Price for Iron Oxides and Hydroxides in Belgium - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Belgium (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Belgium (FOB) - 2023
- Imports of Iron Oxides and Hydroxides in Belgium
- Exports of Iron Oxides and Hydroxides in Belgium
Price for Iron Oxides and Hydroxides in Belgium (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,417 per ton in 2022, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2019 an increase of 29%. Over the period under review, average import prices hit record highs at $1,540 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,053 per ton), while the price for Norway ($115 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Belgium (FOB) - 2023
In August 2023, the average iron oxides and hydroxides export price amounted to $1,416 per ton, surging by 76% against the previous month. Overall, the export price showed a perceptible increase. The pace of growth was the most pronounced in January 2023 an increase of 139% against the previous month. The export price peaked in August 2023.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Italy ($10,300 per ton), while the average price for exports to the Netherlands ($466 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Belgium
In 2022, the amount of iron oxides and hydroxideses imported into Belgium expanded remarkably to 20K tons, growing by 9.8% on the previous year's figure. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, iron oxides and hydroxides imports soared to $29M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 7.5 | 12.5 | 19.5 | 40.7% |
| Germany | 2.6 | 3.1 | 3.9 | 4.1 | 16.4% |
| Netherlands | 1.5 | 1.4 | 1.8 | 2.4 | 17.0% |
| Norway | 0.3 | 0.3 | 0.6 | 0.6 | 26.0% |
| France | 4.6 | 4.3 | 2.1 | 0.4 | -55.7% |
| Others | 1.1 | 1.2 | 1.4 | 1.5 | 10.9% |
| Total | 17.1 | 17.8 | 22.4 | 28.5 | 18.6% |
Top Suppliers of Iron Oxides and Hydroxides to Belgium in 2022:
- China (11.9K tons)
- Norway (4.8K tons)
- Germany (1.8K tons)
- Netherlands (0.9K tons)
- France (0.1K tons)
Exports of Iron Oxides and Hydroxides in Belgium
In 2022, iron oxides and hydroxides exports from Belgium soared to 43K tons, with an increase of 27% on the year before. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, iron oxides and hydroxides exports surged to $33M in 2022. In general, exports enjoyed a significant 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 Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.1 | 3.0 | 3.7 | 7.2 | 87.1% |
| Netherlands | 4.6 | 5.1 | 6.2 | 6.7 | 13.4% |
| France | 0.9 | 1.3 | 2.4 | 6.6 | 94.3% |
| Spain | 1.1 | 1.7 | 2.3 | 3.6 | 48.5% |
| Italy | 1.3 | 0.7 | 1.4 | 2.8 | 29.1% |
| Morocco | 0.4 | 0.5 | 0.6 | 0.9 | 31.0% |
| Poland | 0.6 | 0.3 | 0.6 | 0.5 | -5.9% |
| Others | 4.7 | 5.4 | 4.0 | 5.1 | 2.8% |
| Total | 14.5 | 18.1 | 21.2 | 33.3 | 31.9% |
Top Export Markets for Iron Oxides and Hydroxides from Belgium in 2022:
- Netherlands (16.0K tons)
- Spain (9.6K tons)
- Germany (5.6K tons)
- Italy (5.3K tons)
- France (3.7K tons)
- Poland (0.7K tons)
- Morocco (0.5K tons)
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