Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan (FOB) - 2023
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan (FOB) - 2023
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $93.9 per ton in July 2023, surging by 22% against the previous month. Overall, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in May 2023 an increase of 34% m-o-m. The export price peaked at $122 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -2.1% per month.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $338 per ton, rising by 8.5% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by +108.2% against 2013 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 8.5%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Bahrain.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +8.2% per year.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan
In 2022, shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -36.4% to 102K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 43%. As a result, the exports attained the peak of 213K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) fell significantly to $11M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, the exports attained the peak of $16M, and then declined sharply in the following year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 10.6 | 15.6 | 10.7 | 11.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.8 | 10.6 | 15.6 | 10.7 | 11.1% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Pakistan in 2022:
- China (102.1K tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan
In 2022, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Pakistan declined to 28K tons, with a decrease of -5.4% compared with 2021. In general, imports showed a abrupt decline. The smallest decline of -5.3% was in 2020.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) expanded to $9.5M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 2.7% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 8.7 | 9.0 | 9.2 | 9.5 | 3.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.7 | 9.0 | 9.2 | 9.5 | 3.0% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Pakistan in 2022:
- Bahrain (28.1K tons)
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This report provides an in-depth analysis of the roasted iron pyrites market in Pakistan.
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