Price for Iron Oxides and Hydroxides in Poland - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Poland (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Poland (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Poland
- Exports of Iron Oxides and Hydroxides in Poland
Price for Iron Oxides and Hydroxides in Poland (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,330 per ton in 2022, picking up by 41% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 import price increased by +85.9% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($3,996 per ton), while the price for Austria ($412 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Poland (FOB) - 2022
The average iron oxides and hydroxides export price stood at $2,150 per ton in 2022, jumping by 29% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 +77.0% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($3,288 per ton), while the average price for exports to Belarus ($1,675 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 Ukraine (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Poland
In 2022, approx. 21K tons of iron oxides and hydroxideses were imported into Poland; falling by -8.6% compared with the previous year's figure. Overall, imports saw a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 2.6% against the previous year. As a result, imports reached the peak of 22K tons, and then dropped in the following year.
In value terms, iron oxides and hydroxides imports surged to $27M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Iron Oxides and Hydroxides in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.2 | 10.0 | 13.3 | 17.8 | 20.4% |
| Czech Republic | 0.7 | 1.3 | 0.9 | 1.4 | 26.0% |
| Denmark | N/A | N/A | N/A | 1.4 | 0% |
| Belgium | 1.0 | 0.6 | 1.4 | 1.3 | 9.1% |
| Austria | 1.0 | 1.0 | 1.2 | 1.2 | 6.3% |
| Netherlands | 0.3 | 0.4 | 1.3 | 0.9 | 44.2% |
| Italy | 0.8 | 0.9 | 1.0 | 0.9 | 4.0% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.8 | 0.7 | 20.5% |
| China | 0.4 | 0.5 | 0.6 | 0.7 | 20.5% |
| Others | 1.1 | 0.6 | 0.8 | 1.1 | 0.0% |
| Total | 15.9 | 15.7 | 21.3 | 27.3 | 19.7% |
Top Suppliers of Iron Oxides and Hydroxides to Poland in 2022:
- Germany (12.5K tons)
- Austria (2.9K tons)
- Netherlands (0.9K tons)
- Belgium (0.9K tons)
- Czech Republic (0.7K tons)
- Taiwan (Chinese) (0.7K tons)
- Italy (0.5K tons)
- Denmark (0.4K tons)
- China (0.4K tons)
Exports of Iron Oxides and Hydroxides in Poland
After three years of growth, shipments abroad of iron oxides and hydroxideses decreased by -13.2% to 5.1K tons in 2022. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 14%.
In value terms, iron oxides and hydroxides exports reached $11M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Iron Oxides and Hydroxides in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 6.2 | 7.2 | 8.0 | 12.6% |
| Russia | 0.2 | 0.3 | 0.2 | 0.9 | 65.1% |
| Lithuania | N/A | 0.5 | 0.4 | 0.6 | 9.5% |
| Ukraine | 0.6 | 0.5 | 0.5 | 0.3 | -20.6% |
| Vietnam | 0.3 | 1.0 | 1.0 | 0.3 | 0.0% |
| Belarus | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
| Total | 7.2 | 8.9 | 9.9 | 11.0 | 15.2% |
Top Export Markets for Iron Oxides and Hydroxides from Poland in 2022:
- China (3888.9 tons)
- Russia (515.0 tons)
- Lithuania (170.2 tons)
- Ukraine (148.2 tons)
- Belarus (143.1 tons)
- Vietnam (40.6 tons)
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