Price for Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan - 2023

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan (FOB) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan (CIF) - 2022
3. Exports of Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan
4. Imports of Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan

Price for Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan (FOB) - 2022

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $906 per ton, with a decrease of -72.6% against the previous year. In general, the export price, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 an increase of 497%. As a result, the export price attained the peak level of $3,309 per ton, and then plummeted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($906 per ton), while the average price for exports to Turkey amounted to $874 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1,396.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan (CIF) - 2022

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $148 per ton, surging by 11% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 172%. As a result, import price reached the peak level of $730 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($576 per ton), while the price for Turkey ($84 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+10.9%), while the prices for the other major suppliers experienced a decline.

Exports of Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan

After two years of decline, overseas shipments of iron ores and concentrates, non-agglomerated increased by 174% to 24 tons in 2022. Overall, exports, however, showed a significant decline.

In value terms, iron ore and concentrate, non-agglomerated exports reduced notably to $22K in 2022. Over the period under review, exports, however, faced a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 99%.

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Azerbaijan in 2022:

1. Georgia (23.6 tons)
2. Turkey (0.8 tons)

Imports of Iron Ore and Concentrate, Non-Agglomerated in Azerbaijan

Iron ore and concentrate, non-agglomerated imports into Azerbaijan fell significantly to 15 tons in 2022, which is down by -38.1% on 2021 figures. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 320%.

In value terms, iron ore and concentrate, non-agglomerated imports fell sharply to $2.2K in 2022. Over the period under review, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 169% against the previous year.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Azerbaijan in 2022:

1. Iran (7.8 tons)
2. Turkey (6.5 tons)
3. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform