Price for Iron Oxides and Hydroxides in Slovakia - 2023

Contents:

  1. Price for Iron Oxides and Hydroxides in Slovakia (CIF) - 2022
  2. Price for Iron Oxides and Hydroxides in Slovakia (FOB) - 2022
  3. Imports of Iron Oxides and Hydroxides in Slovakia
  4. Exports of Iron Oxides and Hydroxides in Slovakia

Price for Iron Oxides and Hydroxides in Slovakia (CIF) - 2022

In 2022, the average iron oxides and hydroxides import price amounted to $1,970 per ton, growing by 20% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,469 per ton), while the price for the Czech Republic ($1,341 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron Oxides and Hydroxides in Slovakia (FOB) - 2022

In 2022, the average iron oxides and hydroxides export price amounted to $747 per ton, declining by -15.8% against the previous year. In general, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 268%. The export price peaked at $888 per ton in 2021, and then dropped notably in the following year.

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 the Czech Republic ($1,045 per ton), while the average price for exports to Poland ($234 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 UK (+41.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Oxides and Hydroxides in Slovakia

In 2022, approx. 412 tons of iron oxides and hydroxideses were imported into Slovakia; with a decrease of -8.9% compared with the previous year's figure. Overall, imports showed a deep setback. The smallest decline of -7.8% was in 2020.

In value terms, iron oxides and hydroxides imports rose remarkably to $811K in 2022. The total import value increased at an average annual rate of +8.0% 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 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Iron Oxides and Hydroxides in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4334234094652.4%
Czech Republic11013921715913.1%
Austria3.32.92.8112223.8%
SpainN/A3.529.137.5227.3%
Canada42.6N/AN/AN/A0%
Others56.053.083.337.4-12.6%
Total6446217428118.0%

Top Suppliers of Iron Oxides and Hydroxides to Slovakia in 2022:

  1. Germany (222.0 tons)
  2. Czech Republic (118.5 tons)
  3. Austria (52.0 tons)
  4. Spain (15.2 tons)

Exports of Iron Oxides and Hydroxides in Slovakia

In 2022, iron oxides and hydroxides exports from Slovakia contracted to 96 tons, which is down by -11.4% compared with the previous year's figure. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 7.5% against the previous year.

In value terms, iron oxides and hydroxides exports contracted rapidly to $72K in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $96K, and then declined rapidly in the following year.

Export of Iron Oxides and Hydroxides in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/A11.941.1245.4%
Czech Republic0.50.642.017.4226.5%
Serbia24.838.412.512.6-20.2%
Poland5.00.20.50.3-60.9%
Hungary38.128.017.6N/A-32.0%
Others0.14.011.50.10.0%
Total68.571.296.071.61.5%

Top Export Markets for Iron Oxides and Hydroxides from Slovakia in 2022:

  1. United Kingdom (55.7 tons)
  2. Serbia (21.9 tons)
  3. Czech Republic (16.7 tons)
  4. Poland (1.5 tons)

Source: IndexBox Market Intelligence Platform

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