Price for Iron Oxides and Hydroxides in Angola - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Angola (CIF) - 2022
- Imports of Iron Oxides and Hydroxides in Angola
Price for Iron Oxides and Hydroxides in Angola (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,180 per ton, waning by -16.6% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 57%. The import price peaked at $2,799 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($3,783 per ton), while the price for Italy ($450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron Oxides and Hydroxides in Angola
After three years of growth, purchases abroad of iron oxides and hydroxideses decreased by -8.4% to 250 tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.7% 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 +93.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 76% against the previous year.
In value terms, iron oxides and hydroxides imports dropped notably to $296K in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 90%. As a result, imports reached the peak of $387K, and then shrank dramatically in the following year.
| Import of Iron Oxides and Hydroxides in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 54.9 | 36.3 | 108 | 92.3 | 18.9% |
| Italy | N/A | 18.9 | 12.0 | 39.9 | 45.3% |
| United Kingdom | 48.4 | 35.4 | 53.5 | 17.7 | -28.5% |
| Belgium | 10.5 | 1.8 | N/A | 5.4 | -19.9% |
| China | 54.5 | 68.5 | 61.1 | N/A | 5.9% |
| United Arab Emirates | 32.9 | N/A | N/A | N/A | 0% |
| Others | 16.3 | 43.2 | 153 | 140 | 104.8% |
| Total | 217 | 204 | 387 | 296 | 10.9% |
Top Suppliers of Iron Oxides and Hydroxides to Angola in 2022:
- Italy (88.6 tons)
- Portugal (31.6 tons)
- United Kingdom (4.7 tons)
- Belgium (2.3 tons)
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