Price for Iron Oxides and Hydroxides in Japan - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Japan (FOB) - 2023
- Price for Iron Oxides and Hydroxides in Japan (CIF) - 2022
- Exports of Iron Oxides and Hydroxides in Japan
- Imports of Iron Oxides and Hydroxides in Japan
Price for Iron Oxides and Hydroxides in Japan (FOB) - 2023
The average iron oxides and hydroxides export price stood at $1,279 per ton in September 2023, with an increase of 13% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 86% m-o-m. As a result, the export price attained the peak level of $2,198 per ton. From April 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($3,678 per ton), while the average price for exports to Hong Kong SAR ($245 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 Taiwan (Chinese) (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron Oxides and Hydroxides in Japan (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,288 per ton, growing by 10% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $1,797 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the United States ($3,387 per ton), while the price for Thailand ($255 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron Oxides and Hydroxides in Japan
In 2022, iron oxides and hydroxides exports from Japan fell notably to 33K tons, with a decrease of -21.1% compared with 2021. Over the period under review, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 84%. As a result, the exports attained the peak of 42K tons, and then dropped sharply in the following year.
In value terms, iron oxides and hydroxides exports shrank to $37M in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; however, 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 41% against the previous year. As a result, the exports reached the peak of $38M, and then dropped in the following year.
| Export of Iron Oxides and Hydroxides in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.7 | 11.4 | 18.1 | 17.7 | 22.2% |
| United States | 15.7 | 8.5 | 11.1 | 9.4 | -15.7% |
| Thailand | 1.9 | 2.0 | 2.0 | 1.8 | -1.8% |
| Taiwan (Chinese) | 1.4 | 1.0 | 1.2 | 1.5 | 2.3% |
| South Korea | 1.7 | 1.5 | 1.8 | 1.3 | -8.6% |
| India | 1.1 | 0.8 | 1.0 | 1.2 | 2.9% |
| Hong Kong SAR | 0.9 | 0.4 | 1.0 | 0.6 | -12.6% |
| Others | 2.8 | 1.6 | 2.0 | 3.0 | 2.3% |
| Total | 35.1 | 27.2 | 38.3 | 36.5 | 1.3% |
Top Export Markets for Iron Oxides and Hydroxides from Japan in 2022:
- China (22.1K tons)
- Taiwan (Chinese) (2.3K tons)
- Thailand (2.0K tons)
- Hong Kong SAR (1.9K tons)
- India (1.4K tons)
- United States (1.4K tons)
- South Korea (1.3K tons)
Imports of Iron Oxides and Hydroxides in Japan
In 2022, iron oxides and hydroxides imports into Japan reduced slightly to 12K tons, standing approx. at the previous year. Overall, imports showed a noticeable descent.
In value terms, iron oxides and hydroxides imports expanded sharply to $15M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations 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 Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 7.4 | 8.4 | 9.3 | 3.5% |
| Germany | 3.9 | 3.1 | 3.3 | 3.5 | -3.5% |
| United States | 0.4 | 0.5 | 0.4 | 0.6 | 14.5% |
| Thailand | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
| France | 0.6 | 0.3 | 0.6 | 0.4 | -12.6% |
| South Korea | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Vietnam | 0.2 | 0.3 | 0.1 | N/A | -29.3% |
| Others | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Total | 14.3 | 12.5 | 13.6 | 14.9 | 1.4% |
Top Suppliers of Iron Oxides and Hydroxides to Japan in 2022:
- Vietnam (undefinedK tons)
- China (6.7K tons)
- Thailand (1.9K tons)
- Germany (1.5K tons)
- France (0.8K tons)
- South Korea (0.4K tons)
- United States (0.2K tons)
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