Price for Iron Oxides and Hydroxides in Azerbaijan - 2023

Contents:

1. Price for Iron Oxides and Hydroxides in Azerbaijan (CIF) - 2022
2. Price for Iron Oxides and Hydroxides in Azerbaijan (FOB) - 2022
3. Imports of Iron Oxides and Hydroxides in Azerbaijan
4. Exports of Iron Oxides and Hydroxides in Azerbaijan

Price for Iron Oxides and Hydroxides in Azerbaijan (CIF) - 2022

The average iron oxides and hydroxides import price stood at $1,104 per ton in 2022, dropping by -5.2% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron oxides and hydroxides import price increased by +15.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 67%. The import price peaked at $1,514 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($4,126 per ton), while the price for Malaysia ($416 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron Oxides and Hydroxides in Azerbaijan (FOB) - 2022

The average iron oxides and hydroxides export price stood at $2,341 per ton in 2020, which is down by -4.1% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The export price peaked at $2,441 per ton in 2019, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2013 to 2020, the rate of growth in terms of prices for Russia amounted to +146.2% per year.

Imports of Iron Oxides and Hydroxides in Azerbaijan

In 2022, overseas purchases of iron oxides and hydroxideses were finally on the rise to reach 1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron oxides and hydroxides imports skyrocketed to $1.2M in 2022. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron Oxides and Hydroxides to Azerbaijan in 2022:

1. China (563.2 tons)
2. Malaysia (408.0 tons)
3. India (27.0 tons)
4. Turkey (24.9 tons)

Exports of Iron Oxides and Hydroxides in Azerbaijan

In 2020, the amount of iron oxides and hydroxideses exported from Azerbaijan dropped remarkably to 16 tons, reducing by -17.5% against the previous year's figure. Overall, exports saw a abrupt contraction.

In value terms, iron oxides and hydroxides exports contracted remarkably to $38K in 2020. Over the period under review, exports showed a dramatic contraction.

Top Export Markets for Iron Oxides and Hydroxides from Azerbaijan in 2022:

1. Kazakhstan (16.1 tons)

Source: IndexBox Market Intelligence Platform