Price for Iron Oxides and Hydroxides in Estonia - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Estonia (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Estonia (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Estonia
- Exports of Iron Oxides and Hydroxides in Estonia
Price for Iron Oxides and Hydroxides in Estonia (CIF) - 2022
In 2022, the average iron oxides and hydroxides import price amounted to $1,581 per ton, jumping by 62% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +108.2% against 2019 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 Denmark ($2,901 per ton), while the price for Cyprus ($740 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Oxides and Hydroxides in Estonia (FOB) - 2022
The average iron oxides and hydroxides export price stood at $2,383 per ton in 2022, with an increase of 16% against the previous year. Overall, the export price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2013 an increase of 47%. As a result, the export price attained the peak level of $5,694 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($3,788 per ton), while the average price for exports to Lithuania ($2,007 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 Lithuania (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Iron Oxides and Hydroxides in Estonia
Iron oxides and hydroxides imports into Estonia declined dramatically to 395 tons in 2022, which is down by -36.4% against the previous year. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 621 tons, and then dropped rapidly in the following year.
In value terms, iron oxides and hydroxides imports expanded slightly to $625K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron Oxides and Hydroxides in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 245 | 227 | 271 | 323 | 9.7% |
| China | 78.1 | 213 | 140 | 167 | 28.8% |
| Denmark | 0.1 | 3.0 | 18.2 | 40.8 | 641.7% |
| Lithuania | N/A | 10.1 | 15.4 | 37.7 | 93.2% |
| Greece | N/A | N/A | N/A | 15.2 | 0% |
| Latvia | 0.1 | 15.4 | 20.7 | 13.1 | 407.9% |
| Cyprus | 11.8 | N/A | 25.3 | 12.2 | 1.1% |
| Others | 74.1 | 86.3 | 117 | 15.5 | -40.6% |
| Total | 409 | 554 | 607 | 625 | 15.2% |
Top Suppliers of Iron Oxides and Hydroxides to Estonia in 2022:
- Germany (198.8 tons)
- China (115.2 tons)
- Lithuania (34.9 tons)
- Cyprus (16.5 tons)
- Denmark (14.1 tons)
- Greece (6.8 tons)
- Latvia (6.5 tons)
Exports of Iron Oxides and Hydroxides in Estonia
In 2022, overseas shipments of iron oxides and hydroxideses decreased by -55.2% to 39 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, the exports attained the peak of 97 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron oxides and hydroxides exports declined rapidly to $94K in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 29%.
| Export of Iron Oxides and Hydroxides in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 27.9 | 39.1 | 39.4 | 41.8 | 14.4% |
| Russia | 58.0 | 98.0 | 101 | 27.2 | -22.3% |
| Latvia | 41.0 | 29.4 | 37.4 | 20.3 | -20.9% |
| Poland | N/A | N/A | N/A | 2.4 | 0% |
| Finland | 2.6 | N/A | 2.2 | N/A | -8.0% |
| Others | N/A | N/A | 0.2 | 2.1 | 950.0% |
| Total | 129 | 167 | 180 | 93.8 | -10.1% |
Top Export Markets for Iron Oxides and Hydroxides from Estonia in 2022:
- Lithuania (20.9 tons)
- Latvia (10.1 tons)
- Russia (7.2 tons)
- Poland (1.0 tons)
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