Price for Iron Ore and Concentrate, Non-Agglomerated in Indonesia - 2022
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Indonesia (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Indonesia (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Indonesia
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Indonesia
Price for Iron Ore and Concentrate, Non-Agglomerated in Indonesia (CIF) - 2022
The average import price for iron ores and concentrates, non-agglomerated stood at $112 per ton in 2022, reducing by -24.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $201 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($158 per ton) and Brazil ($123 per ton), while the price for Australia ($110 per ton) and Canada ($114 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron Ore and Concentrate, Non-Agglomerated in Indonesia (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $74 per ton, waning by -22.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 142%. Over the period under review, the average export prices reached the maximum at $95 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($460 per ton), while the average price for exports to the Philippines ($36 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 Hong Kong SAR (+9.5%), while the prices for the other major destinations experienced a decline.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Indonesia
For the fourth year in a row, Indonesia recorded growth in overseas purchases of iron ores and concentrates, non-agglomerated, which increased by 33% to 12M tons in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, iron ore and concentrate, non-agglomerated imports totaled $1.3B in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 326 | 454 | 975 | 1,190 | 54.0% |
| Canada | 21.1 | 37.6 | 56.3 | 53.8 | 36.6% |
| Brazil | 32.6 | 102 | 222 | 31.4 | -1.2% |
| Others | 25.3 | 41.3 | 88.3 | 69.5 | 40.1% |
| Total | 405 | 635 | 1,341 | 1,345 | 49.2% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Indonesia in 2022:
- Australia (10.8M tons)
- Canada (0.5M tons)
- Brazil (0.3M tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Indonesia
In 2022, overseas shipments of iron ores and concentrates, non-agglomerated decreased by -83.6% to 209K tons, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, the exports reached the peak of 1.6M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, iron ore and concentrate, non-agglomerated exports fell remarkably to $16M in 2022. In general, exports recorded a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 21%. As a result, the exports attained the peak of $133M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.7 | 106 | 88.0 | 11.0 | -49.9% |
| Hong Kong SAR | 11.5 | 9.0 | 11.0 | 1.6 | -48.2% |
| Philippines | 0.7 | 5.7 | 6.6 | 0.8 | 4.6% |
| Others | 10.1 | 11.9 | 15.6 | 2.0 | -41.7% |
| Total | 110 | 133 | 121 | 15.5 | -48.0% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Indonesia in 2022:
- China (180.0K tons)
- Philippines (22.6K tons)
- Hong Kong SAR (3.6K tons)
1688
This report provides an in-depth analysis of the iron ore market in Indonesia.
817
This report provides an in-depth analysis of the iron ore market in Indonesia.
386
This report provides an in-depth analysis of the roasted iron pyrites market in Indonesia.
2165
This report provides an in-depth analysis of the global iron ore market.
1236
This report provides an in-depth analysis of the global iron ore market.
584
This report provides an in-depth analysis of the global roasted iron pyrites market.
1688
This report provides an in-depth analysis of the iron ore market in Indonesia.
817
This report provides an in-depth analysis of the iron ore market in Indonesia.
386
This report provides an in-depth analysis of the roasted iron pyrites market in Indonesia.
2165
This report provides an in-depth analysis of the global iron ore market.
559
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.
752
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
1020
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...
966
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...
1170
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...
1306
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 ...
1363
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 ...
559
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.
752
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
