Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $164 per ton in 2022, shrinking by -19.6% against the previous year. In general, the export price, however, saw modest growth. The pace of growth appeared the most rapid in 2021 an increase of 66%. As a result, the export price attained the peak level of $204 per ton, and then shrank remarkably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($215 per ton), while the average price for exports to China ($138 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $111 per ton in 2022, reducing by -22.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 49% against the previous year. As a result, import price reached the peak level of $143 per ton, and then contracted markedly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +0.1% per year.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia
After three years of growth, shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -64.9% to 7M tons in 2022. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped remarkably to $1.1B in 2022. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 68%. As a result, the exports reached the peak of $4.1B, and then declined notably in the following year.
Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 201 | 313 | 728 | 246 | 7.0% |
China | 343 | 541 | 54.3 | 176 | -19.9% |
Turkey | 82.4 | 140 | 258 | 85.6 | 1.3% |
Slovakia | 81.5 | 134 | 309 | 66.0 | -6.8% |
Serbia | 44.5 | 18.6 | 77.2 | 43.4 | -0.8% |
Poland | N/A | 14.9 | 49.5 | 29.9 | 41.7% |
France | 76.8 | 90.6 | 347 | 20.1 | -36.0% |
Egypt | 44.9 | 20.4 | 38.4 | 19.0 | -24.9% |
Netherlands | 7.2 | N/A | N/A | 17.8 | 35.2% |
South Korea | N/A | N/A | N/A | 16.7 | 0% |
Finland | 94.0 | 87.3 | 237 | 6.5 | -59.0% |
Others | 640 | 1,073 | 1,983 | 423 | -12.9% |
Total | 1,615 | 2,433 | 4,081 | 1,150 | -10.7% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Russia in 2022:
- Germany (1402.9K tons)
- China (1279.5K tons)
- Turkey (552.6K tons)
- Slovakia (420.3K tons)
- Serbia (208.0K tons)
- Poland (191.6K tons)
- France (129.9K tons)
- Netherlands (101.3K tons)
- Egypt (99.3K tons)
- South Korea (77.9K tons)
- Finland (36.6K tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia
Imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Russia declined sharply to 816K tons in 2022, waning by -74.7% against the previous year. Overall, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, imports reached the peak of 3.2M tons, and then contracted remarkably in the following year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) fell dramatically to $91M in 2022. In general, imports faced a significant decrease. The pace of growth was the most pronounced in 2021 when imports increased by 172% against the previous year. As a result, imports reached the peak of $462M, and then reduced remarkably in the following year.
Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kazakhstan | 212 | 169 | 461 | 90.7 | -24.6% |
Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 213 | 170 | 462 | 90.8 | -24.7% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Russia in 2022:
- Kazakhstan (815.3K tons)
This report provides an in-depth analysis of the iron ore market in the Russian Federation.
This report provides an in-depth analysis of the iron ore market in the Russian Federation.
This report provides an in-depth analysis of the roasted iron pyrites market in the Russian Federation.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global roasted iron pyrites market.
This report provides an in-depth analysis of the iron ore market in the Russian Federation.
This report provides an in-depth analysis of the iron ore market in the Russian Federation.
This report provides an in-depth analysis of the roasted iron pyrites market in the Russian Federation.
This report provides an in-depth analysis of the global iron ore market.
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Explore the top import markets for iron ore, including China, Japan, South Korea, and more. Learn about the key statistics and import values of these countries. Discover valuable insights using the IndexBox market intelligence platform.
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.