Price for Iron Oxides and Hydroxides in Costa Rica - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Costa Rica (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Costa Rica (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Costa Rica
- Exports of Iron Oxides and Hydroxides in Costa Rica
Price for Iron Oxides and Hydroxides in Costa Rica (CIF) - 2022
The average iron oxides and hydroxides import price stood at $2,009 per ton in 2022, growing by 60% against the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 190%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($2,957 per ton), while the price for Spain ($602 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Costa Rica (FOB) - 2022
The average iron oxides and hydroxides export price stood at $2,242 per ton in 2022, increasing by 7.3% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron oxides and hydroxides export price increased by +52.2% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($3,368 per ton), while the average price for exports to the Dominican Republic ($1,046 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 Nicaragua (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Costa Rica
In 2022, approx. 1.1K tons of iron oxides and hydroxideses were imported into Costa Rica; surging by 12% on 2021. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides imports soared to $2.2M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 364 | 235 | 506 | 890 | 34.7% |
| Germany | N/A | N/A | N/A | 383 | 0% |
| Brazil | 151 | 146 | 233 | 379 | 35.9% |
| Colombia | 199 | 161 | 301 | 361 | 22.0% |
| Spain | 34.9 | 48.6 | 47.3 | 58.7 | 18.9% |
| Egypt | N/A | N/A | N/A | 46.3 | 0% |
| United States | N/A | 183 | 48.3 | 6.7 | -80.9% |
| Others | 63.6 | 64.1 | 75.2 | 48.5 | -8.6% |
| Total | 812 | 838 | 1,210 | 2,174 | 38.9% |
Top Suppliers of Iron Oxides and Hydroxides to Costa Rica in 2022:
- China (497.8 tons)
- Germany (168.4 tons)
- Brazil (152.2 tons)
- Colombia (122.2 tons)
- Spain (97.5 tons)
- Egypt (20.3 tons)
- United States (7.6 tons)
Exports of Iron Oxides and Hydroxides in Costa Rica
In 2022, approx. 43 tons of iron oxides and hydroxideses were exported from Costa Rica; waning by -41.5% compared with the previous year's figure. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year.
In value terms, iron oxides and hydroxides exports reduced rapidly to $96K in 2022. Overall, exports saw a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 71%.
| Export of Iron Oxides and Hydroxides in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 122 | 19.6 | 47.2 | 24.8 | -41.2% |
| Guatemala | 33.6 | 18.0 | 73.4 | 17.7 | -19.2% |
| United States | N/A | N/A | N/A | 14.9 | 0% |
| Nicaragua | 85.1 | 24.0 | 24.0 | 14.0 | -45.2% |
| El Salvador | 3.4 | 4.3 | 4.1 | 12.3 | 53.5% |
| Dominican Republic | 3.1 | 20.8 | 2.2 | 11.9 | 56.6% |
| Guyana | 17.1 | 2.6 | N/A | N/A | -84.8% |
| Honduras | 17.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.2 | N/A | 0% |
| Total | 282 | 89.2 | 152 | 95.6 | -30.3% |
Top Export Markets for Iron Oxides and Hydroxides from Costa Rica in 2022:
- Dominican Republic (11.4 tons)
- Panama (10.6 tons)
- United States (7.2 tons)
- Guatemala (5.3 tons)
- Nicaragua (4.2 tons)
- El Salvador (4.0 tons)
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