Iron Oxide Pigments Market
Iron oxide pigments market: discover the latest information empowered by an Ai-driven BI platform. Info provide imports, consumption, production, companies, exports, market size, trade, and market prices. There is a split by country, including China, EU, the U.K., Africa, the Middle East, Russia, the U.S., and Latin America. Market trends and outlook to 2030 are also featured in the reports.
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Iron Oxide Pigments - World's Largest Markets
Rating | Country |
---|---|
1 | Germany |
2 | United States |
3 | Chile |
4 | Japan |
5 | India |
In value terms, Germany, the United States and Chile were the countries with the highest levels of market value in 2021, together accounting for 37% of the global market.
Germany (+57.5% per year) recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while iron oxide pigments market for the other global leaders experienced more modest paces of growth.
Iron Oxide Pigments Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
Sweden | 1098 | 585 | 72 | -74.4% |
South Africa | 504 | 463 | 78 | -60.7% |
Taiwan (Chinese) | 354 | 336 | 345 | -1.3% |
South Korea | 409 | 360 | 385 | -3.0% |
Austria | 412 | 366 | 408 | -0.5% |
Belgium | 896 | 602 | 582 | -19.4% |
India | 638 | 674 | 740 | 7.7% |
Japan | 1563 | 1192 | 902 | -24.0% |
Mauritania | 861 | 1102 | 973 | 6.3% |
Brazil | 1177 | 1112 | 1013 | -7.2% |
China | 993 | 981 | 1036 | 2.1% |
United States | 1138 | 1114 | 1221 | 3.6% |
Germany | 1338 | n/a | 1338 | 0.0% |
Average | 1034 | 921 | 911 | -6.1% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($1,338 per ton), while Sweden ($72 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
United Kingdom | 1152 | 1116 | 1362 | 8.7% |
Netherlands | 1214 | 1111 | 1315 | 4.1% |
United States | 1307 | 1240 | 1314 | 0.3% |
Mexico | 676 | 441 | 1261 | 36.6% |
Germany | 1224 | 1211 | 1228 | 0.2% |
India | 1109 | 1053 | 1200 | 4.0% |
Russia | 819 | 979 | 1162 | 19.1% |
South Korea | 971 | 1092 | 1024 | 2.7% |
Australia | 900 | 832 | 973 | 4.0% |
Poland | 675 | 722 | 969 | 19.8% |
Spain | 628 | 394 | 707 | 6.1% |
Italy | 773 | 532 | 549 | -15.7% |
China | 471 | 449 | 460 | -1.2% |
Average | 953 | 920 | 1056 | 5.2% |
Prices varied noticeably by the country of destination; the country with the highest price was the UK ($1,362 per ton), while China ($460 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.
Iron Oxide Pigments - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
million USD | ||||
United States | 217 | 220 | 260 | 9.3% |
China | 80 | 73 | 77 | -2.3% |
Germany | 47 | 43 | 51 | 4.0% |
United Kingdom | 15 | 32 | 44 | 71.4% |
Netherlands | 19 | 31 | 42 | 47.3% |
In value terms, the United States ($260M) constitutes the largest market for imported iron oxides and hydroxides worldwide, comprising 24% of global imports. The second position in the ranking was occupied by China ($77M), with a 7.1% share of global imports. It was followed by Germany, with a 4.7% share.
In the United States, iron oxide pigments imports increased at an average annual rate of +9.3% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (-2.3% per year) and Germany (+4.0% per year).
Iron Oxide Pigments - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
million USD | ||||
China | 293 | 291 | 506 | 31.4% |
Germany | 287 | n/a | 144 | -29.3% |
United States | 69 | 49 | 60 | -6.6% |
Japan | 35 | 27 | 38 | 4.2% |
Brazil | 31 | 29 | 28 | -4.1% |
In value terms, China ($506M) remains the largest iron oxide pigments supplier worldwide, comprising 47% of global exports. The second position in the ranking was occupied by Germany ($144M), with a 13% share of global exports. It was followed by the United States, with a 5.6% share.
In China, iron oxide pigments exports increased at an average annual rate of +31.4% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Germany (-29.3% per year) and the United States (-6.6% per year).
Iron Oxide Pigments - Market Forecast
Driven by increasing demand for iron oxide pigments worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Iron Oxide Pigments - Top Companies
WESFARMERS CHEMICALS, ENERGY & FERTILISERS LIMITED, Solvay SA, Hanwha Chemical Corporation, Hubei Biocause Pharmaceutical Co., Ltd., E A JUFFALI & BROTHERS CO.,LTD, Xinjiang Zhongtai Chemical Co., Ltd., Olin Corporation, Celanese Corporation, TOTAL PETROCHEMICALS FRANCE, North Huajin Chemicals Industries Group Co., Ltd., Rohm and Haas Company, VERSALIS SPA, Avantor, Inc., Icl-Ip America Inc., LANXESS Deutschland GmbH, Israni Colour Chemicals Llc, Flint Group US LLC, Beijing Sanju Environmental Protection & New Materials Co., Ltd., Axiall Corporation, ARKEMA FRANCE
Iron Oxide Pigments - Product Coverage
- HS 2821 - Iron oxides and hydroxides; earth colours containing 70% or more by weight of combined iron evaluated as Fe2o3
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