In 2023, China continued to dominate the global export of iron oxides and hydroxides with substantial volume, followed by distant contributors like Sweden and South Korea. France exhibited significant growth compared to the previous year, while Japan and Belgium saw declines. The diversification in exporting countries expanded, with Slovenia displaying the highest year-on-year growth in exports. Countries like Brazil experienced a sharp decline, while others like Greece and Lebanon showed promising upward trends. It's notable that despite its leading role, China maintained a stable growth rate.
Looking ahead, key trends to monitor include potential shifts in demand due to environmental regulations impacting production processes and the rise of new markets. Additionally, technological advancements in sourcing and processing might alter the competitive landscape. The fluctuating economic conditions and geopolitical tensions could also redefine trade dynamics in the sector.
Top countries in Export of Iron Oxides and Hydroxides by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 317,870,000 | 2023 | +0.58% | +1% | View data |
| 2 | 2 Sweden | 74,308,000 | 2023 | +2.75% | +3.44% | View data |
| 3 | 3 South Korea | 63,794,000 | 2023 | +0.62% | +3.39% | View data |
| 4 | 4 United States | 57,167,000 | 2023 | -1.56% | +0.96% | View data |
| 5 | 5 France | 39,090,000 | 2023 | +1.21% | +25.31% | View data |
| 6 | 6 Austria | 27,356,000 | 2023 | +1.87% | +2.26% | View data |
| 7 | 7 Italy | 23,722,000 | 2023 | -1.11% | +1.99% | View data |
| 8 | 8 India | 23,687,000 | 2023 | +2.44% | +4.67% | View data |
| 9 | 9 Japan | 20,713,000 | 2023 | -5.11% | -8.43% | View data |
| 10 | 10 Belgium | 17,628,000 | 2023 | -0.014% | -2.25% | View data |
