Price for Iron Oxides and Hydroxides in the United Arab Emirates - 2021
Contents:
- Price for Iron Oxides and Hydroxides in the United Arab Emirates (CIF) - 2022
- Price for Iron Oxides and Hydroxides in the United Arab Emirates (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in the United Arab Emirates
- Exports of Iron Oxides and Hydroxides in the United Arab Emirates
Price for Iron Oxides and Hydroxides in the United Arab Emirates (CIF) - 2022
In 2021, the average iron oxides and hydroxides import price amounted to $1,170 per ton, growing by 40% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron oxides and hydroxides import price increased by +84.1% against 2017 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 the UK ($2,010 per ton), while the price for Italy ($499 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in the United Arab Emirates (FOB) - 2022
The average iron oxides and hydroxides export price stood at $711 per ton in 2021, growing by 27% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 71%. As a result, the export price reached the peak level of $1,127 per ton. From 2017 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($5,949 per ton), while the average price for exports to Australia ($198 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 Iran (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in the United Arab Emirates
In 2022, approx. 7.3K tons of iron oxides and hydroxideses were imported into the United Arab Emirates; falling by -11.8% against the previous year. In general, imports saw a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of 8.2K tons, and then shrank in the following year.
In value terms, iron oxides and hydroxides imports declined dramatically to $7.5M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +41.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. As a result, imports attained the peak of $9.6M, and then declined dramatically in the following year.
| Import of Iron Oxides and Hydroxides in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | N/A | N/A | 2,988 | 0% | |
| China | 4,372 | 3,584 | 1,782 | -36.2% | |
| India | 728 | 635 | 263 | -39.9% | |
| United Kingdom | 214 | 173 | 131 | -21.8% | |
| Spain | 85.2 | 63.9 | 96.8 | 6.6% | |
| Italy | 17.7 | 15.1 | 42.8 | 55.5% | |
| South Korea | 204 | 123 | 6.6 | -82.0% | |
| France | 52.9 | 53.2 | N/A | 0.6% | |
| Others | 139 | 620 | 4,333 | 458.3% | |
| Total | 5,812 | 5,268 | 9,643 | 28.8% | |
Top Suppliers of Iron Oxides and Hydroxides to the United Arab Emirates in 2022:
- South Korea (undefinedK tons)
- Germany (1.7K tons)
- China (1.5K tons)
- India (0.4K tons)
- Italy (0.1K tons)
- United Kingdom (0.1K tons)
- Spain (0.1K tons)
Exports of Iron Oxides and Hydroxides in the United Arab Emirates
After three years of growth, shipments abroad of iron oxides and hydroxideses decreased by -2.7% to 1.4K tons in 2022. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14%.
In value terms, iron oxides and hydroxides exports dropped to $866K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +34.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports reached the peak of $992K, and then contracted in the following year.
| Export of Iron Oxides and Hydroxides in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 248 | 311 | 256 | 1.6% | |
| Pakistan | 10.5 | 124 | 174 | 307.1% | |
| Oman | 258 | 186 | 147 | -24.5% | |
| Saudi Arabia | N/A | 3.6 | 88.5 | 2358.3% | |
| Kuwait | N/A | N/A | 36.4 | 0% | |
| Australia | N/A | N/A | 24.9 | 0% | |
| Turkmenistan | N/A | N/A | 23.2 | 0% | |
| Angola | 56.4 | N/A | N/A | 0% | |
| Others | 71.7 | 116 | 243 | 84.1% | |
| Total | 645 | 740 | 992 | 24.0% | |
Top Export Markets for Iron Oxides and Hydroxides from the United Arab Emirates in 2022:
- China (948.3 tons)
- Pakistan (138.3 tons)
- Australia (125.6 tons)
- Saudi Arabia (111.2 tons)
- Oman (85.6 tons)
- Turkmenistan (60.1 tons)
- Kuwait (53.3 tons)
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