Price for Iron Oxides and Hydroxides in Germany - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Germany (CIF) - 2022
- Imports of Iron Oxides and Hydroxides in Germany
Price for Iron Oxides and Hydroxides in Germany (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,558 per ton, surging by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2014 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $1,580 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,644 per ton), while the price for Sweden ($168 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Germany
In 2022, the amount of iron oxides and hydroxideses imported into Germany surged to 45K tons, rising by 26% against 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $70M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +65.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.9 | 11.9 | 13.9 | 26.2 | 4.6% |
| Netherlands | 0.9 | 6.9 | 7.7 | 12.2 | 138.4% |
| Italy | 5.5 | 6.0 | 7.2 | 7.3 | 9.9% |
| Brazil | 7.1 | 5.3 | 4.4 | 6.6 | -2.4% |
| Belgium | 0.6 | 1.0 | 1.5 | 2.7 | 65.1% |
| Norway | 1.7 | 1.8 | 2.0 | 1.9 | 3.8% |
| Spain | 1.0 | 0.9 | 1.3 | 1.9 | 23.9% |
| Austria | 1.0 | 0.9 | 1.3 | 1.7 | 19.3% |
| Denmark | 0.4 | 0.9 | 1.0 | 1.5 | 55.4% |
| South Korea | N/A | N/A | N/A | 1.2 | 0% |
| France | 1.3 | 0.8 | 1.2 | 0.9 | -11.5% |
| Sweden | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Egypt | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 4.1 | 5.6 | 9.0 | 5.6 | 11.0% |
| Total | 47.0 | 42.5 | 51.0 | 70.4 | 14.4% |
Top Suppliers of Iron Oxides and Hydroxides to Germany in 2022:
- China (13.1K tons)
- Netherlands (10.2K tons)
- Brazil (5.3K tons)
- Italy (2.7K tons)
- Sweden (2.5K tons)
- Norway (1.8K tons)
- Austria (1.6K tons)
- Spain (1.4K tons)
- Egypt (1.0K tons)
- Belgium (1.0K tons)
- Denmark (0.8K tons)
- France (0.8K tons)
- South Korea (0.8K tons)
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