Price for Iron Oxides and Hydroxides in Brazil - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Brazil (FOB) - 2022
- Price for Iron Oxides and Hydroxides in Brazil (CIF) - 2023
- Exports of Iron Oxides and Hydroxides in Brazil
- Imports of Iron Oxides and Hydroxides in Brazil
Price for Iron Oxides and Hydroxides in Brazil (FOB) - 2022
The average iron oxides and hydroxides export price stood at $1,092 per ton in 2022, increasing by 6.4% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of 486% against the previous year. The export price peaked at $1,333 per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 Argentina ($1,706 per ton), while the average price for exports to the UK ($471 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 Spain (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Brazil (CIF) - 2023
The average iron oxides and hydroxides import price stood at $2,749 per ton in October 2023, increasing by 54% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $3,104 per ton in April 2023; however, from May 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($5,453 per ton), while the price for Canada ($697 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Iron Oxides and Hydroxides in Brazil
Iron oxides and hydroxides exports from Brazil totaled 27K tons in 2022, surging by 2.7% on 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 7.3%. As a result, the exports attained the peak of 28K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, iron oxides and hydroxides exports totaled $29M in 2022. Overall, exports, however, showed a mild shrinkage.
| Export of Iron Oxides and Hydroxides in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.8 | 15.5 | 14.4 | 16.5 | -2.5% |
| Germany | 6.2 | 3.9 | 4.7 | 6.0 | -1.1% |
| Mexico | 2.2 | 1.7 | 1.9 | 1.7 | -8.2% |
| Argentina | 0.6 | 0.5 | 1.0 | 1.0 | 18.6% |
| South Korea | 0.2 | 0.5 | 0.6 | 0.4 | 26.0% |
| Spain | N/A | 0.3 | 0.2 | 0.4 | 15.5% |
| United Kingdom | 0.7 | 1.0 | 0.4 | 0.2 | -34.1% |
| Others | 3.0 | 2.9 | 3.5 | 3.0 | 0.0% |
| Total | 30.6 | 26.4 | 26.6 | 29.0 | -1.8% |
Top Export Markets for Iron Oxides and Hydroxides from Brazil in 2022:
- United States (15.6K tons)
- Germany (5.5K tons)
- Mexico (1.6K tons)
- South Korea (0.8K tons)
- Argentina (0.6K tons)
- Spain (0.6K tons)
- United Kingdom (0.4K tons)
Imports of Iron Oxides and Hydroxides in Brazil
In 2022, the amount of iron oxides and hydroxideses imported into Brazil expanded modestly to 7.2K tons, with an increase of 4.3% on the previous year's figure. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, iron oxides and hydroxides imports soared to $16M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Iron Oxides and Hydroxides in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 2.9 | 4.5 | 6.3 | 32.6% |
| Germany | 4.2 | 3.3 | 4.1 | 5.3 | 8.1% |
| United States | 1.7 | 1.3 | 0.9 | 1.1 | -13.5% |
| Colombia | 0.6 | 0.4 | 0.6 | 0.7 | 5.3% |
| Canada | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Austria | 0.2 | 0.1 | 0.5 | 0.2 | 0.0% |
| Spain | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 1.3 | 1.1 | 1.8 | 2.3 | 20.9% |
| Total | 11.1 | 9.3 | 12.6 | 16.3 | 13.7% |
Top Suppliers of Iron Oxides and Hydroxides to Brazil in 2022:
- China (3281.9 tons)
- Germany (2438.9 tons)
- Canada (524.0 tons)
- Colombia (340.1 tons)
- Austria (168.0 tons)
- United States (117.4 tons)
- Spain (116.1 tons)
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