Price for Iron Oxides and Hydroxides in Thailand - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Thailand (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Thailand (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Thailand
- Exports of Iron Oxides and Hydroxides in Thailand
Price for Iron Oxides and Hydroxides in Thailand (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,516 per ton in 2022, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Germany ($2,884 per ton), while the price for Italy ($384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Thailand (FOB) - 2022
The average iron oxides and hydroxides export price stood at $320 per ton in 2022, growing by 87% against the previous year. In general, the export price, however, recorded a noticeable setback. The export price peaked at $463 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($2,057 per ton), while the average price for exports to China ($168 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 (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Thailand
In 2022, after three years of growth, there was decline in purchases abroad of iron oxides and hydroxideses, when their volume decreased by -0.3% to 8.8K tons. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 12%.
In value terms, iron oxides and hydroxides imports reached $13M in 2022. The total import value increased at an average annual rate of +12.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Iron Oxides and Hydroxides in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 4.6 | 5.9 | 7.4 | 19.8% |
| Germany | 1.8 | 1.7 | 1.9 | 2.5 | 11.6% |
| Japan | 2.5 | 2.4 | 2.7 | 2.4 | -1.4% |
| Italy | 0.1 | 0.2 | 0.4 | 0.3 | 44.2% |
| India | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| United States | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| France | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 0.2 | 0.2 | 0.5 | 0.2 | 0.0% |
| Total | 9.4 | 9.9 | 11.8 | 13.4 | 12.5% |
Top Suppliers of Iron Oxides and Hydroxides to Thailand in 2022:
- France (undefinedK tons)
- China (4.3K tons)
- Japan (2.1K tons)
- Italy (0.9K tons)
- Germany (0.9K tons)
- India (0.3K tons)
- United States (0.1K tons)
Exports of Iron Oxides and Hydroxides in Thailand
In 2022, exports of iron oxides and hydroxideses from Thailand shrank remarkably to 3K tons, dropping by -23% compared with 2021. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. As a result, the exports reached the peak of 3.9K tons, and then declined rapidly in the following year.
In value terms, iron oxides and hydroxides exports skyrocketed to $970K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron Oxides and Hydroxides in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 207 | 158 | 340 | 292 | 12.2% |
| Japan | 175 | 104 | 115 | 225 | 8.7% |
| Myanmar | 1.0 | 19.5 | 23.6 | 100 | 364.2% |
| Vietnam | 90.7 | 55.9 | 43.6 | 87.9 | -1.0% |
| Australia | N/A | N/A | 71.0 | 32.3 | -54.5% |
| South Korea | 74.9 | 11.2 | 15.2 | 5.8 | -57.4% |
| Hong Kong SAR | 110 | 45.1 | N/A | N/A | -59.0% |
| Others | 92.9 | 113 | 64.3 | 228 | 34.9% |
| Total | 751 | 507 | 673 | 970 | 8.9% |
Top Export Markets for Iron Oxides and Hydroxides from Thailand in 2022:
- Hong Kong SAR (undefined tons)
- China (1734.8 tons)
- Japan (1005.7 tons)
- Australia (67.6 tons)
- Myanmar (48.6 tons)
- Vietnam (47.6 tons)
- South Korea (41.3 tons)
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