South Africa - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Ore Price in South Africa - 2023
Contents:
- Iron Ore Price in South Africa (FOB) - 2023
- Iron Ore Price in South Africa (CIF) - 2022
- Iron Ore Exports in South Africa
- Iron Ore Imports in South Africa
Iron Ore Price in South Africa (FOB) - 2023
The average iron ore export price stood at $107 per ton in July 2023, waning by -18.1% against the previous month. In general, the export price saw a mild contraction. The growth pace was the most rapid in June 2023 an increase of 28% m-o-m. Over the period under review, the average export prices attained the peak figure at $134 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the highest price was recorded for prices to Turkey ($118 per ton) and South Korea ($112 per ton), while the average price for exports to China ($103 per ton) and the Netherlands ($107 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Iron Ore Price in South Africa (CIF) - 2022
In 2022, the average iron ore import price amounted to $53 per ton, growing by 11% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $167 per ton in 2012; however, from 2013 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 Botswana ($124 per ton), while the price for China ($25 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron Ore Exports in South Africa
In 2022, approx. 54M tons of iron ores and concentrates were exported from South Africa; with a decrease of -20.6% compared with the year before. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 3.7% against the previous year. As a result, the exports attained the peak of 68M tons, and then fell markedly in the following year.
In value terms, iron ore exports fell significantly to $6.5B in 2022. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 66%. As a result, the exports reached the peak of $10.2B, and then fell notably in the following year.
| Export of Iron Ore in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,477 | 3,647 | 5,053 | 3,343 | -1.3% |
| Netherlands | 448 | 571 | 1,193 | 993 | 30.4% |
| South Korea | 408 | 513 | 680 | 531 | 9.2% |
| Mozambique | 391 | 412 | 977 | 483 | 7.3% |
| Japan | 295 | 292 | 647 | 355 | 6.4% |
| Germany | 214 | 189 | 497 | 287 | 10.3% |
| Turkey | 47.9 | 41.2 | 104 | 145 | 44.7% |
| Others | 495 | 447 | 1,011 | 353 | -10.7% |
| Total | 5,777 | 6,112 | 10,163 | 6,489 | 4.0% |
Top Export Markets for Iron Ore from South Africa in 2022:
- China (27.0M tons)
- Netherlands (8.4M tons)
- Mozambique (4.4M tons)
- South Korea (4.3M tons)
- Japan (3.0M tons)
- Germany (2.5M tons)
- Turkey (1.2M tons)
Iron Ore Imports in South Africa
Iron ore imports into South Africa skyrocketed to 2K tons in 2022, picking up by 110% against the year before. Overall, imports, however, saw a sharp descent.
In value terms, iron ore imports skyrocketed to $105K in 2022. Over the period under review, imports, however, continue to indicate a dramatic downturn.
| Import of Iron Ore in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | N/A | N/A | N/A | 0.1 | 0% |
| Botswana | N/A | N/A | N/A | N/A | 0% |
| China | N/A | N/A | N/A | N/A | 0% |
| Chile | 3.7 | N/A | N/A | N/A | 0% |
| India | 12.5 | N/A | N/A | N/A | 0% |
| Mexico | 13.1 | N/A | N/A | N/A | 0% |
| Australia | 2.2 | N/A | N/A | N/A | 0% |
| Canada | 6.2 | N/A | N/A | N/A | 0% |
| Brazil | 19.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 57.0 | N/A | N/A | 0.1 | -87.9% |
Top Suppliers of Iron Ore to South Africa in 2022:
- Namibia (1577.4 tons)
- China (171.1 tons)
- Australia (89.9 tons)
- Botswana (66.6 tons)
- Brazil (20.7 tons)
- Canada (0.2 tons)
This report provides an in-depth analysis of the iron ore market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07101000 - Iron ores and concentrates (excluding roasted iron pyrites)
- Prodcom 07101010 -
- Prodcom 07101020 -
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
974
This report provides an in-depth analysis of the iron ore market in South Africa.
674
This report provides an in-depth analysis of the iron ore market in South Africa.
324
This report provides an in-depth analysis of the roasted iron pyrites market in South Africa.
2130
This report provides an in-depth analysis of the global iron ore market.
1212
This report provides an in-depth analysis of the global iron ore market.
562
This report provides an in-depth analysis of the global roasted iron pyrites market.
974
This report provides an in-depth analysis of the iron ore market in South Africa.
674
This report provides an in-depth analysis of the iron ore market in South Africa.
324
This report provides an in-depth analysis of the roasted iron pyrites market in South Africa.
2130
This report provides an in-depth analysis of the global iron ore market.
336
According to July 2023 data, the export of Iron Ore experienced a significant decrease of -21.7% compared to the May 2023 figures. However, the value of Iron Ore exports saw a remarkable expansion, reaching $509M in July 2023.
313
In June 2023, the price of Roasted Iron Pyrites was $220 per ton (FOB, South Africa), representing a 40% increase from the previous month.
485
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.
735
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
336
According to July 2023 data, the export of Iron Ore experienced a significant decrease of -21.7% compared to the May 2023 figures. However, the value of Iron Ore exports saw a remarkable expansion, reaching $509M in July 2023.
313
In June 2023, the price of Roasted Iron Pyrites was $220 per ton (FOB, South Africa), representing a 40% increase from the previous month.
1003
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...
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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...
1148
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...
1276
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 ...
