Price for Iron Oxides and Hydroxides in Switzerland - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Switzerland (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Switzerland (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Switzerland
- Exports of Iron Oxides and Hydroxides in Switzerland
Price for Iron Oxides and Hydroxides in Switzerland (CIF) - 2022
The average iron oxides and hydroxides import price stood at $2,320 per ton in 2022, increasing by 19% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($3,220 per ton), while the price for the Netherlands ($1,385 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Switzerland (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $5,435 per ton, standing approx. at the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron oxides and hydroxides export price decreased by -15.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $9,637 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($16,674 per ton), while the average price for exports to Norway ($645 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 the Netherlands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Switzerland
In 2022, the amount of iron oxides and hydroxideses imported into Switzerland totaled 2K tons, rising by 1.9% compared with the year before. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, iron oxides and hydroxides imports surged to $4.6M in 2022. The total import value increased at an average annual rate of +9.0% from 2019 to 2022; the trend pattern 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 Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,477 | 2,316 | 2,874 | 2,954 | 6.0% |
| China | 95.6 | 153 | 104 | 537 | 77.8% |
| Spain | 27.0 | 136 | 181 | 239 | 106.9% |
| Italy | 470 | 327 | 292 | 210 | -23.6% |
| France | 155 | 186 | 90.3 | 183 | 5.7% |
| Netherlands | 13.9 | 16.6 | 19.1 | 47.7 | 50.8% |
| Others | 304 | 383 | 231 | 421 | 11.5% |
| Total | 3,542 | 3,517 | 3,792 | 4,591 | 9.0% |
Top Suppliers of Iron Oxides and Hydroxides to Switzerland in 2022:
- Germany (1359.6 tons)
- China (224.5 tons)
- Spain (149.0 tons)
- France (80.1 tons)
- Italy (65.2 tons)
- Netherlands (34.5 tons)
Exports of Iron Oxides and Hydroxides in Switzerland
In 2022, overseas shipments of iron oxides and hydroxideses were finally on the rise to reach 64 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback.
In value terms, iron oxides and hydroxides exports skyrocketed to $346K in 2022. In general, exports, however, faced a precipitous curtailment.
| Export of Iron Oxides and Hydroxides in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 25.4 | 30.2 | 46.4 | 91.5 | 53.3% |
| Germany | 159 | 83.4 | 76.0 | 70.5 | -23.7% |
| Austria | 54.1 | 119 | 49.4 | 61.1 | 4.1% |
| Italy | N/A | 0.1 | 16.7 | 18.5 | 1260.1% |
| France | 0.9 | 1.9 | N/A | 18.0 | 171.4% |
| Malaysia | N/A | 1.2 | N/A | 13.3 | 232.9% |
| Belgium | 295 | N/A | N/A | 2.0 | -81.1% |
| Norway | N/A | N/A | N/A | 0.6 | 0% |
| Dominican Republic | 93.3 | N/A | N/A | N/A | 0% |
| Slovakia | 12.3 | N/A | N/A | N/A | 0% |
| Others | 42.7 | 85.0 | 62.7 | 70.5 | 18.2% |
| Total | 683 | 320 | 251 | 346 | -20.3% |
Top Export Markets for Iron Oxides and Hydroxides from Switzerland in 2022:
- Poland (29.3 tons)
- Austria (10.9 tons)
- Germany (9.5 tons)
- Italy (6.0 tons)
- Malaysia (3.0 tons)
- France (2.1 tons)
- Norway (1.0 tons)
- Belgium (0.5 tons)
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