Price for Iron Oxides and Hydroxides in New Zealand - 2023

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

In 2022, the average iron oxides and hydroxides import price amounted to $2,037 per ton, increasing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,355 per ton), while the price for China ($1,912 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average iron oxides and hydroxides export price stood at $166 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 207%. Over the period under review, the average export prices attained the peak figure at $5,735 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($707 per ton), while the average price for exports to Australia amounted to $93 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-8.8%).

Imports of Iron Oxides and Hydroxides in New Zealand

In 2022, overseas purchases of iron oxides and hydroxideses were finally on the rise to reach 2.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $6M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Iron Oxides and Hydroxides in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,803	1,897	1,930	4,062	31.1%
China	268	402	520	940	51.9%
Italy	539	349	185	609	4.2%
United States	185	64.3	107	38.4	-40.8%
Others	113	178	147	331	43.1%
Total	2,908	2,891	2,890	5,981	27.2%

Top Suppliers of Iron Oxides and Hydroxides to New Zealand in 2022:

Germany (2081.6 tons)
China (491.8 tons)
Italy (258.8 tons)
United States (18.4 tons)

Exports of Iron Oxides and Hydroxides in New Zealand

Iron oxides and hydroxides exports from New Zealand skyrocketed to 1.3K tons in 2022, growing by 18% compared with the previous year's figure. Over the period under review, exports, however, showed a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 75%.

In value terms, iron oxides and hydroxides exports soared to $222K in 2022. Overall, exports, however, showed a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year.