Price for Iron Oxides and Hydroxides in Jordan - 2022

Contents:

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

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

In 2022, the average iron oxides and hydroxides import price amounted to $1,893 per ton, rising by 33% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +65.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,876 per ton), while the price for China ($1,876 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average iron oxides and hydroxides export price stood at $1,312 per ton in 2022, reducing by -5.7% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 export price decreased by -23.4% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 62%. The export price peaked at $1,714 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +35.6% per year.

Imports of Iron Oxides and Hydroxides in Jordan

In 2022, imports of iron oxides and hydroxideses into Jordan rose rapidly to 1.2K tons, picking up by 14% compared with the previous year's figure. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 165%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, iron oxides and hydroxides imports soared to $2.3M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 123%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Iron Oxides and Hydroxides in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3239094491,13752.1%
Germany1706618501,05383.7%
India1.118.58.543.5240.7%
Saudi Arabia41.798.337.8N/A-4.8%
Others29015618682.3-34.3%
Total8261,8431,5312,31641.0%

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

  1. China (606.1 tons)
  2. Germany (561.5 tons)
  3. India (23.2 tons)

Exports of Iron Oxides and Hydroxides in Jordan

In 2022, the amount of iron oxides and hydroxideses exported from Jordan skyrocketed to 38 tons, rising by 30% on the previous year's figure. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, iron oxides and hydroxides exports surged to $50K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Iron Oxides and Hydroxides in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt25.412.238.150.525.7%
Free Zones4.00.73.0N/A-13.4%
KuwaitN/A18.7N/AN/A0%
Others0.1N/AN/AN/A0%
Total29.531.641.050.519.6%

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

  1. Egypt (38.5 tons)

Source: IndexBox Market Intelligence Platform

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