Price for Iron Oxides and Hydroxides in Colombia - 2022

Contents:

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

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

The average iron oxides and hydroxides export price stood at $1,632 per ton in February 2022, remaining relatively unchanged against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in June 2021 when the average export price increased by 6.3% month-to-month. The export price peaked at $1,641 per ton in October 2021; afterwards, it flattened through to February 2022.

Average prices varied somewhat for the major export markets. In February 2022, the countries with the highest prices were Brazil ($1,903 per ton) and Mexico ($1,900 per ton), while the average price for exports to Morocco ($1,306 per ton) and the United States ($1,592 per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average iron oxides and hydroxides import price stood at $2,086 per ton in February 2022, declining by -2.1% against the previous month. In general, the import price, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in April 2021 when the average import price increased by 412% against the previous month. As a result, import price attained the peak level of $7,832 per ton. From May 2021 to February 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($8,250 per ton), while the price for Spain ($1,541 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron Oxides and Hydroxides in Colombia

In 2022, exports of iron oxides and hydroxideses from Colombia reduced to 5.5K tons, shrinking by -9.6% against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports reached the peak of 6.1K tons, and then reduced in the following year.

In value terms, iron oxides and hydroxides exports reduced to $8.4M in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of $9.4M, and then reduced in the following year.

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

1. Spain (1328.6 tons)
2. United States (1052.1 tons)
3. Brazil (327.3 tons)
4. Argentina (310.6 tons)
5. Morocco (280.5 tons)
6. Chile (232.4 tons)
7. Ecuador (230.6 tons)
8. Dominican Republic (223.2 tons)
9. Mexico (198.3 tons)
10. Costa Rica (171.5 tons)
11. Bolivia (147.0 tons)
12. Turkey (72.8 tons)
13. Uruguay (47.9 tons)

Imports of Iron Oxides and Hydroxides in Colombia

Iron oxides and hydroxides imports into Colombia reduced to 2.3K tons in 2022, shrinking by -12.2% compared with the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports attained the peak of 2.6K tons, and then reduced in the following year.

In value terms, iron oxides and hydroxides imports fell significantly to $2.7M in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year.

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

1. China (1695.7 tons)
2. United States (215.7 tons)
3. Spain (124.7 tons)
4. Germany (111.1 tons)
5. Brazil (48.2 tons)

Source: IndexBox Market Intelligence Platform