Brazil - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Ore Price in Brazil - 2023
Contents:
- Iron Ore Price in Brazil (FOB) - 2022
- Iron Ore Price in Brazil (CIF) - 2022
- Iron Ore Exports in Brazil
- Iron Ore Imports in Brazil
Iron Ore Price in Brazil (FOB) - 2022
In 2022, the average iron ore export price amounted to $84 per ton, declining by -32.3% against the previous year. Over the period under review, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 61%. As a result, the export price reached the peak level of $124 per ton, and then dropped significantly in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahrain ($110 per ton) and South Korea ($107 per ton), while the average price for exports to China ($77 per ton) and Oman ($81 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Iron Ore Price in Brazil (CIF) - 2022
In 2022, the average iron ore import price amounted to $203 per ton, reducing by -11% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 an increase of 785%. Over the period under review, average import prices hit record highs at $677 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($215 per ton), while the price for Bolivia ($77 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Iron Ore Exports in Brazil
Iron ore exports from Brazil contracted slightly to 344M tons in 2022, falling by -4.5% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 7.6% against the previous year. As a result, the exports reached the peak of 360M tons, and then dropped in the following year.
In value terms, iron ore exports reduced notably to $28.9B in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. As a result, the exports attained the peak of $44.7B, and then reduced rapidly in the following year.
| Export of Iron Ore in Brazil (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 18.3 | 28.7 | 18.2 | 10.7% |
| Malaysia | 1.9 | 1.7 | 2.8 | 1.5 | -7.6% |
| Bahrain | 0.6 | 0.5 | 1.8 | 1.3 | 29.4% |
| Japan | 1.1 | 0.9 | 1.7 | 1.1 | 0.0% |
| South Korea | 0.6 | 0.5 | 1.0 | 0.9 | 14.5% |
| Oman | 0.8 | 0.7 | 1.4 | 0.8 | 0.0% |
| Netherlands | 0.9 | 0.6 | 1.0 | 0.7 | -8.0% |
| Others | 3.5 | 2.5 | 6.3 | 4.4 | 7.9% |
| Total | 22.7 | 25.8 | 44.7 | 28.9 | 8.4% |
Top Export Markets for Iron Ore from Brazil in 2022:
- China (237.1M tons)
- Malaysia (18.2M tons)
- Bahrain (12.0M tons)
- Japan (11.6M tons)
- Oman (10.2M tons)
- South Korea (8.0M tons)
- Netherlands (7.6M tons)
Iron Ore Imports in Brazil
Iron ore imports into Brazil contracted markedly to 236K tons in 2022, reducing by -20.3% compared with the previous year. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 75%. As a result, imports reached the peak of 296K tons, and then shrank sharply in the following year.
In value terms, iron ore imports dropped rapidly to $48M in 2022. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 210% against the previous year. As a result, imports reached the peak of $68M, and then contracted dramatically in the following year.
| Import of Iron Ore in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 7.0 | 67.5 | 37.2 | 130.5% |
| United States | N/A | N/A | N/A | 10.4 | 0% |
| Bolivia | N/A | N/A | N/A | 0.3 | 0% |
| Russia | N/A | 14.7 | N/A | N/A | 0% |
| Bahrain | 39.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 40.0 | 21.8 | 67.6 | 47.9 | 6.2% |
Top Suppliers of Iron Ore to Brazil in 2022:
- India (173.2K tons)
- United States (58.3K tons)
- Bolivia (3.8K tons)
This report provides an in-depth analysis of the iron ore market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07101000 - Iron ores and concentrates (excluding roasted iron pyrites)
- Prodcom 07101010 -
- Prodcom 07101020 -
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
510
This report provides an in-depth analysis of the iron ore market in Brazil.
645
This report provides an in-depth analysis of the iron ore market in Brazil.
364
This report provides an in-depth analysis of the roasted iron pyrites market in Brazil.
2137
This report provides an in-depth analysis of the global iron ore market.
1213
This report provides an in-depth analysis of the global iron ore market.
571
This report provides an in-depth analysis of the global roasted iron pyrites market.
510
This report provides an in-depth analysis of the iron ore market in Brazil.
645
This report provides an in-depth analysis of the iron ore market in Brazil.
364
This report provides an in-depth analysis of the roasted iron pyrites market in Brazil.
2137
This report provides an in-depth analysis of the global iron ore market.
596
In June 2023, the price of Iron Ore amounted to $69.1 per ton (FOB, Brazil), decreasing by -16.9% compared to the previous month.
500
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.
735
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
596
In June 2023, the price of Iron Ore amounted to $69.1 per ton (FOB, Brazil), decreasing by -16.9% compared to the previous month.
1005
In value terms, ores and concentrates; n.e.c. in heading no. X imports totaled $X in 2016. In general, ores and concentrates; n.e.c. in heading no. X imports continue to indicate a remarkable...
948
In value terms, ferrous products imports stood at $X in 2016. Overall, ferrous products imports continue to indicate a slight reduction. Over the period under review, global ferrous products import...
1154
In value terms, ferrous products exports stood at $X in 2016. Overall, ferrous products exports continue to indicate a abrupt deduction. Over the period under review, global ferrous products export...
1285
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
1342
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
500
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.
