Price for Iron Oxides and Hydroxides in Norway - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Norway (FOB) - 2023
- Price for Iron Oxides and Hydroxides in Norway (CIF) - 2022
- Exports of Iron Oxides and Hydroxides in Norway
- Imports of Iron Oxides and Hydroxides in Norway
Price for Iron Oxides and Hydroxides in Norway (FOB) - 2023
In September 2023, the average iron oxides and hydroxides export price amounted to $947 per ton, growing by 4.6% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in November 2022 when the average export price increased by 21% m-o-m. Over the period under review, the average export prices reached the maximum at $1,198 per ton in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was France ($1,955 per ton), while the average price for exports to Denmark ($635 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Norway (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $254 per ton, which is down by -75.1% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 78% against the previous year. The import price peaked at $1,021 per ton in 2021, and then contracted dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($2,508 per ton), while the price for Sweden ($75 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron Oxides and Hydroxides in Norway
In 2022, the amount of iron oxides and hydroxideses exported from Norway amounted to 5.1K tons, therefore, remained relatively stable against 2021 figures. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, iron oxides and hydroxides exports contracted slightly to $4.8M in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of $4.8M, leveling off in the following year.
| Export of Iron Oxides and Hydroxides in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,230 | 1,626 | 1,961 | 1,666 | 10.6% |
| Denmark | 1,218 | 978 | 1,229 | 1,053 | -4.7% |
| United Kingdom | 346 | 241 | 277 | 496 | 12.8% |
| Spain | 138 | 262 | 161 | 460 | 49.4% |
| Netherlands | 268 | 280 | 435 | 334 | 7.6% |
| United States | 303 | 258 | 242 | 208 | -11.8% |
| France | 168 | 167 | 149 | 159 | -1.8% |
| Poland | 24.2 | 36.2 | 40.7 | 122 | 71.5% |
| Others | 124 | 153 | 295 | 285 | 32.0% |
| Total | 3,819 | 4,000 | 4,791 | 4,784 | 7.8% |
Top Export Markets for Iron Oxides and Hydroxides from Norway in 2022:
- Germany (1666.8 tons)
- Denmark (1558.7 tons)
- United Kingdom (525.3 tons)
- Spain (375.9 tons)
- Netherlands (288.3 tons)
- United States (223.2 tons)
- Poland (128.0 tons)
- France (92.7 tons)
Imports of Iron Oxides and Hydroxides in Norway
Iron oxides and hydroxides imports into Norway soared to 17K tons in 2022, jumping by 574% against the year before. Over the period under review, imports enjoyed significant growth. 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 surged to $4.4M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 694 | 1,033 | 1,099 | 1,653 | 33.5% |
| Sweden | 148 | 146 | 88.0 | 1,162 | 98.8% |
| Denmark | 381 | 616 | 725 | 781 | 27.0% |
| China | 158 | 1.1 | 140 | 219 | 11.5% |
| Spain | 113 | 136 | 99.1 | 194 | 19.7% |
| Others | 149 | 171 | 460 | 372 | 35.7% |
| Total | 1,644 | 2,103 | 2,612 | 4,381 | 38.6% |
Top Suppliers of Iron Oxides and Hydroxides to Norway in 2022:
- Sweden (15.5K tons)
- Germany (0.7K tons)
- Denmark (0.3K tons)
- Spain (0.3K tons)
- China (0.1K tons)
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