Price for Iron Oxides and Hydroxides in Luxembourg - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Luxembourg (CIF) - 2023
- Price for Iron Oxides and Hydroxides in Luxembourg (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Luxembourg
- Exports of Iron Oxides and Hydroxides in Luxembourg
Price for Iron Oxides and Hydroxides in Luxembourg (CIF) - 2023
In July 2023, the average iron oxides and hydroxides import price amounted to $12,511 per ton, surging by 85% against the previous month. In general, the import price showed a resilient expansion. The most prominent rate of growth was recorded in April 2023 an increase of 248% against the previous month. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($19,462 per ton), while the price for Germany ($3,567 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Luxembourg (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $2,269 per ton, waning by -4.3% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by 244%. As a result, the export price reached the peak level of $3,640 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($3,652 per ton), while the average price for exports to France ($1,105 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 UK (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Luxembourg
In 2022, overseas purchases of iron oxides and hydroxideses decreased by -7.1% to 177 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 27%. As a result, imports attained the peak of 194 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, iron oxides and hydroxides imports skyrocketed to $874K in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 64%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 25.7 | 99.6 | 278 | 428 | 155.4% |
| Germany | 115 | 134 | 164 | 141 | 7.0% |
| France | 8.6 | 18.8 | 3.2 | 139 | 152.8% |
| Spain | 20.2 | 60.4 | 78.2 | 79.4 | 57.8% |
| Netherlands | 74.8 | 88.0 | 138 | 47.4 | -14.1% |
| Italy | 2.1 | 1.1 | 3.9 | 25.6 | 130.1% |
| Others | 59.0 | 6.0 | 3.7 | 13.8 | -38.4% |
| Total | 306 | 408 | 670 | 874 | 41.9% |
Top Suppliers of Iron Oxides and Hydroxides to Luxembourg in 2022:
- Germany (79.7 tons)
- Belgium (30.2 tons)
- Spain (30.0 tons)
- Netherlands (14.0 tons)
- France (11.8 tons)
- Italy (9.4 tons)
Exports of Iron Oxides and Hydroxides in Luxembourg
In 2022, exports of iron oxides and hydroxideses from Luxembourg surged to 37 tons, with an increase of 60% compared with the year before. In general, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% 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 +61.7% against 2020 indices. 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 skyrocketed to $85K in 2022. Overall, exports enjoyed 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 Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 14.2 | 24.9 | 18.5 | 22.1 | 15.9% |
| United Kingdom | N/A | N/A | 2.9 | 17.2 | 493.1% |
| Italy | N/A | N/A | 10.1 | 15.3 | 51.5% |
| Belgium | 11.1 | 6.5 | 13.3 | 11.4 | 0.9% |
| Poland | 1.1 | 0.9 | 2.2 | 9.4 | 104.4% |
| Germany | 13.7 | 4.7 | 2.7 | 5.8 | -24.9% |
| France | 4.5 | 8.0 | 5.5 | 3.3 | -9.8% |
| Spain | N/A | 0.9 | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Total | 44.9 | 45.9 | 55.2 | 84.6 | 23.5% |
Top Export Markets for Iron Oxides and Hydroxides from Luxembourg in 2022:
- Belgium (8.5 tons)
- United Kingdom (6.6 tons)
- Thailand (6.0 tons)
- Italy (5.0 tons)
- Germany (5.0 tons)
- Poland (3.2 tons)
- France (3.0 tons)
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