Price for Iron Oxides and Hydroxides in Ireland - 2023

Contents:

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

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

The average iron oxides and hydroxides import price stood at $2,040 per ton in 2022, increasing by 20% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The import price peaked at $2,406 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($3,552 per ton), while the price for Spain ($527 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average iron oxides and hydroxides export price stood at $1,323 per ton in 2022, increasing by 2.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 264%. As a result, the export price attained the peak level of $3,632 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 export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($3,672 per ton), while the average price for exports to Hungary ($1,267 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 (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Oxides and Hydroxides in Ireland

For the fourth consecutive year, Ireland recorded growth in purchases abroad of iron oxides and hydroxideses, which increased by 17% to 1.9K tons in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, iron oxides and hydroxides imports soared to $3.8M in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. China (1343.2 tons)
2. Germany (241.1 tons)
3. United Kingdom (204.1 tons)
4. Spain (41.9 tons)
5. United States (18.6 tons)

Exports of Iron Oxides and Hydroxides in Ireland

In 2022, iron oxides and hydroxides exports from Ireland expanded slightly to 111 tons, increasing by 3.7% compared with 2021. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 65%.

In value terms, iron oxides and hydroxides exports rose significantly to $147K in 2022. Over the period under review, exports, however, continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year.

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

1. Hungary (106.4 tons)
2. United Kingdom (2.1 tons)
3. Mexico (2.0 tons)

Source: IndexBox Market Intelligence Platform