tonnes), Italy (41K tonnes), Spain (40K tonnes), India (37K tonnes), and France (36K tonnes) together made up 15% of total imports.
From 2007 to 2016, the most notable growth rate of iron oxide pigments imports, among the main importing countries, was attained by India (+6.9% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($229M) constitutes the largest market for imported iron oxide pigments worldwide, making up 23% of global imports. The second position in the ranking was occupied by China ($106M), with the share of 11% of global imports. It was followed by Germany, with the share of 4%.
In the U.S., iron oxide pigments imports stood at an average annual rate of +2.0% over the period from 2007-2016. In the other countries, the average annual rates were as follows: China (+0.1% per year) and Germany (+0.4% per year).
Iron Oxide Pigments Import Prices By Country
The average iron oxide pigments import price stood at $430 per tonne in 2016, coming down by -3.8% against the previous year. In general, iron oxide pigments import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when import increased by 14% from the previous year level. Over the period under review, average iron oxide pigments import price attained its maximum level of $530 per tonne in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.
Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($1,303 per tonne), while Iran ($6 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of iron oxide pigments import prices was attained by India (+5.4% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global iron oxide pigments market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- iron oxide pigments market share
- iron oxide pigments prices
- iron oxide pigments industry
- iron oxide pigments sales
- iron oxide pigments import
- iron oxide pigments export
- iron oxide pigments market forecast
- iron oxide pigments price forecast
- key iron oxide pigments producers
All data provided in this article covers the following product: HS Code 2821 - Iron oxides and hydroxides; earth colours containing 70% or more by weight of combined iron evaluated as Fe2o3.
Source: World: Iron Oxides And Hydroxides - Market Report. Analysis and Forecast to 2025
