Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil - 2024
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $165 per ton, with an increase of 1.5% against the previous year. In general, the export price showed a mild increase. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($193 per ton), while the average price for exports to Libya ($123 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 Algeria (+19.9%), 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 Brazil (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $206 per ton in 2022, shrinking by -9.6% against the previous year. Overall, the import price, however, showed a measured expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 78%. As a result, import price reached the peak level of $228 per ton, and then contracted in the following year.
Average prices varied noticeably 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 the United States totaled $179 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+173.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil
In 2022, approx. 19M tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were exported from Brazil; waning by -22.1% on the previous year's figure. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. As a result, the exports attained the peak of 25M tons, and then fell significantly in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined sharply to $3.2B in 2022. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 165%. As a result, the exports reached the peak of $4B, and then fell dramatically in the following year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 148 | 103 | 497 | 475 | 47.5% |
| United States | 202 | 162 | 399 | 454 | 31.0% |
| South Korea | 112 | 68.0 | 288 | 427 | 56.2% |
| Egypt | 187 | 135 | 314 | 337 | 21.7% |
| Japan | 188 | 88.3 | 390 | 272 | 13.1% |
| Trinidad and Tobago | 94.8 | 68.5 | 152 | 180 | 23.8% |
| Italy | 26.6 | 7.7 | 112 | 125 | 67.5% |
| Vietnam | 7.9 | 19.0 | 32.1 | 101 | 133.8% |
| Qatar | 27.8 | 35.9 | 49.2 | 94.6 | 50.4% |
| Libya | 137 | 22.4 | 87.7 | 92.5 | -12.3% |
| Algeria | 27.8 | 35.6 | 46.2 | 89.6 | 47.7% |
| Malaysia | 60.4 | 52.2 | 65.4 | 87.2 | 13.0% |
| China | 374 | 428 | 407 | 69.1 | -43.0% |
| Others | 850 | 296 | 1,196 | 385 | -23.2% |
| Total | 2,444 | 1,521 | 4,035 | 3,190 | 9.3% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Brazil in 2022:
- South Korea (2.9M tons)
- Argentina (2.7M tons)
- United States (2.6M tons)
- Egypt (2.1M tons)
- Japan (1.7M tons)
- Trinidad and Tobago (1.1M tons)
- Italy (0.8M tons)
- Libya (0.8M tons)
- Algeria (0.6M tons)
- Qatar (0.5M tons)
- Malaysia (0.5M tons)
- Vietnam (0.5M tons)
- China (0.5M tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Brazil
In 2022, approx. 231K tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Brazil; dropping by -22% compared with the previous year. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 75%.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) contracted dramatically to $48M in 2022. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 212%. As a result, imports reached the peak of $68M, and then declined remarkably in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) 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% |
| 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 | 39.9 | 21.7 | 67.5 | 47.6 | 6.1% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Brazil in 2022:
- India (173.2K tons)
- United States (58.3K tons)
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