Price for Iron Oxides and Hydroxides in Singapore - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Singapore (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Singapore (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Singapore
- Exports of Iron Oxides and Hydroxides in Singapore
Price for Iron Oxides and Hydroxides in Singapore (CIF) - 2022
The average iron oxides and hydroxides import price stood at $2,445 per ton in September 2022, declining by -53.4% against the previous month. Over the period under review, the import price, however, recorded resilient growth. The growth pace was the most rapid in October 2021 when the average import price increased by 79% against the previous month. Over the period under review, average import prices reached the peak figure at $5,247 per ton in August 2022, and then declined rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($4,740 per ton), while the price for Spain ($665 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by India (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Singapore (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $3,334 per ton, with an increase of 16% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 +63.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($11,648 per ton), while the average price for exports to Malaysia ($2,412 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 India (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Singapore
In 2022, after two years of decline, there was significant growth in overseas purchases of iron oxides and hydroxideses, when their volume increased by 14% to 948 tons. In general, imports, however, continue to indicate a abrupt decrease.
In value terms, iron oxides and hydroxides imports surged to $3.2M in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,553 | 759 | 781 | 1,536 | -0.4% |
| China | 466 | 346 | 409 | 619 | 9.9% |
| United Kingdom | 10.8 | 31.4 | 266 | 402 | 233.9% |
| Japan | 116 | 112 | 74.6 | 150 | 8.9% |
| Italy | 84.3 | 54.3 | 30.6 | 84.0 | -0.1% |
| Spain | 46.9 | 39.2 | 54.5 | 82.5 | 20.7% |
| Others | 368 | 124 | 69.9 | 276 | -9.1% |
| Total | 2,645 | 1,467 | 1,686 | 3,150 | 6.0% |
Top Suppliers of Iron Oxides and Hydroxides to Singapore in 2022:
- Germany (450.0 tons)
- China (243.1 tons)
- Spain (98.9 tons)
- Japan (62.1 tons)
- United Kingdom (19.3 tons)
- Italy (16.0 tons)
Exports of Iron Oxides and Hydroxides in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of iron oxides and hydroxideses, which decreased by -17.8% to 420 tons in 2022. In general, exports faced a precipitous slump. The smallest decline of -16.3% was in 2021.
In value terms, iron oxides and hydroxides exports reduced to $1.4M in 2022. Overall, exports faced a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year.
| Export of Iron Oxides and Hydroxides in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 789 | 478 | 389 | 404 | -20.0% |
| India | 2.8 | 5.4 | 371 | 285 | 366.9% |
| Thailand | 464 | 204 | 171 | 205 | -23.8% |
| Vietnam | 354 | 219 | 255 | 203 | -16.9% |
| Indonesia | 490 | 162 | 139 | 193 | -26.7% |
| Philippines | 128 | 139 | 15.2 | 67.9 | -19.0% |
| Others | 55.3 | 36.2 | 128 | 42.5 | -8.4% |
| Total | 2,283 | 1,245 | 1,469 | 1,401 | -15.0% |
Top Export Markets for Iron Oxides and Hydroxides from Singapore in 2022:
- Malaysia (167.5 tons)
- Vietnam (69.7 tons)
- Thailand (67.4 tons)
- Indonesia (59.2 tons)
- India (24.5 tons)
- Philippines (22.7 tons)
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