Price for Iron Oxides and Hydroxides in Mexico - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Mexico (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Mexico (FOB) - 2023
- Imports of Iron Oxides and Hydroxides in Mexico
- Exports of Iron Oxides and Hydroxides in Mexico
Price for Iron Oxides and Hydroxides in Mexico (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,703 per ton, jumping by 31% against the previous year. Over the period under review, the import price posted a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($2,534 per ton), while the price for the United States ($978 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Mexico (FOB) - 2023
In August 2023, the average iron oxides and hydroxides export price amounted to $6,515 per ton, increasing by 70% against the previous month. Overall, the export price enjoyed a strong expansion. The growth pace was the most rapid in April 2023 when the average export price increased by 103% m-o-m. The export price peaked at $17,421 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +9.5% per month.
Imports of Iron Oxides and Hydroxides in Mexico
Iron oxides and hydroxides imports into Mexico surged to 17K tons in 2022, increasing by 65% compared with 2021. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides imports surged to $28M in 2022. Overall, imports posted significant 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.1 | N/A | 4.0 | 10.2 | 0.3% |
| China | N/A | N/A | 4.9 | 9.8 | 100.0% |
| United States | N/A | N/A | 3.5 | 5.6 | 60.0% |
| Brazil | 2.2 | N/A | 0.4 | 1.3 | -16.1% |
| Others | 1.3 | N/A | 0.4 | 1.3 | 0.0% |
| Total | 13.6 | N/A | 13.1 | 28.3 | 27.7% |
Top Suppliers of Iron Oxides and Hydroxides to Mexico in 2022:
- United States (5.7K tons)
- China (5.4K tons)
- Germany (4.0K tons)
- Brazil (1.0K tons)
Exports of Iron Oxides and Hydroxides in Mexico
In 2022, iron oxides and hydroxides exports from Mexico reached 108 tons, leveling off at the previous year. In general, exports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, the exports attained the peak of 129 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron oxides and hydroxides exports shrank slightly to $229K in 2022. The total export value increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. As a result, the exports attained the peak of $236K, and then declined in the following year.
| Export of Iron Oxides and Hydroxides in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 151 | 45.9 | 226 | 228 | 14.7% |
| Dominican Republic | 3.6 | 50.5 | N/A | N/A | 1302.8% |
| Guatemala | N/A | 70.8 | N/A | N/A | 0% |
| Others | 21.3 | 6.1 | 9.9 | 1.7 | -56.9% |
| Total | 176 | 173 | 236 | 229 | 9.2% |
Top Export Markets for Iron Oxides and Hydroxides from Mexico in 2022:
- United States (108.4 tons)
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