Price for Iron Oxides and Hydroxides in Finland - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Finland (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Finland (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Finland
- Exports of Iron Oxides and Hydroxides in Finland
Price for Iron Oxides and Hydroxides in Finland (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $2,635 per ton, with an increase of 23% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +102.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($3,066 per ton), while the price for Italy ($2,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Finland (FOB) - 2022
The average iron oxides and hydroxides export price stood at $136 per ton in 2022, picking up by 7.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 51%. As a result, the export price attained the peak level of $177 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($380 per ton), while the average price for exports to the Netherlands ($42 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 Italy (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Finland
In 2022, the amount of iron oxides and hydroxideses imported into Finland stood at 1.4K tons, picking up by 15% compared with the year before. Overall, imports, however, continue to indicate a pronounced slump.
In value terms, iron oxides and hydroxides imports skyrocketed to $3.6M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,198 | 1,461 | 1,547 | 2,135 | 21.2% |
| Lithuania | N/A | N/A | 0.9 | 433 | 48011.1% |
| Italy | 519 | 407 | 309 | 383 | -9.6% |
| Netherlands | 0.2 | 25.7 | 68.8 | 115 | 731.6% |
| Denmark | 78.6 | 75.1 | 102 | 108 | 11.2% |
| Belgium | 1.8 | N/A | 0.9 | 69.2 | 237.5% |
| Hong Kong SAR | N/A | N/A | N/A | 68.9 | 0% |
| Spain | 26.6 | 13.3 | 29.5 | 16.2 | -15.2% |
| China | 86.1 | N/A | 71.3 | 0.1 | -89.5% |
| Others | 149 | 153 | 431 | 285 | 24.1% |
| Total | 2,060 | 2,135 | 2,561 | 3,612 | 20.6% |
Top Suppliers of Iron Oxides and Hydroxides to Finland in 2022:
- China (undefined tons)
- Germany (773.2 tons)
- Lithuania (193.8 tons)
- Italy (190.7 tons)
- Netherlands (51.1 tons)
- Denmark (35.2 tons)
- Hong Kong SAR (31.2 tons)
- Belgium (31.2 tons)
- Spain (23.0 tons)
Exports of Iron Oxides and Hydroxides in Finland
In 2022, exports of iron oxides and hydroxideses from Finland reached 5.2K tons, increasing by 2% on the previous year's figure. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +26.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 87% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, iron oxides and hydroxides exports rose remarkably to $704K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron Oxides and Hydroxides in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 167 | 244 | 300 | 251 | 14.5% |
| United States | 85.9 | 119 | 145 | 149 | 20.2% |
| Italy | 74.5 | 67.7 | 40.8 | 93.3 | 7.8% |
| Netherlands | 18.5 | 24.7 | 18.6 | 69.8 | 55.7% |
| Russia | 21.8 | 48.1 | 52.7 | 49.8 | 31.7% |
| Poland | 16.4 | 16.5 | 19.8 | 25.9 | 16.5% |
| Denmark | 5.4 | 7.9 | 7.7 | 6.0 | 3.6% |
| Others | 61.8 | 81.0 | 54.6 | 58.9 | -1.6% |
| Total | 451 | 609 | 640 | 704 | 16.0% |
Top Export Markets for Iron Oxides and Hydroxides from Finland in 2022:
- Netherlands (1656.9 tons)
- Russia (1164.0 tons)
- Germany (748.3 tons)
- Poland (618.0 tons)
- United States (437.6 tons)
- Italy (245.4 tons)
- Denmark (72.6 tons)
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