Price for Iron Ore and Concentrate, Non-Agglomerated in Bahrain - 2022
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Bahrain (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Bahrain (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Bahrain
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Bahrain
Price for Iron Ore and Concentrate, Non-Agglomerated in Bahrain (CIF) - 2022
The average import price for iron ores and concentrates, non-agglomerated stood at $144 per ton in 2022, dropping by -16.9% against the previous year. Overall, the import price saw a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. As a result, import price attained the peak level of $173 per ton, and then dropped markedly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($186 per ton) and Canada ($148 per ton), while the price for Chile ($139 per ton) and Brazil ($143 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Non-Agglomerated in Bahrain (FOB) - 2022
The average export price for iron ores and concentrates, non-agglomerated stood at $112 per ton in 2022, rising by 2.4% against the previous year. In general, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of 4,672%. As a result, the export price attained the peak level of $5,361 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($156 per ton), while the average price for exports to Hong Kong SAR ($80 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 India (+114.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Bahrain
In 2022, the amount of iron ores and concentrates, non-agglomerated imported into Bahrain reduced slightly to 13M tons, remaining stable against 2021 figures. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% 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 +80.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, imports attained the peak of 13M tons, leveling off in the following year.
In value terms, iron ore and concentrate, non-agglomerated imports reduced markedly to $1.9B in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 188%. As a result, imports attained the peak of $2.2B, and then plummeted in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 692 | 524 | 1,744 | 1,530 | 30.3% |
| Canada | 76.7 | 44.9 | 118 | 153 | 25.9% |
| Chile | 6.8 | 38.3 | 76.5 | 144 | 176.7% |
| Sweden | 101 | 45.6 | 108 | 29.9 | -33.4% |
| Others | 134 | 123 | 190 | N/A | 19.1% |
| Total | 1,010 | 776 | 2,236 | 1,857 | 22.5% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Bahrain in 2022:
- Brazil (10.7M tons)
- Canada (1.0M tons)
- Chile (1.0M tons)
- Sweden (0.2M tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Bahrain
In 2022, overseas shipments of iron ores and concentrates, non-agglomerated decreased by -12.6% to 14K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 4,783% against the previous year. As a result, the exports reached the peak of 221K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, iron ore and concentrate, non-agglomerated exports contracted to $1.6M in 2022. In general, exports faced a dramatic decline. 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 $29M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.2 | 0.9 | 0.7 | 0.9 | 65.1% |
| China | 0.2 | 0.2 | 1.0 | 0.5 | 35.7% |
| Hong Kong SAR | N/A | N/A | 0.1 | 0.2 | 100.0% |
| India | N/A | 11.0 | N/A | N/A | 0% |
| Oman | N/A | 17.0 | N/A | N/A | 0% |
| Others | 23.8 | N/A | N/A | N/A | 0% |
| Total | 24.3 | 29.2 | 1.8 | 1.6 | -59.6% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Bahrain in 2022:
- China (6.5K tons)
- Malaysia (5.5K tons)
- Hong Kong SAR (2.0K tons)
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