Price for Iron Oxides and Hydroxides in Libya - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Libya (CIF) - 2022
- Imports of Iron Oxides and Hydroxides in Libya
Price for Iron Oxides and Hydroxides in Libya (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,194 per ton in 2022, with an increase of 6.7% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +43.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 34%. The import price peaked at $1,253 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Tunisia ($2,053 per ton), while the price for China ($809 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+2.4%), while the prices for the other major suppliers experienced a decline.
Imports of Iron Oxides and Hydroxides in Libya
In 2022, approx. 308 tons of iron oxides and hydroxideses were imported into Libya; with an increase of 45% on 2021. In general, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 151% against the previous year. As a result, imports reached the peak of 349 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, iron oxides and hydroxides imports skyrocketed to $368K in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 71% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | 5.5 | 167 | 342 | 688.6% |
| China | 124 | 263 | 35.4 | 20.8 | -44.8% |
| Turkey | N/A | 7.3 | 27.4 | 1.2 | -59.5% |
| Tunisia | 32.4 | N/A | 7.1 | 0.1 | -85.4% |
| Others | 13.3 | 14.4 | N/A | 3.4 | -36.5% |
| Total | 170 | 291 | 237 | 368 | 29.4% |
Top Suppliers of Iron Oxides and Hydroxides to Libya in 2022:
- Egypt (277.7 tons)
- China (25.7 tons)
- Turkey (0.7 tons)
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