Price for Iron Oxides and Hydroxides in Lithuania - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Lithuania (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Lithuania (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Lithuania
- Exports of Iron Oxides and Hydroxides in Lithuania
Price for Iron Oxides and Hydroxides in Lithuania (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,788 per ton, rising by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 25% against the previous year. The import price peaked at $2,503 per ton in 2017; however, from 2018 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 Italy ($3,399 per ton), while the price for the Netherlands ($1,149 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Lithuania (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $2,008 per ton, shrinking by -36% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 65% against the previous year. As a result, the export price reached the peak level of $4,985 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($18,355 per ton), while the average price for exports to Switzerland ($421 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Lithuania
In 2022, iron oxides and hydroxides imports into Lithuania surged to 766 tons, increasing by 43% on the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2019 indices. 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 surged to $1.4M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 110 | 373 | 331 | 550 | 71.0% |
| Czech Republic | 433 | 51.6 | 80.7 | 435 | 0.2% |
| Estonia | 1.5 | 2.7 | 7.7 | 68.7 | 257.8% |
| Italy | 249 | 149 | 168 | 53.7 | -40.0% |
| Netherlands | N/A | 167 | 251 | 0.3 | -95.8% |
| Others | 171 | 164 | 64.1 | 262 | 15.3% |
| Total | 964 | 908 | 903 | 1,370 | 12.4% |
Top Suppliers of Iron Oxides and Hydroxides to Lithuania in 2022:
- Czech Republic (344.0 tons)
- Germany (328.6 tons)
- Estonia (42.8 tons)
- Italy (15.8 tons)
- Netherlands (0.3 tons)
Exports of Iron Oxides and Hydroxides in Lithuania
In 2022, approx. 439 tons of iron oxides and hydroxideses were exported from Lithuania; with an increase of 250% compared with 2021. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides exports skyrocketed to $881K in 2022. In general, exports recorded a tangible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron Oxides and Hydroxides in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 2.8 | N/A | 0.9 | 396 | 421.0% |
| Russia | 620 | 509 | 255 | 327 | -19.2% |
| Latvia | 46.5 | 65.5 | 39.9 | 58.5 | 8.0% |
| Estonia | 16.8 | 15.7 | 50.5 | 52.6 | 46.3% |
| Switzerland | N/A | N/A | N/A | 9.4 | 0% |
| Others | 92.3 | 134 | 48.1 | 37.9 | -25.7% |
| Total | 778 | 724 | 394 | 881 | 4.2% |
Top Export Markets for Iron Oxides and Hydroxides from Lithuania in 2022:
- Finland (244.3 tons)
- Russia (114.8 tons)
- Latvia (31.3 tons)
- Estonia (24.7 tons)
- Switzerland (22.2 tons)
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