Price for Iron Oxides and Hydroxides in Canada - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Canada (CIF) - 2023
- Price for Iron Oxides and Hydroxides in Canada (FOB) - 2023
- Imports of Iron Oxides and Hydroxides in Canada
- Exports of Iron Oxides and Hydroxides in Canada
Price for Iron Oxides and Hydroxides in Canada (CIF) - 2023
In September 2023, the average iron oxides and hydroxides import price amounted to $1,430 per ton, dropping by -10.4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 115% month-to-month. As a result, import price attained the peak level of $2,385 per ton. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($2,702 per ton), while the price for the United States ($809 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Iron Oxides and Hydroxides in Canada (FOB) - 2023
The average iron oxides and hydroxides export price stood at $1,000 per ton in September 2023, with an increase of 31% against the previous month. Overall, the export price enjoyed a moderate expansion. The pace of growth appeared the most rapid in February 2023 an increase of 130% against the previous month. Over the period under review, the average export prices hit record highs at $2,245 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the country with the highest price was the United States ($1,004 per ton), while the average price for exports to Guyana totaled $788 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.8%).
Imports of Iron Oxides and Hydroxides in Canada
In 2022, imports of iron oxides and hydroxideses into Canada surged to 24K tons, picking up by 36% against the year before. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.5% 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 +55.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides imports surged to $38M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.2 | 7.5 | 8.8 | 14.2 | 20.1% |
| Germany | 5.5 | 5.0 | 4.5 | 9.9 | 21.6% |
| China | 4.9 | 5.9 | 8.8 | 9.0 | 22.5% |
| Italy | 1.1 | 0.6 | 1.3 | 2.1 | 24.1% |
| Others | 4.3 | 3.0 | 2.9 | 2.7 | -14.4% |
| Total | 24.0 | 22.1 | 26.4 | 38.0 | 16.6% |
Top Suppliers of Iron Oxides and Hydroxides to Canada in 2022:
- United States (14.2K tons)
- China (5.5K tons)
- Germany (2.9K tons)
- Italy (0.6K tons)
Exports of Iron Oxides and Hydroxides in Canada
In 2022, iron oxides and hydroxides exports from Canada surged to 14K tons, rising by 27% on the previous year's figure. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. As a result, the exports reached the peak of 15K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, iron oxides and hydroxides exports soared to $10M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron Oxides and Hydroxides in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.6 | 6.2 | 7.6 | 9.5 | 19.3% |
| Brazil | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Others | 0.6 | 0.4 | 0.4 | 0.4 | -12.6% |
| Total | 6.4 | 6.7 | 8.2 | 10.3 | 17.2% |
Top Export Markets for Iron Oxides and Hydroxides from Canada in 2022:
- United States (13.2K tons)
- Brazil (0.5K tons)
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