Price for Iron Oxides and Hydroxides in Bahrain - 2022
Contents:
- Price for Iron Oxides and Hydroxides in Bahrain (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Bahrain (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Bahrain
- Exports of Iron Oxides and Hydroxides in Bahrain
Price for Iron Oxides and Hydroxides in Bahrain (CIF) - 2022
The average iron oxides and hydroxides import price stood at $1,573 per ton in 2022, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2014 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs 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 Germany ($3,057 per ton), while the price for South Korea ($1,066 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Bahrain (FOB) - 2022
In 2022, the average iron oxides and hydroxides export price amounted to $1,330 per ton, increasing by 10% against the previous year. Overall, the export price, however, showed a mild curtailment. Over the period under review, the average export prices attained the maximum at $1,483 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Kuwait.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +2.0% per year.
Imports of Iron Oxides and Hydroxides in Bahrain
In 2022, approx. 433 tons of iron oxides and hydroxideses were imported into Bahrain; shrinking by -10.5% compared with 2021 figures. Over the period under review, imports showed a abrupt slump. The smallest decline of -9.2% was in 2021.
In value terms, iron oxides and hydroxides imports amounted to $681K in 2022. In general, imports recorded a deep setback.
| Import of Iron Oxides and Hydroxides in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 600 | 471 | 523 | 585 | -0.8% |
| South Korea | 11.2 | 12.3 | 28.2 | 53.3 | 68.2% |
| Germany | 147 | 72.6 | 46.7 | 31.0 | -40.5% |
| India | 11.9 | 12.6 | 7.0 | 3.8 | -31.6% |
| Hong Kong SAR | 23.9 | 16.5 | 8.3 | 3.4 | -47.8% |
| Spain | 8.9 | 10.4 | 1.3 | N/A | -61.8% |
| United Arab Emirates | 39.1 | 38.0 | 25.7 | N/A | -18.9% |
| Others | 48.9 | 48.1 | 33.9 | 5.1 | -52.9% |
| Total | 890 | 681 | 674 | 681 | -8.5% |
Top Suppliers of Iron Oxides and Hydroxides to Bahrain in 2022:
- China (366.5 tons)
- South Korea (50.0 tons)
- Germany (10.1 tons)
- India (4.9 tons)
- Hong Kong SAR (1.0 tons)
Exports of Iron Oxides and Hydroxides in Bahrain
Iron oxides and hydroxides exports from Bahrain reached 336 kg in 2022, increasing by 9.4% on the previous year's figure. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron oxides and hydroxides exports surged to $447 in 2022. The total export value increased at an average annual rate of +13.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron Oxides and Hydroxides in Bahrain (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 165 | 25.0 | 32.0 | 447 | 39.4% |
| United Arab Emirates | 141 | 312 | 338 | N/A | 54.8% |
| Others | 2.0 | 1.0 | 1.0 | N/A | -29.3% |
| Total | 308 | 338 | 371 | 447 | 13.2% |
Top Export Markets for Iron Oxides and Hydroxides from Bahrain in 2022:
- Kuwait (336.0 kg)
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