Price for Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates - 2021
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates (FOB) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates (CIF) - 2022
- Exports of Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates
- Imports of Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates
Price for Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $145 per ton, growing by 29% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron ore and concentrate, non-agglomerated export price increased by +176.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($204 per ton), while the average price for exports to the UK amounted to $139 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+53.4%).
Price for Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates (CIF) - 2022
The average import price for iron ores and concentrates, non-agglomerated stood at $41 per ton in 2022, with an increase of 4.9% against the previous year. In general, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 an increase of 116% against the previous year. The import price peaked at $44 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +83.0% per year.
Exports of Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates
In 2022, exports of iron ores and concentrates, non-agglomerated from the United Arab Emirates declined notably to 133K tons, which is down by -46.7% compared with the year before. In general, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 128%.
In value terms, iron ore and concentrate, non-agglomerated exports dropped markedly to $19M in 2022. Over the period under review, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 170% against the previous year.
| Export of Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 16.7 | 0% |
| Netherlands | N/A | N/A | N/A | 2.6 | 0% |
| China | 150 | 6.3 | 14.8 | N/A | -68.6% |
| Vietnam | N/A | N/A | 6.7 | N/A | 0% |
| Indonesia | N/A | 4.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 6.7 | 0.1 | -98.5% |
| Total | 150 | 10.5 | 28.2 | 19.3 | -49.5% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from the United Arab Emirates in 2022:
- United Kingdom (119.6K tons)
- Netherlands (12.7K tons)
Imports of Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates
In 2022, imports of iron ores and concentrates, non-agglomerated into the United Arab Emirates contracted significantly to 74K tons, with a decrease of -37.5% against the previous year. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of 119K tons, and then shrank rapidly in the following year.
In value terms, iron ore and concentrate, non-agglomerated imports shrank significantly to $3.1M in 2022. Overall, imports, however, showed a measured increase. The pace of growth was the most pronounced in 2021 when imports increased by 221% against the previous year. As a result, imports reached the peak of $4.7M, and then fell sharply in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | N/A | 3.1 | 0% |
| India | 0.9 | 0.7 | 3.6 | N/A | 100.0% |
| Oman | 0.8 | 0.8 | 1.0 | N/A | 11.8% |
| Brazil | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | 0.1 | N/A | -50.0% |
| Total | 2.7 | 1.5 | 4.7 | 3.1 | 4.7% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to the United Arab Emirates in 2022:
- Sweden (74.3K tons)
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