Price for Iron Oxides and Hydroxides in Bangladesh - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Bangladesh (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Bangladesh (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Bangladesh
- Exports of Iron Oxides and Hydroxides in Bangladesh
Price for Iron Oxides and Hydroxides in Bangladesh (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,239 per ton, with an increase of 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18%. The import price peaked at $1,270 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 Germany ($3,793 per ton), while the price for South Korea ($328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Oxides and Hydroxides in Bangladesh (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $721 per ton, with an increase of 62% against the previous year. In general, the export price, however, continues to indicate a slight setback. The export price peaked at $1,009 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($760 per ton), while the average price for exports to China ($222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Iron Oxides and Hydroxides in Bangladesh
Iron oxides and hydroxides imports into Bangladesh declined markedly to 2.5K tons in 2022, shrinking by -30.5% on the year before. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of 3.6K tons, and then reduced rapidly in the following year.
In value terms, iron oxides and hydroxides imports reduced sharply to $3.1M in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of $4.4M, and then contracted markedly in the following year.
| Import of Iron Oxides and Hydroxides in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,284 | 1,973 | 2,730 | 2,054 | -3.5% |
| Germany | 507 | 524 | 600 | 595 | 5.5% |
| India | 406 | 344 | 905 | 307 | -8.9% |
| Hong Kong SAR | 36.1 | 39.9 | 48.8 | 51.7 | 12.7% |
| Spain | 44.9 | 36.9 | 47.3 | 42.5 | -1.8% |
| South Korea | 19.6 | 18.0 | 17.2 | 17.4 | -3.9% |
| Others | 57.0 | 37.0 | 67.0 | 50.0 | -4.3% |
| Total | 3,355 | 2,973 | 4,415 | 3,117 | -2.4% |
Top Suppliers of Iron Oxides and Hydroxides to Bangladesh in 2022:
- China (1893.1 tons)
- India (259.2 tons)
- Germany (156.7 tons)
- Spain (94.5 tons)
- South Korea (53.0 tons)
- Hong Kong SAR (47.6 tons)
Exports of Iron Oxides and Hydroxides in Bangladesh
After three years of growth, overseas shipments of iron oxides and hydroxideses decreased by -35.9% to 425 tons in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports reached the peak of 663 tons, and then contracted remarkably in the following year.
In value terms, iron oxides and hydroxides exports expanded slightly to $306K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +81.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Iron Oxides and Hydroxides in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 158 | 92.8 | 198 | 276 | 20.4% |
| India | 36.9 | 66.1 | 87.5 | 26.0 | -11.0% |
| China | 2.9 | 2.3 | 10.4 | 4.1 | 12.2% |
| Others | N/A | 7.5 | N/A | N/A | 0% |
| Total | 197 | 169 | 296 | 306 | 15.8% |
Top Export Markets for Iron Oxides and Hydroxides from Bangladesh in 2022:
- South Korea (363.6 tons)
- India (42.9 tons)
- China (18.4 tons)
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