Price for Iron Oxides and Hydroxides in Hong Kong SAR - 2023

Price for Iron Oxides and Hydroxides in Hong Kong SAR (CIF) - 2022

The average iron oxides and hydroxides import price stood at $619 per ton in 2022, surging by 16% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $628 per ton in 2012; however, from 2013 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 China ($2,160 per ton), while the price for Japan ($574 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron Oxides and Hydroxides in Hong Kong SAR (FOB) - 2023

The average iron oxides and hydroxides export price stood at $630 per ton in September 2023, shrinking by -36.7% against the previous month. In general, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 106% m-o-m. As a result, the export price reached the peak level of $1,383 per ton. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Thailand ($4,914 per ton), while the average price for exports to China amounted to $474 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.3%).

Imports of Iron Oxides and Hydroxides in Hong Kong SAR

In 2022, the amount of iron oxides and hydroxideses imported into Hong Kong SAR dropped sharply to 9.1K tons, which is down by -18.1% compared with 2021. Overall, imports faced a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year.

In value terms, iron oxides and hydroxides imports declined slightly to $5.6M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $5.9M, and then declined slightly in the following year.

Import of Iron Oxides and Hydroxides in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	3.3	3.1	2.9	3.5	2.0%
Japan	1.3	1.1	2.5	1.4	2.5%
Vietnam	0.2	0.3	0.1	0.5	35.7%
China	0.9	0.4	0.3	0.3	-30.7%
Others	0.1	N/A	0.1	N/A	0.0%
Total	5.7	4.9	5.9	5.6	-0.6%

Top Suppliers of Iron Oxides and Hydroxides to Hong Kong SAR in 2022:

Taiwan (Chinese) (5.9K tons)
Japan (2.4K tons)
Vietnam (0.6K tons)
China (0.1K tons)

Exports of Iron Oxides and Hydroxides in Hong Kong SAR

In 2022, exports of iron oxides and hydroxideses from Hong Kong SAR skyrocketed to 13K tons, picking up by 58% compared with 2021 figures. Over the period under review, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron oxides and hydroxides exports soared to $6.6M in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.