Price for Iron Oxides and Hydroxides in Saudi Arabia - 2021
Contents:
- Price for Iron Oxides and Hydroxides in Saudi Arabia (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Saudi Arabia (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Saudi Arabia
- Exports of Iron Oxides and Hydroxides in Saudi Arabia
Price for Iron Oxides and Hydroxides in Saudi Arabia (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,645 per ton in 2021, rising by 52% against the previous year. In general, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 177% against the previous year. As a result, import price attained the peak level of $2,455 per ton. From 2020 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($1,581 per ton), while the price for India ($409 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced a decline.
Price for Iron Oxides and Hydroxides in Saudi Arabia (FOB) - 2022
In 2021, the average iron oxides and hydroxides export price amounted to $947 per ton, with an increase of 73% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The export price peaked at $1,155 per ton in 2013; however, from 2014 to 2021, the 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 Jordan ($4,395 per ton), while the average price for exports to Nigeria ($353 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+5.6%), while the prices for the other major destinations experienced a decline.
Imports of Iron Oxides and Hydroxides in Saudi Arabia
In 2022, imports of iron oxides and hydroxideses into Saudi Arabia shrank notably to 6.3K tons, declining by -20.5% compared with 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of 7.9K tons, and then shrank notably in the following year.
In value terms, iron oxides and hydroxides imports declined rapidly to $9M in 2022. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 158% against the previous year.
| Import of Iron Oxides and Hydroxides in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 2.4 | 2.0 | 6.4 | 63.3% | |
| Germany | 11.4 | 2.1 | 3.0 | -48.7% | |
| United Kingdom | 0.4 | 0.4 | 1.7 | 106.2% | |
| South Korea | 0.6 | N/A | 0.9 | 22.5% | |
| India | 0.4 | 0.3 | 0.5 | 11.8% | |
| Others | 0.6 | 0.2 | 0.4 | -18.4% | |
| Total | 15.8 | 5.0 | 13.0 | -9.3% | |
Top Suppliers of Iron Oxides and Hydroxides to Saudi Arabia in 2022:
- China (7.0K tons)
- Germany (1.9K tons)
- United Kingdom (1.5K tons)
- India (1.3K tons)
- South Korea (1.2K tons)
Exports of Iron Oxides and Hydroxides in Saudi Arabia
In 2022, exports of iron oxides and hydroxideses from Saudi Arabia skyrocketed to 50 tons, rising by 94% compared with the year before. In general, exports saw a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 141%. As a result, the exports reached the peak of 74 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, iron oxides and hydroxides exports surged to $32K in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 216% against the previous year. As a result, the exports reached the peak of $41K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Iron Oxides and Hydroxides in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | N/A | N/A | 31.7 | 0% | |
| Kuwait | N/A | N/A | 29.6 | 0% | |
| Jordan | 105 | 124 | 19.7 | -56.7% | |
| Egypt | 9.7 | N/A | 9.8 | 0.5% | |
| Bahrain | N/A | N/A | 9.7 | 0% | |
| Nigeria | N/A | N/A | 9.4 | 0% | |
| Turkey | N/A | 22.2 | 6.6 | -70.3% | |
| India | 3.0 | 2.8 | 4.2 | 18.3% | |
| Spain | 32.1 | N/A | 2.1 | -74.4% | |
| Oman | 1.5 | 14.4 | N/A | 860.0% | |
| Others | -138.4 | -123.1 | -98.5 | -15.6% | |
| Total | 12.8 | 40.5 | 24.3 | 37.8% | |
Top Export Markets for Iron Oxides and Hydroxides from Saudi Arabia in 2022:
- Kuwait (75.0 tons)
- Nigeria (26.5 tons)
- Turkey (16.8 tons)
- Egypt (15.0 tons)
- United Arab Emirates (12.0 tons)
- India (7.2 tons)
- Bahrain (6.9 tons)
- Jordan (4.5 tons)
- Spain (3.2 tons)
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