From 2007 to 2011, global sales of iron oxides and hydroxides increased by 2%: from 1,377 to 1,393 thousand tons. In 2008 and 2009, there was a decrease in sales of iron oxides and hydroxides of the world by 2% and 15% respectively.
The global economic crisis has greatly affected the market for these products: in 2008–2009, there was a decrease in demand for iron oxides and hydroxides from consuming industries. The largest decline in sales in these years was observed in China and the United States. During the period from 2007 to 2009, sales in these countries decreased by 34 and 14 thousand tons, respectively. In 2010 and 2011, there was a recovery in the global market for iron oxides and hydroxides: natural sales increased by 10 and 9% from previous years.
Traditionally, the largest sales of iron oxides and hydroxides are in China and the United States. The demand for iron oxide in China is growing rapidly due to the construction boom happening there. In third place in terms of actual sales is Chile. The total share of these countries in the sales of iron oxides and hydroxides in 2007-2011 ranged from 36% in 2007 to 40% in 2010.
According to BusinesStat, in 2012-2016, sales of iron oxides and hydroxides in the world will continue to grow by an average of 5% per year. In 2016, sales will almost reach 2 million tons. The growth in demand will be due to the high growth rates of consuming industries, such as the construction industry, the production of electronic components and construction materials, the paint and varnish industry, medicine, the polymer and paper industries.
"Analysis of the global market for iron oxides and hydroxides in 2007-2011, forecast for 2012-2016" includes the most important data necessary for understanding the current market conditions and assessing the prospects for its development:
• Economy and population
• Production of iron oxides and hydroxides
• Sales of iron oxides and hydroxides
• External and internal trade in iron oxides and hydroxides
• Import and export of iron oxides and hydroxides
• Foreign trade prices of iron oxides and hydroxides
BusinesStat regularly conducts a review of the market of iron oxides and hydroxides in all countries of the world, including Russia.
The review provides current data on the production, export and import of iron oxides and hydroxides over the countries of the world.
Separately, the forecast for the 25 countries of the world leading in the production, export and import of iron oxides and hydroxides is given: Australia, Austria, Belgium, Brazil, United Kingdom, Germany, Iraq, Spain, Italy, Canada, China, Malaysia, Mexico, Poland, Republic Korea, Russian Federation, USA, Turkey, Ukraine, France, Czech Republic, Chile, Sweden, South Africa, Japan. These countries are referred to in the review as market leaders of iron oxides and hydroxides.
In preparing the review used official statistics:
• United Nations Statistics Division
• Commodity Trade Statistics
• Industrial Commodity Statistics
• International Trade Center
• Organization for Economic Co-operation and Development
Along with the official statistics, the review presents the results of the international research of BusinesStat:
• Audit of trade in chemical products
• Survey of chemical industry experts
Categories: Industry /.../ Ferrous metallurgy / Iron
The whole world