Price for Iron Oxides and Hydroxides in Uzbekistan - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Uzbekistan (CIF) - 2023
- Price for Iron Oxides and Hydroxides in Uzbekistan (FOB) - 2023
- Imports of Iron Oxides and Hydroxides in Uzbekistan
- Exports of Iron Oxides and Hydroxides in Uzbekistan
Price for Iron Oxides and Hydroxides in Uzbekistan (CIF) - 2023
The average iron oxides and hydroxides import price stood at $1,563 per ton in May 2023, waning by -45.1% against the previous month. Over the period under review, the import price, however, enjoyed temperate growth. The growth pace was the most rapid in November 2022 when the average import price increased by 323% m-o-m. As a result, import price attained the peak level of $6,247 per ton. From December 2022 to May 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Belarus ($2,159 per ton), while the price for China ($1,394 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Uzbekistan (FOB) - 2023
In May 2023, the average iron oxides and hydroxides export price amounted to $902 per ton, surging by 13% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 35% against the previous month. The export price peaked at $1,244 per ton in September 2022; however, from October 2022 to May 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was Belarus ($1,434 per ton), while the average price for exports to Russia ($810 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Uzbekistan
In 2022, purchases abroad of iron oxides and hydroxideses increased by 84% to 3.6K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides imports skyrocketed to $4.1M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,197 | 3,057 | 2,412 | 3,267 | 14.1% |
| Lithuania | 92.1 | 73.6 | 21.3 | 329 | 52.9% |
| India | 4.1 | 2.6 | 10.9 | 163 | 241.3% |
| South Korea | N/A | 0.1 | 34.0 | 56.7 | 2281.2% |
| Others | 65.4 | 33.7 | 186 | 262 | 58.8% |
| Total | 2,358 | 3,167 | 2,664 | 4,077 | 20.0% |
Top Suppliers of Iron Oxides and Hydroxides to Uzbekistan in 2022:
- China (3001.8 tons)
- Lithuania (274.0 tons)
- India (94.1 tons)
- South Korea (57.5 tons)
Exports of Iron Oxides and Hydroxides in Uzbekistan
After two years of decline, overseas shipments of iron oxides and hydroxideses increased by 756% to 2.1K tons in 2022. Over the period under review, exports recorded a significant expansion. 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 soared to $2M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron Oxides and Hydroxides in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 192 | 125 | 174 | 1,070 | 77.3% |
| Kazakhstan | 19.1 | N/A | N/A | 703 | 232.6% |
| Belarus | N/A | 11.5 | 37.2 | 133 | 240.1% |
| Turkey | N/A | N/A | N/A | 88.2 | 0% |
| Others | N/A | 8.6 | 19.2 | 51.4 | 144.5% |
| Total | 212 | 145 | 231 | 2,045 | 112.9% |
Top Export Markets for Iron Oxides and Hydroxides from Uzbekistan in 2022:
- Russia (938.0 tons)
- Kazakhstan (849.6 tons)
- Belarus (140.2 tons)
- Turkey (88.0 tons)
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