Price for Iron Oxides and Hydroxides in Ethiopia - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Ethiopia (CIF) - 2022
- Imports of Iron Oxides and Hydroxides in Ethiopia
Price for Iron Oxides and Hydroxides in Ethiopia (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,702 per ton in 2022, picking up by 17% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 import price increased by +76.7% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 48%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,769 per ton), while the price for South Africa ($840 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Ethiopia
In 2022, the amount of iron oxides and hydroxideses imported into Ethiopia expanded markedly to 1.4K tons, growing by 10% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt downturn.
In value terms, iron oxides and hydroxides imports skyrocketed to $2.3M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 +48.6% against 2019 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 Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,451 | 1,463 | 1,606 | 2,113 | 13.3% |
| South Africa | 7.6 | 13.9 | 48.9 | 90.1 | 128.0% |
| India | 12.6 | 12.1 | 23.2 | 40.1 | 47.1% |
| Kenya | 11.2 | N/A | N/A | 35.3 | 46.6% |
| Ukraine | 9.7 | 14.2 | 11.8 | N/A | 10.3% |
| Others | 65.9 | 146 | 101 | 35.3 | -18.8% |
| Total | 1,558 | 1,649 | 1,791 | 2,314 | 14.1% |
Top Suppliers of Iron Oxides and Hydroxides to Ethiopia in 2022:
- China (1194.8 tons)
- South Africa (107.3 tons)
- Kenya (28.0 tons)
- India (23.8 tons)
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