Price for Iron Oxides and Hydroxides in Sweden - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Sweden (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Sweden (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Sweden
- Exports of Iron Oxides and Hydroxides in Sweden
Price for Iron Oxides and Hydroxides in Sweden (CIF) - 2022
The average iron oxides and hydroxides import price stood at $3,319 per ton in 2022, growing by 66% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 import price increased by +75.2% against 2018 indices. 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 ($5,722 per ton), while the price for the Netherlands ($1,309 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Sweden (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $79 per ton, surging by 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 22%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($153 per ton), while the average price for exports to Iceland ($36 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 United Arab Emirates (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Sweden
In 2022, after three years of growth, there was significant decline in supplies from abroad of iron oxides and hydroxideses, when their volume decreased by -48.9% to 1.7K tons. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 8.8% against the previous year.
In value terms, iron oxides and hydroxides imports reduced notably to $5.7M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of $6.7M, and then declined sharply in the following year.
| Import of Iron Oxides and Hydroxides in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,886 | 4,017 | 4,962 | 3,484 | -3.6% |
| Italy | 572 | 889 | 771 | 1,137 | 25.7% |
| Denmark | 515 | 468 | 436 | 465 | -3.3% |
| Spain | 215 | 174 | 201 | 152 | -10.9% |
| Norway | 54.1 | 83.5 | 91.7 | 144 | 38.6% |
| Netherlands | 22.5 | 28.1 | 7.9 | 79.2 | 52.1% |
| Others | 121 | 218 | 262 | 237 | 25.1% |
| Total | 5,384 | 5,877 | 6,733 | 5,699 | 1.9% |
Top Suppliers of Iron Oxides and Hydroxides to Sweden in 2022:
- Germany (1079.9 tons)
- Italy (198.8 tons)
- Denmark (153.0 tons)
- Norway (98.2 tons)
- Netherlands (60.5 tons)
- Spain (45.5 tons)
Exports of Iron Oxides and Hydroxides in Sweden
In 2022, the amount of iron oxides and hydroxideses exported from Sweden declined dramatically to 43K tons, which is down by -24.9% against 2021. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports attained the peak of 58K tons, and then shrank dramatically in the following year.
In value terms, iron oxides and hydroxides exports shrank notably to $3.4M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of $4.1M, and then fell rapidly in the following year.
| Export of Iron Oxides and Hydroxides in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 2,136 | 1,851 | 2,246 | 2,097 | -0.6% |
| Finland | 310 | 419 | 435 | 515 | 18.4% |
| Germany | 184 | 143 | 288 | 216 | 5.5% |
| Iceland | 417 | 423 | 593 | 142 | -30.2% |
| Czech Republic | 234 | 199 | 222 | 97.9 | -25.2% |
| Others | 169 | 502 | 347 | 343 | 26.6% |
| Total | 3,449 | 3,537 | 4,131 | 3,411 | -0.4% |
Top Export Markets for Iron Oxides and Hydroxides from Sweden in 2022:
- Norway (30.5K tons)
- Finland (5.7K tons)
- Iceland (3.9K tons)
- Germany (1.4K tons)
- Czech Republic (1.3K tons)
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