Price for Iron Oxides and Hydroxides in Israel - 2023

Contents:

1. Price for Iron Oxides and Hydroxides in Israel (CIF) - 2022
2. Price for Iron Oxides and Hydroxides in Israel (FOB) - 2022
3. Imports of Iron Oxides and Hydroxides in Israel
4. Exports of Iron Oxides and Hydroxides in Israel

Price for Iron Oxides and Hydroxides in Israel (CIF) - 2022

The average iron oxides and hydroxides import price stood at $1,791 per ton in 2022, growing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($1,791 per ton) and Belgium ($1,791 per ton), while the price for South Korea ($1,791 per ton) and China ($1,791 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron Oxides and Hydroxides in Israel (FOB) - 2022

In 2022, the average iron oxides and hydroxides export price amounted to $81 per ton, dropping by -94.6% against the previous year. Over the period under review, the export price recorded a dramatic contraction. The most prominent rate of growth was recorded in 2019 an increase of 30% against the previous year. The export price peaked at $1,898 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +21.1% per year.

Imports of Iron Oxides and Hydroxides in Israel

In 2022, the amount of iron oxides and hydroxideses imported into Israel skyrocketed to 3.1K tons, rising by 26% against the year before. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron oxides and hydroxides imports soared to $5.6M in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron Oxides and Hydroxides to Israel in 2022:

1. Germany (1824.1 tons)
2. China (792.8 tons)
3. United States (236.7 tons)
4. United Kingdom (132.3 tons)
5. South Korea (58.1 tons)
6. Hong Kong SAR (41.3 tons)

Exports of Iron Oxides and Hydroxides in Israel

In 2022, the amount of iron oxides and hydroxideses exported from Israel surged to 25 tons, jumping by 27% against 2021 figures. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 724% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, iron oxides and hydroxides exports dropped markedly to $2K in 2022. Overall, exports, however, faced a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 625% against the previous year. As a result, the exports reached the peak of $29K, and then contracted notably in the following year.

Top Export Markets for Iron Oxides and Hydroxides from Israel in 2022:

1. Russia (24.5 tons)

Source: IndexBox Market Intelligence Platform