Price for Iron Oxides and Hydroxides in Sri Lanka - 2021
Contents:
- Price for Iron Oxides and Hydroxides in Sri Lanka (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Sri Lanka (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Sri Lanka
- Exports of Iron Oxides and Hydroxides in Sri Lanka
Price for Iron Oxides and Hydroxides in Sri Lanka (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,333 per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $1,341 per ton in 2021, and then shrank slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($2,101 per ton), while the price for Indonesia ($330 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Sri Lanka (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $693 per ton, falling by -57.3% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 22%. The export price peaked at $2,355 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.8% per year.
Imports of Iron Oxides and Hydroxides in Sri Lanka
In 2022, purchases abroad of iron oxides and hydroxideses decreased by -46.2% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 34%.
In value terms, iron oxides and hydroxides imports plummeted to $1.7M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 55%. As a result, imports attained the peak of $3.1M, and then declined significantly in the following year.
| Import of Iron Oxides and Hydroxides in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,412 | 1,582 | 2,573 | 1,459 | 1.1% |
| Hong Kong SAR | 18.3 | 76.0 | 21.9 | 55.2 | 44.5% |
| India | 15.0 | 9.7 | 20.6 | 41.5 | 40.4% |
| Malaysia | 15.1 | 41.0 | 98.4 | 16.7 | 3.4% |
| Indonesia | 6.6 | 6.9 | 6.8 | 8.4 | 8.4% |
| Others | 194 | 300 | 411 | 93.9 | -21.5% |
| Total | 1,661 | 2,016 | 3,132 | 1,675 | 0.3% |
Top Suppliers of Iron Oxides and Hydroxides to Sri Lanka in 2022:
- China (1042.2 tons)
- India (106.5 tons)
- Hong Kong SAR (26.3 tons)
- Indonesia (25.6 tons)
- Malaysia (25.0 tons)
Exports of Iron Oxides and Hydroxides in Sri Lanka
After three years of growth, shipments abroad of iron oxides and hydroxideses decreased by -90% to 300 kg in 2022. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 291% against the previous year.
In value terms, iron oxides and hydroxides exports contracted notably to $208 in 2022. Over the period under review, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 204% against the previous year.
| Export of Iron Oxides and Hydroxides in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | N/A | 0.2 | 0% |
| China | 0.4 | N/A | N/A | N/A | 0% |
| India | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Maldives | 0.5 | 2.7 | 4.8 | N/A | 209.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 2.9 | 4.9 | 0.2 | -41.5% |
Top Export Markets for Iron Oxides and Hydroxides from Sri Lanka in 2022:
- Bangladesh (300.0 kg)
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