Price for Iron Oxides and Hydroxides in Cameroon - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Cameroon (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Cameroon (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Cameroon
- Exports of Iron Oxides and Hydroxides in Cameroon
Price for Iron Oxides and Hydroxides in Cameroon (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,733 per ton in 2022, dropping by -7.3% against the previous year. In general, the import price showed a mild descent. The pace of growth was the most pronounced in 2013 an increase of 48%. As a result, import price attained the peak level of $2,823 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 Belgium ($3,295 per ton), while the price for China ($870 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Cameroon (FOB) - 2022
The average iron oxides and hydroxides export price stood at $2,786 per ton in 2022, shrinking by -20.3% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 120%. The export price peaked at $5,517 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($5,059 per ton), while the average price for exports to Gabon amounted to $2,447 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.0%).
Imports of Iron Oxides and Hydroxides in Cameroon
For the fourth consecutive year, Cameroon recorded growth in overseas purchases of iron oxides and hydroxideses, which increased by 11% to 84 tons in 2022. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 11%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, iron oxides and hydroxides imports reached $146K in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. As a result, imports attained the peak of $148K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Iron Oxides and Hydroxides in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.9 | 20.4 | 27.1 | 35.8 | 28.4% |
| China | 19.9 | 8.4 | 62.2 | 29.5 | 14.0% |
| Netherlands | 13.4 | 22.4 | 12.3 | 23.6 | 20.8% |
| France | 18.9 | 15.4 | 10.2 | 16.1 | -5.2% |
| South Africa | 12.6 | 18.3 | 10.7 | 15.6 | 7.4% |
| Italy | 6.2 | 9.1 | 5.4 | 7.8 | 8.0% |
| India | 2.7 | 9.3 | 5.1 | 6.9 | 36.7% |
| Belgium | 7.6 | 39.9 | 5.4 | 6.0 | -7.6% |
| Others | 11.0 | 4.8 | 3.8 | 4.5 | -25.8% |
| Total | 109 | 148 | 142 | 146 | 10.2% |
Top Suppliers of Iron Oxides and Hydroxides to Cameroon in 2022:
- China (33.8 tons)
- Germany (13.7 tons)
- Netherlands (11.9 tons)
- South Africa (11.7 tons)
- France (5.0 tons)
- Italy (2.5 tons)
- India (2.3 tons)
- Belgium (1.8 tons)
Exports of Iron Oxides and Hydroxides in Cameroon
In 2022, after three years of growth, there was significant decline in overseas shipments of iron oxides and hydroxideses, when their volume decreased by -55.3% to 131 kg. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of 293 kg, and then declined notably in the following year.
In value terms, iron oxides and hydroxides exports contracted rapidly to $365 in 2022. Over the period under review, exports recorded a significant decline. The smallest decline of -8.2% was in 2020.
| Export of Iron Oxides and Hydroxides in Cameroon (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Gabon | 1,034 | 876 | 590 | 279 | -35.4% |
| South Korea | 290 | 339 | 434 | 86.0 | -33.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,324 | 1,215 | 1,024 | 365 | -34.9% |
Top Export Markets for Iron Oxides and Hydroxides from Cameroon in 2022:
- Gabon (114.0 kg)
- South Korea (17.0 kg)
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