Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $200 per ton, which is down by -4.6% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by +60.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 68% against the previous year. As a result, import price reached the peak level of $209 per ton, and then reduced modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($208 per ton), while the price for Ukraine ($133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $92 per ton, increasing by 14% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. Over the period under review, the average export prices attained the maximum at $146 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($102 per ton), while the average price for exports to Japan ($58 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 the Netherlands (+1.8%), while the prices for the other major destinations experienced a decline.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States
In 2022, overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -6.4% to 4.7M tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 58%.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) fell to $935M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 90%. As a result, imports attained the peak of $1B, and then shrank in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 256 | 230 | 469 | 431 | 19.0% |
| Canada | 114 | 166 | 300 | 328 | 42.2% |
| Sweden | N/A | 94.6 | 123 | 146 | 24.2% |
| Ukraine | N/A | 23.7 | 69.0 | 13.4 | -24.8% |
| Russia | 52.4 | 9.3 | 10.6 | N/A | -55.0% |
| Others | 14.6 | 28.2 | 75.6 | 15.9 | 2.9% |
| Total | 437 | 551 | 1,047 | 935 | 28.9% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to the United States in 2022:
- Brazil (2144.3K tons)
- Canada (1580.0K tons)
- Sweden (787.2K tons)
- Ukraine (100.7K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States
In 2022, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from the United States declined rapidly to 9.3M tons, with a decrease of -26% against 2021 figures. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of 13M tons, and then reduced notably in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) plummeted to $857M in 2022. Overall, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of $1B, and then reduced markedly in the following year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 776 | 613 | 760 | 715 | -2.7% |
| France | N/A | N/A | N/A | 43.3 | 0% |
| Netherlands | N/A | 2.3 | 23.8 | 32.1 | 273.6% |
| Brazil | N/A | N/A | N/A | 17.9 | 0% |
| Spain | N/A | 3.7 | 36.1 | 17.0 | 114.4% |
| Japan | 151 | 128 | 89.5 | 9.9 | -59.7% |
| Slovakia | N/A | 57.0 | 19.0 | N/A | -66.7% |
| Others | 9.5 | 16.2 | 82.8 | 22.6 | 33.5% |
| Total | 937 | 820 | 1,011 | 857 | -2.9% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from the United States in 2022:
- Canada (7.6M tons)
- France (0.4M tons)
- Netherlands (0.3M tons)
- Spain (0.3M tons)
- Brazil (0.2M tons)
- Japan (0.2M tons)
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