Price for Iron Oxides and Hydroxides in Nepal - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Nepal (CIF) - 2022
- Imports of Iron Oxides and Hydroxides in Nepal
Price for Iron Oxides and Hydroxides in Nepal (CIF) - 2022
The average iron oxides and hydroxides import price stood at $936 per ton in 2022, growing by 6.1% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the peak figure at $1,054 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,247 per ton), while the price for India stood at $846 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.8%).
Imports of Iron Oxides and Hydroxides in Nepal
Iron oxides and hydroxides imports into Nepal contracted slightly to 806 tons in 2022, waning by -1.6% compared with the year before. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% 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 +85.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. As a result, imports attained the peak of 819 tons, and then declined in the following year.
In value terms, iron oxides and hydroxides imports reached $754K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% 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 +88.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Iron Oxides and Hydroxides in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 392 | 238 | 542 | 529 | 10.5% |
| China | 195 | 125 | 121 | 226 | 5.0% |
| Germany | 23.6 | 37.7 | 59.3 | N/A | 58.5% |
| Others | 22.7 | N/A | N/A | N/A | 0% |
| Total | 633 | 401 | 722 | 754 | 6.0% |
Top Suppliers of Iron Oxides and Hydroxides to Nepal in 2022:
- India (625.0 tons)
- China (181.0 tons)
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