Price for Iron Oxides and Hydroxides in India - 2023
Contents:
- Price for Iron Oxides and Hydroxides in India (CIF) - 2023
- Price for Iron Oxides and Hydroxides in India (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in India
- Exports of Iron Oxides and Hydroxides in India
Price for Iron Oxides and Hydroxides in India (CIF) - 2023
The average iron oxides and hydroxides import price stood at $1,247 per ton in September 2023, remaining relatively unchanged against the previous month. Over the period under review, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in March 2023 when the average import price increased by 33% m-o-m. As a result, import price attained the peak level of $1,599 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($2,810 per ton), while the price for Italy ($548 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Iron Oxides and Hydroxides in India (FOB) - 2022
The average iron oxides and hydroxides export price stood at $717 per ton in 2022, falling by -4.9% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 46%. The export price peaked at $793 per ton in 2020; however, from 2021 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 Bangladesh ($2,012 per ton), while the average price for exports to China ($144 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 the United States (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in India
In 2022, iron oxides and hydroxides imports into India contracted to 24K tons, which is down by -11.3% against the previous year's figure. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.9%.
In value terms, iron oxides and hydroxides imports expanded significantly to $37M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Iron Oxides and Hydroxides in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.4 | 14.8 | 17.0 | 25.0 | 12.8% |
| Germany | 2.8 | 2.7 | 2.7 | 3.9 | 11.7% |
| Japan | 2.6 | 1.3 | 2.0 | 1.7 | -13.2% |
| South Korea | N/A | 0.1 | 0.9 | 1.3 | 260.6% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Vietnam | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| France | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| South Africa | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Belgium | 6.3 | 5.8 | 5.5 | 0.1 | -74.9% |
| Others | 2.5 | 2.2 | 4.0 | 3.6 | 12.9% |
| Total | 32.0 | 27.3 | 32.9 | 36.6 | 4.6% |
Top Suppliers of Iron Oxides and Hydroxides to India in 2022:
- Belgium (undefinedK tons)
- China (14.9K tons)
- Germany (4.0K tons)
- Japan (1.4K tons)
- Taiwan (Chinese) (0.7K tons)
- Vietnam (0.6K tons)
- South Korea (0.6K tons)
- South Africa (0.5K tons)
- France (0.4K tons)
Exports of Iron Oxides and Hydroxides in India
In 2022, approx. 38K tons of iron oxides and hydroxideses were exported from India; jumping by 61% against the previous year's figure. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides exports surged to $27M in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron Oxides and Hydroxides in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,422 | 4,431 | 6,165 | 14,399 | 81.2% |
| Bangladesh | 470 | 433 | 974 | 1,250 | 38.5% |
| Saudi Arabia | 521 | 427 | 746 | 958 | 22.5% |
| United Arab Emirates | 699 | 640 | 393 | 700 | 0.0% |
| Nepal | 330 | 242 | 482 | 618 | 23.3% |
| Philippines | 191 | 171 | 156 | 551 | 42.4% |
| China | 408 | 361 | 313 | 439 | 2.5% |
| Australia | 11.9 | 32.2 | 312 | 418 | 227.5% |
| Argentina | 67.7 | 136 | 289 | 370 | 76.1% |
| Guinea | 66.9 | 53.2 | 126 | 162 | 34.3% |
| South Korea | 138 | 92.5 | 69.8 | 122 | -4.0% |
| Others | 6,336 | 6,433 | 7,640 | 7,083 | 3.8% |
| Total | 11,661 | 13,450 | 17,666 | 27,070 | 32.4% |
Top Export Markets for Iron Oxides and Hydroxides from India in 2022:
- United States (18.5K tons)
- China (3.0K tons)
- Argentina (2.2K tons)
- Saudi Arabia (2.1K tons)
- United Arab Emirates (1.6K tons)
- Philippines (1.4K tons)
- Nepal (1.0K tons)
- Australia (0.7K tons)
- Guinea (0.7K tons)
- Bangladesh (0.6K tons)
- South Korea (0.4K tons)
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