Price for Iron Oxides and Hydroxides in Vietnam - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Vietnam (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Vietnam (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Vietnam
- Exports of Iron Oxides and Hydroxides in Vietnam
Price for Iron Oxides and Hydroxides in Vietnam (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,275 per ton, with a decrease of -10.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 34% against the previous year. As a result, import price attained the peak level of $1,476 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1,787 per ton), while the price for Taiwan (Chinese) ($1,095 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Oxides and Hydroxides in Vietnam (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $1,339 per ton, with an increase of 7.1% against the previous year. Overall, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 23%. The export price peaked at $3,449 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($1,581 per ton) and Hong Kong SAR ($1,393 per ton), while the average price for exports to China ($1,332 per ton) and South Korea ($1,332 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-3.0%), while the prices for the other major destinations experienced a decline.
Imports of Iron Oxides and Hydroxides in Vietnam
Iron oxides and hydroxides imports into Vietnam expanded markedly to 11K tons in 2022, picking up by 7.3% against the year before. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, iron oxides and hydroxides imports contracted slightly to $14M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 26%.
| Import of Iron Oxides and Hydroxides in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 8.9 | 8.7 | 8.9 | 9.4% |
| Germany | 1.5 | 2.1 | 1.6 | 1.7 | 4.3% |
| South Korea | 0.4 | 0.7 | 0.7 | 0.7 | 20.5% |
| Italy | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Taiwan (Chinese) | 0.5 | 0.3 | 0.1 | 0.2 | -26.3% |
| Japan | 0.3 | 0.4 | 0.4 | 0.1 | -30.7% |
| Others | 0.9 | 0.7 | 2.8 | 1.7 | 23.6% |
| Total | 10.5 | 13.2 | 14.3 | 13.7 | 9.3% |
Top Suppliers of Iron Oxides and Hydroxides to Vietnam in 2022:
- China (7.3K tons)
- Germany (1.4K tons)
- South Korea (0.6K tons)
- Italy (0.2K tons)
- Taiwan (Chinese) (0.2K tons)
- Japan (0.1K tons)
Exports of Iron Oxides and Hydroxides in Vietnam
After three years of growth, shipments abroad of iron oxides and hydroxideses decreased by -21.3% to 2.7K tons in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 73% against the previous year. As a result, the exports attained the peak of 3.5K tons, and then contracted remarkably in the following year.
In value terms, iron oxides and hydroxides exports contracted remarkably to $3.7M in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 56%.
| Export of Iron Oxides and Hydroxides in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,214 | 2,218 | 3,228 | 2,713 | 30.7% |
| South Korea | 303 | 345 | 417 | 351 | 5.0% |
| Hong Kong SAR | 225 | 224 | 415 | 345 | 15.3% |
| Germany | 64.5 | 108 | 103 | 86.9 | 10.4% |
| India | 42.5 | 59.4 | 95.2 | 80.0 | 23.5% |
| Others | 66.1 | 34.5 | 93.1 | 95.1 | 12.9% |
| Total | 1,915 | 2,989 | 4,352 | 3,671 | 24.2% |
Top Export Markets for Iron Oxides and Hydroxides from Vietnam in 2022:
- China (2036.7 tons)
- South Korea (263.2 tons)
- Hong Kong SAR (247.7 tons)
- India (60.1 tons)
- Germany (55.0 tons)
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