Price for Iron Ore and Concentrate, Non-Agglomerated in Venezuela - 2022
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Venezuela (FOB) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Venezuela (CIF) - 2022
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Venezuela
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Venezuela
Price for Iron Ore and Concentrate, Non-Agglomerated in Venezuela (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $122 per ton, with a decrease of -36.1% against the previous year. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in 2017 an increase of 57%. The export price peaked at $190 per ton in 2021, and then reduced markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($225 per ton), while the average price for exports to the Netherlands ($11 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 Belgium (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Non-Agglomerated in Venezuela (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $430 per ton, surging by 11% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 import price increased by +29.0% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 24% against the previous year. The import price peaked at $617 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,790 per ton), while the price for the United States ($236 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.7%), while the prices for the other major suppliers experienced a decline.
Exports of Iron Ore and Concentrate, Non-Agglomerated in Venezuela
Iron ore and concentrate, non-agglomerated exports from Venezuela shrank markedly to 961K tons in 2022, with a decrease of -55.4% on the previous year. Over the period under review, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 181%. As a result, the exports attained the peak of 2.2M tons, and then contracted significantly in the following year.
In value terms, iron ore and concentrate, non-agglomerated exports shrank dramatically to $117M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 327% against the previous year. As a result, the exports reached the peak of $410M, and then reduced sharply in the following year.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 74.6 | 65.6 | 371 | 75.6 | 0.4% |
| Belgium | 9.0 | 7.9 | 10.1 | 7.8 | -4.7% |
| Romania | N/A | N/A | N/A | 5.5 | 0% |
| Japan | 6.3 | 5.5 | 6.9 | 5.2 | -6.2% |
| Germany | 5.1 | 4.3 | 5.4 | 4.1 | -7.0% |
| France | 4.9 | 4.0 | 4.6 | 3.3 | -12.3% |
| United Kingdom | 3.2 | 2.9 | 3.8 | 3.1 | -1.1% |
| Netherlands | 1.5 | 1.2 | 1.3 | 0.9 | -15.7% |
| Others | 10.1 | 4.7 | 6.6 | 11.4 | 4.1% |
| Total | 115 | 96.1 | 410 | 117 | 0.6% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Venezuela in 2022:
- China (395.0K tons)
- France (126.5K tons)
- Netherlands (84.7K tons)
- Japan (58.0K tons)
- United Kingdom (49.2K tons)
- Romania (48.5K tons)
- Germany (44.3K tons)
- Belgium (34.7K tons)
Imports of Iron Ore and Concentrate, Non-Agglomerated in Venezuela
In 2022, iron ore and concentrate, non-agglomerated imports into Venezuela shrank to 24 tons, which is down by -9.7% against the previous year. Over the period under review, imports continue to indicate a abrupt descent. The smallest decline of -5% was in 2021.
In value terms, iron ore and concentrate, non-agglomerated imports declined slightly to $10K in 2022. Overall, imports showed a relatively flat trend pattern. The smallest decline of less than 0.1% was in 2020.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.9 | 5.7 | 5.5 | 5.3 | -3.5% |
| United States | 4.2 | 4.4 | 4.7 | 4.9 | 5.3% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 10.3 | 10.3 | 10.3 | 10.3 | 0.0% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Venezuela in 2022:
- United States (20.8 tons)
- Netherlands (2.9 tons)
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