Price for Iron Oxides and Hydroxides in Spain - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Spain (CIF) - 2023
- Price for Iron Oxides and Hydroxides in Spain (FOB) - 2023
- Imports of Iron Oxides and Hydroxides in Spain
- Exports of Iron Oxides and Hydroxides in Spain
Price for Iron Oxides and Hydroxides in Spain (CIF) - 2023
In August 2023, the average iron oxides and hydroxides import price amounted to $414 per ton, which is down by -20.3% against the previous month. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in October 2022 an increase of 47% m-o-m. Over the period under review, average import prices attained the maximum at $787 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($5,568 per ton), while the price for France ($77.0 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Oxides and Hydroxides in Spain (FOB) - 2023
In August 2023, the average iron oxides and hydroxides export price amounted to $833 per ton, increasing by 3.9% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 38% against the previous month. As a result, the export price attained the peak level of $849 per ton. From February 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($2,214 per ton), while the average price for exports to Denmark ($441 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Spain
Iron oxides and hydroxides imports into Spain surged to 57K tons in 2022, jumping by 19% compared with the year before. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 32% against the previous year. As a result, imports reached the peak of 58K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, iron oxides and hydroxides imports skyrocketed to $40M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 7.3 | 15.1 | 15.5 | 27.9% |
| Germany | 6.3 | 5.3 | 6.1 | 8.1 | 8.7% |
| Belgium | 0.6 | 1.3 | 2.3 | 3.3 | 76.5% |
| Colombia | 2.0 | 2.2 | 2.0 | 2.6 | 9.1% |
| United States | 2.9 | 2.2 | 2.2 | 2.1 | -10.2% |
| France | 0.8 | 1.5 | 0.8 | 2.0 | 35.7% |
| Italy | 1.5 | 1.4 | 2.0 | 1.9 | 8.2% |
| Brazil | N/A | 0.4 | 0.2 | 0.7 | 32.3% |
| Sweden | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Others | 1.0 | 1.3 | 1.5 | 3.1 | 45.8% |
| Total | 22.9 | 23.3 | 32.6 | 39.7 | 20.1% |
Top Suppliers of Iron Oxides and Hydroxides to Spain in 2022:
- France (12.7K tons)
- China (9.0K tons)
- United States (8.4K tons)
- Belgium (7.9K tons)
- Sweden (5.4K tons)
- Germany (4.8K tons)
- Brazil (1.8K tons)
- Italy (1.6K tons)
- Colombia (1.4K tons)
Exports of Iron Oxides and Hydroxides in Spain
Iron oxides and hydroxides exports from Spain skyrocketed to 25K tons in 2022, picking up by 29% on 2021 figures. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides exports skyrocketed to $20M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +68.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Iron Oxides and Hydroxides in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,373 | 1,257 | 2,116 | 3,740 | 39.7% |
| France | 1,513 | 1,541 | 2,342 | 2,454 | 17.5% |
| Italy | 1,594 | 1,191 | 1,599 | 2,081 | 9.3% |
| Denmark | 131 | 296 | 610 | 2,054 | 150.3% |
| Portugal | 823 | 775 | 1,076 | 1,309 | 16.7% |
| Turkey | 499 | 566 | 605 | 821 | 18.1% |
| United States | 400 | 392 | 384 | 718 | 21.5% |
| Belgium | 475 | 615 | 686 | 701 | 13.9% |
| Netherlands | 121 | 130 | 233 | 538 | 64.4% |
| United Kingdom | 354 | 390 | 647 | 532 | 14.5% |
| Poland | 182 | 189 | 163 | 272 | 14.3% |
| Russia | 533 | 343 | 548 | 208 | -26.9% |
| Others | 4,410 | 4,453 | 5,147 | 5,024 | 4.4% |
| Total | 12,407 | 12,135 | 16,156 | 20,452 | 18.1% |
Top Export Markets for Iron Oxides and Hydroxides from Spain in 2022:
- Germany (5.7K tons)
- Denmark (3.7K tons)
- France (2.4K tons)
- United States (1.2K tons)
- Belgium (1.2K tons)
- Italy (1.0K tons)
- Turkey (0.9K tons)
- Netherlands (0.9K tons)
- United Kingdom (0.8K tons)
- Portugal (0.7K tons)
- Poland (0.4K tons)
- Russia (0.3K tons)
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