Price for Iron Oxides and Hydroxides in Denmark - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Denmark (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Denmark (FOB) - 2023
- Imports of Iron Oxides and Hydroxides in Denmark
- Exports of Iron Oxides and Hydroxides in Denmark
Price for Iron Oxides and Hydroxides in Denmark (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,079 per ton, reducing by -13.7% against the previous year. Over the period under review, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 59%. Over the period under review, average import prices hit record highs at $1,326 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,193 per ton), while the price for Spain ($468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Oxides and Hydroxides in Denmark (FOB) - 2023
The average iron oxides and hydroxides export price stood at $1,965 per ton in August 2023, with a decrease of -32.1% against the previous month. In general, the export price saw a perceptible contraction. The growth pace was the most rapid in March 2023 an increase of 39% month-to-month. Over the period under review, the average export prices attained the maximum at $3,055 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Sweden ($3,529 per ton), while the average price for exports to Germany ($1,154 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Denmark
In 2022, the amount of iron oxides and hydroxideses imported into Denmark skyrocketed to 9.1K tons, picking up by 43% against the year before. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 +59.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides imports soared to $9.9M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +72.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Iron Oxides and Hydroxides in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 2.0 | 2.5 | 3.8 | 26.0% |
| Germany | 1.7 | 1.5 | 2.4 | 2.2 | 9.0% |
| Spain | N/A | 0.4 | 0.5 | 1.9 | 117.9% |
| Norway | 1.2 | 1.0 | 1.2 | 1.1 | -2.9% |
| Netherlands | 0.5 | 0.2 | 0.5 | 0.2 | -26.3% |
| Others | 1.3 | 0.8 | 0.8 | 0.6 | -22.7% |
| Total | 6.6 | 5.7 | 8.0 | 9.9 | 14.5% |
Top Suppliers of Iron Oxides and Hydroxides to Denmark in 2022:
- Spain (4.1K tons)
- China (2.2K tons)
- Norway (1.6K tons)
- Germany (1.0K tons)
- Netherlands (0.1K tons)
Exports of Iron Oxides and Hydroxides in Denmark
In 2022, shipments abroad of iron oxides and hydroxideses decreased by -41.4% to 1.5K tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports attained the peak of 2.8K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, iron oxides and hydroxides exports reduced rapidly to $3M in 2022. Overall, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2020 when exports increased by 20%.
| Export of Iron Oxides and Hydroxides in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 851 | 784 | 650 | 1,172 | 11.3% |
| Norway | 295 | 659 | 876 | 874 | 43.6% |
| Sweden | 582 | 624 | 615 | 447 | -8.4% |
| Romania | 408 | 409 | 469 | 196 | -21.7% |
| Hungary | 209 | 198 | 312 | 93.0 | -23.7% |
| Belgium | 238 | 282 | 233 | 85.9 | -28.8% |
| Austria | 524 | 708 | 818 | 11.4 | -72.1% |
| Others | 273 | 375 | 283 | 90.0 | -30.9% |
| Total | 3,379 | 4,039 | 4,256 | 2,969 | -4.2% |
Top Export Markets for Iron Oxides and Hydroxides from Denmark in 2022:
- Germany (849.2 tons)
- Norway (298.7 tons)
- Sweden (146.3 tons)
- Romania (116.7 tons)
- Belgium (46.1 tons)
- Hungary (39.2 tons)
- Austria (4.8 tons)
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