Price for Iron Oxides and Hydroxides in Egypt - 2023

Contents:

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

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

The average iron oxides and hydroxides import price stood at $1,383 per ton in 2021, increasing by 15% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 52%. Over the period under review, average import prices reached the peak figure at $2,435 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($1,383 per ton) and China ($1,383 per ton), while the price for Italy ($1,383 per ton) and Germany ($1,383 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average iron oxides and hydroxides export price stood at $1,550 per ton in 2021, with an increase of 4.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 902% against the previous year. The export price peaked at $1,940 per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Libya ($1,550 per ton), while the average price for exports to Lebanon ($533 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Oxides and Hydroxides in Egypt

In 2022, overseas purchases of iron oxides and hydroxideses decreased by -24.4% to 2.1K tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. As a result, imports reached the peak of 4.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, iron oxides and hydroxides imports shrank to $3.7M in 2022. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $5.7M. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. China (1638.1 tons)
2. Germany (627.9 tons)
3. Italy (249.9 tons)
4. India (99.3 tons)
5. Spain (24.6 tons)

Exports of Iron Oxides and Hydroxides in Egypt

For the third consecutive year, Egypt recorded decline in overseas shipments of iron oxides and hydroxideses, which decreased by -6.6% to 140 tons in 2022. In general, exports faced a sharp curtailment.

In value terms, iron oxides and hydroxides exports fell to $222K in 2022. Overall, exports saw a dramatic decrease.

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

1. Germany (96.8 tons)
2. Libya (71.1 tons)
3. Senegal (29.9 tons)
4. Lebanon (6.9 tons)

Source: IndexBox Market Intelligence Platform