Price for Iron Oxides and Hydroxides in Iraq - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Iraq (CIF) - 2022
- Imports of Iron Oxides and Hydroxides in Iraq
Price for Iron Oxides and Hydroxides in Iraq (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,555 per ton in 2022, surging by 13% against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 182%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,848 per ton), while the price for Iran ($108 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Iraq
In 2022, approx. 3.1K tons of iron oxides and hydroxideses were imported into Iraq; picking up by 74% compared with the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, 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 skyrocketed to $4.8M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,367 | 2,366 | 2,110 | 4,399 | 22.9% |
| South Korea | 87.0 | 126 | 108 | 97.6 | 3.9% |
| Malaysia | N/A | N/A | N/A | 83.6 | 0% |
| United Kingdom | 3.4 | 2.5 | 15.1 | 79.0 | 185.4% |
| Turkey | 94.7 | 42.3 | 54.7 | 74.8 | -7.6% |
| India | 55.2 | 40.8 | 21.3 | 28.7 | -19.6% |
| Iran | 28.9 | 1.4 | 4.7 | 11.8 | -25.8% |
| United Arab Emirates | 19.2 | 16.0 | 12.8 | 10.9 | -17.2% |
| Others | 1.3 | 30.5 | 120 | 22.4 | 158.3% |
| Total | 2,656 | 2,625 | 2,446 | 4,808 | 21.9% |
Top Suppliers of Iron Oxides and Hydroxides to Iraq in 2022:
- China (2613.0 tons)
- Iran (109.1 tons)
- South Korea (95.5 tons)
- Malaysia (72.6 tons)
- United Kingdom (59.5 tons)
- United Arab Emirates (54.5 tons)
- Turkey (40.5 tons)
- India (40.4 tons)
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