Report World - Iron Oxides and Hydroxides - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Iron Oxides and Hydroxides - Market Analysis, Forecast, Size, Trends and Insights

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Global Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size

In 2021, the global iron oxide pigment market decreased by -1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X, leveling off in the following year.

Iron Oxide Pigment Production

In value terms, iron oxide pigment production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth remained at a lower figure.

Iron Oxide Pigment Exports

Exports

In 2021, after three years of decline, there was significant growth in overseas shipments of iron oxide pigments, when their volume increased by 27% to X tons. Overall, exports, however, saw a noticeable decrease. The global exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, iron oxide pigment exports skyrocketed to $X in 2021. In general, exports, however, recorded a pronounced decline. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the largest exporter of iron oxide pigments, committing 37% of total exports. South Korea (X tons) took the second position in the ranking, followed by Sweden (X tons) and the United States (X tons). All these countries together took near 20% share of total exports. Japan (X tons), Belgium (X tons), Taiwan (Chinese) (X tons), Brazil (X tons), Austria (X tons), India (X tons), South Africa (X tons), Mauritania (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iron oxide pigment exports from China stood at +2.1%. At the same time, Mauritania (+33.5%), South Africa (+21.9%), Belgium (+11.4%), Austria (+4.4%), Japan (+3.6%), India (+3.3%), France (+2.8%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in the world, with a CAGR of +33.5% from 2012-2021. By contrast, Sweden (-2.3%), the United States (-4.0%), Taiwan (Chinese) (-4.1%) and Brazil (-19.2%) illustrated a downward trend over the same period. While the share of China (+13 p.p.), South Korea (+3.4 p.p.), Belgium (+2.5 p.p.), Mauritania (+2.1 p.p.), South Africa (+2.1 p.p.) and Japan (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Brazil (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron oxide pigment supplier worldwide, comprising 46% of global exports. The second position in the ranking was taken by the United States ($X), with a 7% share of global exports. It was followed by South Korea, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +2.3%. In the other countries, the average annual rates were as follows: the United States (-2.4% per year) and South Korea (+2.7% per year).

Export Prices by Country

The average iron oxide pigment export price stood at $X per ton in 2021, surging by 2.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+20.8%), while the other global leaders experienced more modest paces of growth.

Iron Oxide Pigment Imports

Imports

In 2021, supplies from abroad of iron oxide pigments was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron oxide pigment imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and the United States (X tons) represented the main importers of iron oxide pigments in 2021, finishing at near 22% and 18% of total imports, respectively. Spain (X tons), Germany (X tons), the UK (X tons), the Netherlands (X tons), Russia (X tons), Italy (X tons), Mexico (X tons), India (X tons), Australia (X tons), Poland (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +5.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest iron oxide pigment importing markets worldwide were the United States ($X), China ($X) and Germany ($X), with a combined 34% share of global imports. These countries were followed by the UK, the Netherlands, Russia, India, Spain, Mexico, France, Australia, Poland and Italy, which together accounted for a further 28%.

The Netherlands, with a CAGR of +6.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average iron oxide pigment import price amounted to $X per ton, growing by 8.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of iron oxide pigments consumption in 2020 were China, Germany and the United States, together comprising 43% of global consumption. India, Mexico, Japan, Chile, Taiwan Chinese), Russia, Italy, France, Brazil and Poland lagged somewhat behind, together accounting for a further 31%.
The countries with the highest volumes of iron oxide pigments production in 2020 were China, Germany and India, with a combined 57% share of global production. These countries were followed by Japan, Brazil, Chile, South Korea, Taiwan Chinese), France, Italy, Mauritania, Austria and Belgium, which together accounted for a further 30%.
In value terms, China remains the largest iron oxide pigments supplier worldwide, comprising 45% of global exports. The second position in the ranking was occupied by the United States, with a 7.5% share of global exports. It was followed by Italy, with a 7.2% share.
In value terms, the United States constitutes the largest market for imported iron oxides and hydroxides worldwide, comprising 22% of global imports. The second position in the ranking was occupied by China, with an 8.1% share of global imports. It was followed by Germany, with a 4.8% share.
The average iron oxide pigments export price stood at $989 per ton in 2020, declining by -6.6% against the previous year.
The average iron oxide pigments import price stood at $917 per ton in 2020, declining by -5.7% against the previous year.

This report provides an in-depth analysis of the global iron oxide pigment market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20121910 - Iron oxides and hydroxides, earth colours containing .70 % or more by weight of combined iron evaluated as Fe2O3

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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