Price for Iron Oxides and Hydroxides in Malaysia - 2021

Contents:

1. Price for Iron Oxides and Hydroxides in Malaysia (CIF) - 2022
2. Price for Iron Oxides and Hydroxides in Malaysia (FOB) - 2022
3. Imports of Iron Oxides and Hydroxides in Malaysia
4. Exports of Iron Oxides and Hydroxides in Malaysia

Price for Iron Oxides and Hydroxides in Malaysia (CIF) - 2022

In 2022, the average iron oxides and hydroxides import price amounted to $1,048 per ton, remaining stable against the previous year. In general, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.1% against the previous year. The import price peaked at $1,225 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Japan ($1,677 per ton), while the price for France ($494 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron Oxides and Hydroxides in Malaysia (FOB) - 2022

In 2022, the average iron oxides and hydroxides export price amounted to $982 per ton, shrinking by -46.2% against the previous year. Over the period under review, the export price, however, saw modest growth. The most prominent rate of growth was recorded in 2016 an increase of 93% against the previous year. Over the period under review, the average export prices hit record highs at $1,825 per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($4,415 per ton), while the average price for exports to China ($313 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 Hong Kong SAR (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Oxides and Hydroxides in Malaysia

Iron oxides and hydroxides imports into Malaysia shrank significantly to 11K tons in 2022, falling by -15% against 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports reached the peak of 13K tons, and then dropped markedly in the following year.

In value terms, iron oxides and hydroxides imports declined to $12M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of $14M, and then contracted in the following year.

Top Suppliers of Iron Oxides and Hydroxides to Malaysia in 2022:

1. China (5.9K tons)
2. Taiwan (Chinese) (2.3K tons)
3. Germany (1.2K tons)
4. France (0.5K tons)
5. Japan (0.5K tons)
6. Spain (0.2K tons)

Exports of Iron Oxides and Hydroxides in Malaysia

In 2022, the amount of iron oxides and hydroxideses exported from Malaysia surged to 386 tons, picking up by 38% compared with the previous year's figure. Overall, exports, however, recorded a abrupt descent.

In value terms, iron oxides and hydroxides exports shrank dramatically to $379K in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 106% against the previous year. As a result, the exports attained the peak of $510K, and then declined remarkably in the following year.

Top Export Markets for Iron Oxides and Hydroxides from Malaysia in 2022:

1. China (269.9 tons)
2. Sri Lanka (48.6 tons)
3. Taiwan (Chinese) (26.3 tons)
4. Singapore (19.1 tons)
5. Australia (18.3 tons)

Source: IndexBox Market Intelligence Platform