Price for Iron Oxides and Hydroxides in Italy - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Italy (FOB) - 2022
- Price for Iron Oxides and Hydroxides in Italy (CIF) - 2022
- Exports of Iron Oxides and Hydroxides in Italy
- Imports of Iron Oxides and Hydroxides in Italy
Price for Iron Oxides and Hydroxides in Italy (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $2,874 per ton, picking up by 24% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 export price increased by +96.9% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
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 the United States ($5,064 per ton), while the average price for exports to Thailand ($502 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 (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Italy (CIF) - 2022
The average iron oxides and hydroxides import price stood at $994 per ton in 2022, rising by 58% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $1,080 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 China ($1,984 per ton), while the price for Austria ($231 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron Oxides and Hydroxides in Italy
In 2022, the amount of iron oxides and hydroxideses exported from Italy totaled 21K tons, picking up by 7.8% compared with the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 9.9%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, iron oxides and hydroxides exports surged to $61M in 2022. The total export value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.0 | 14.0 | 9.9 | 21.0 | 17.3% |
| Germany | 5.7 | 6.4 | 7.0 | 8.6 | 14.7% |
| United Kingdom | 4.5 | 3.2 | 3.4 | 4.0 | -3.9% |
| Netherlands | 2.1 | 2.8 | 3.3 | 3.5 | 18.6% |
| France | 2.1 | 1.8 | 2.6 | 2.4 | 4.6% |
| Spain | 1.8 | 1.7 | 2.0 | 1.9 | 1.8% |
| Egypt | 1.1 | 2.2 | 0.8 | 1.3 | 5.7% |
| Sweden | 0.8 | 1.1 | 1.1 | 1.3 | 17.6% |
| Austria | 1.2 | 1.2 | 1.2 | 1.3 | 2.7% |
| China | 1.1 | 0.9 | 1.1 | 1.2 | 2.9% |
| Poland | 0.9 | 1.0 | 1.1 | 1.1 | 6.9% |
| Thailand | 0.2 | 0.2 | 0.5 | 0.4 | 26.0% |
| Portugal | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 10.2 | 9.2 | 11.1 | 12.1 | 5.9% |
| Total | 45.0 | 45.7 | 45.3 | 60.6 | 10.4% |
Top Export Markets for Iron Oxides and Hydroxides from Italy in 2022:
- United States (4.2K tons)
- France (3.4K tons)
- Germany (3.2K tons)
- Spain (1.6K tons)
- Netherlands (1.0K tons)
- United Kingdom (0.9K tons)
- Thailand (0.8K tons)
- Portugal (0.6K tons)
- Egypt (0.5K tons)
- Austria (0.5K tons)
- Poland (0.3K tons)
- Sweden (0.3K tons)
- China (0.3K tons)
Imports of Iron Oxides and Hydroxides in Italy
In 2022, approx. 28K tons of iron oxides and hydroxideses were imported into Italy; which is down by -6.2% compared with the year before. Overall, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
In value terms, iron oxides and hydroxides imports skyrocketed to $28M in 2022. Over the period under review, imports, however, showed noticeable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 1.9 | 4.0 | 8.8 | 31.2% |
| Germany | 8.4 | 2.7 | 3.8 | 6.2 | -9.6% |
| France | 4.6 | 3.4 | 3.7 | 4.3 | -2.2% |
| Belgium | 2.0 | 1.4 | 2.2 | 3.5 | 20.5% |
| Spain | 1.3 | 1.1 | 1.7 | 1.4 | 2.5% |
| Austria | 1.0 | 0.8 | 0.5 | 0.8 | -7.2% |
| Netherlands | 1.2 | 0.9 | 0.9 | 0.7 | -16.4% |
| Czech Republic | 0.4 | 0.5 | 0.4 | 0.6 | 14.5% |
| Others | 2.4 | 1.0 | 1.5 | 1.6 | -12.6% |
| Total | 25.2 | 13.8 | 19.0 | 28.0 | 3.6% |
Top Suppliers of Iron Oxides and Hydroxides to Italy in 2022:
- Germany (8.6K tons)
- Belgium (5.2K tons)
- France (4.7K tons)
- China (4.4K tons)
- Austria (3.4K tons)
- Spain (0.7K tons)
- Czech Republic (0.5K tons)
- Netherlands (0.3K tons)
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