Price for Iron Oxides and Hydroxides in Hungary - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Hungary (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Hungary (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Hungary
- Exports of Iron Oxides and Hydroxides in Hungary
Price for Iron Oxides and Hydroxides in Hungary (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,709 per ton in 2022, jumping by 19% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 63% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
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 Belgium ($2,602 per ton), while the price for France ($1,181 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Hungary (FOB) - 2022
The average iron oxides and hydroxides export price stood at $2,527 per ton in 2022, reducing by -5.2% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 131%. Over the period under review, the average export prices attained the maximum at $3,991 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($9,816 per ton), while the average price for exports to Slovenia ($804 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 Germany (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Hungary
In 2022, approx. 1.4K tons of iron oxides and hydroxideses were imported into Hungary; with a decrease of -17.7% against the previous year's figure. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 1.8K tons, and then fell rapidly in the following year.
In value terms, iron oxides and hydroxides imports fell modestly to $2.5M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports attained the peak of $2.5M, and then shrank slightly in the following year.
| Import of Iron Oxides and Hydroxides in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 853 | 1,001 | 1,326 | 1,006 | 5.7% |
| Czech Republic | 265 | 257 | 420 | 750 | 41.5% |
| France | 130 | 129 | 91.8 | 204 | 16.2% |
| Austria | 65.3 | 34.6 | 98.7 | 147 | 31.1% |
| China | 61.8 | 70.8 | 98.6 | 133 | 29.1% |
| Spain | 0.2 | 15.1 | 2.3 | 110 | 719.3% |
| Italy | 255 | 288 | 211 | 86.6 | -30.2% |
| Slovakia | 52.0 | 19.0 | 21.7 | 6.2 | -50.8% |
| Denmark | 145 | 51.1 | 117 | N/A | -10.2% |
| Others | 99.4 | 232 | 142 | 33.8 | -30.2% |
| Total | 1,926 | 2,097 | 2,529 | 2,477 | 8.7% |
Top Suppliers of Iron Oxides and Hydroxides to Hungary in 2022:
- Czech Republic (519.8 tons)
- Germany (519.5 tons)
- France (173.0 tons)
- China (63.5 tons)
- Austria (62.1 tons)
- Spain (52.0 tons)
- Italy (42.5 tons)
- Slovakia (3.9 tons)
Exports of Iron Oxides and Hydroxides in Hungary
In 2022, exports of iron oxides and hydroxideses from Hungary fell notably to 43 tons, reducing by -39.8% compared with 2021. Over the period under review, exports saw a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year.
In value terms, iron oxides and hydroxides exports dropped notably to $110K in 2022. Overall, exports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. As a result, the exports attained the peak of $192K, and then contracted sharply in the following year.
| Export of Iron Oxides and Hydroxides in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 1.7 | 0.3 | 5.2 | 20.0 | 127.4% |
| Germany | 37.1 | 108 | 72.6 | 19.3 | -19.6% |
| Croatia | N/A | 0.4 | 1.7 | 14.8 | 508.3% |
| Slovenia | 0.9 | N/A | 0.3 | 11.6 | 134.5% |
| Slovakia | 22.0 | 6.4 | 3.9 | 11.6 | -19.2% |
| Czech Republic | 3.8 | 0.8 | 16.0 | 11.4 | 44.2% |
| Bulgaria | N/A | N/A | 0.4 | 7.4 | 1750.0% |
| Austria | 5.5 | 8.7 | 0.6 | 6.2 | 4.1% |
| Romania | 20.5 | 3.5 | 82.2 | 3.5 | -44.5% |
| New Zealand | 11.4 | N/A | N/A | N/A | 0% |
| Pakistan | 9.6 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 1.6 | 9.3 | 3.9 | 27.1% |
| Total | 114 | 130 | 192 | 110 | -1.2% |
Top Export Markets for Iron Oxides and Hydroxides from Hungary in 2022:
- Slovenia (14.4 tons)
- Slovakia (6.4 tons)
- Czech Republic (4.9 tons)
- Germany (4.6 tons)
- Bulgaria (3.9 tons)
- Croatia (2.4 tons)
- Romania (2.1 tons)
- Austria (2.1 tons)
- Serbia (2.0 tons)
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