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Turkey - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Ore Price in Turkey - 2023
Contents:
- Iron Ore Price in Turkey (CIF) - 2022
- Iron Ore Price in Turkey (FOB) - 2023
- Iron Ore Imports in Turkey
- Iron Ore Exports in Turkey
Iron Ore Price in Turkey (CIF) - 2022
The average iron ore import price stood at $148 per ton in 2022, shrinking by -18.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 71%. As a result, import price attained the peak level of $182 per ton, and then dropped markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($255 per ton), while the price for Brazil ($117 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron Ore Price in Turkey (FOB) - 2023
In July 2023, the average iron ore export price amounted to $82.6 per ton, dropping by -13.4% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 24% month-to-month. The export price peaked at $98.4 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Algeria ($92.0 per ton), while the average price for exports to Iraq ($15.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.
Iron Ore Imports in Turkey
In 2022, approx. 9.4M tons of iron ores and concentrates were imported into Turkey; dropping by -16.7% compared with the previous year. Over the period under review, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports reached the peak of 11M tons, and then shrank dramatically in the following year.
In value terms, iron ore imports declined significantly to $1.4B in 2022. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, imports attained the peak of $2B, and then dropped dramatically in the following year.
Import of Iron Ore in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 484 | 508 | 892 | 489 | 0.3% |
Sweden | 189 | 261 | 335 | 314 | 18.4% |
South Africa | 44.0 | 33.4 | 119 | 177 | 59.0% |
India | 64.1 | N/A | N/A | 111 | 20.1% |
Ukraine | 68.7 | 82.6 | 269 | 103 | 14.5% |
Russia | 82.4 | 140 | 258 | 85.6 | 1.3% |
Uzbekistan | N/A | N/A | N/A | 43.4 | 0% |
Finland | N/A | N/A | 133 | 24.7 | -81.4% |
Canada | 147 | 23.2 | N/A | N/A | -84.2% |
Others | 21.5 | 2.2 | 39.1 | 38.4 | 21.3% |
Total | 1,102 | 1,051 | 2,046 | 1,386 | 7.9% |
Top Suppliers of Iron Ore to Turkey in 2022:
- Brazil (4.2M tons)
- Sweden (1.6M tons)
- South Africa (1.4M tons)
- Ukraine (0.6M tons)
- Russia (0.6M tons)
- India (0.4M tons)
- Uzbekistan (0.2M tons)
- Finland (0.1M tons)
Iron Ore Exports in Turkey
In 2022, shipments abroad of iron ores and concentrates decreased by -20.9% to 2.8M tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports reached the peak of 3.5M tons, and then reduced notably in the following year.
In value terms, iron ore exports fell rapidly to $265M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 114%. As a result, the exports reached the peak of $408M, and then reduced rapidly in the following year.
Export of Iron Ore in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 20.3 | 83.3 | 215 | 88.8 | 63.5% |
Romania | 35.3 | 65.0 | 89.1 | 79.1 | 30.9% |
Algeria | 32.4 | 36.2 | 39.4 | 52.1 | 17.2% |
France | 0.4 | 0.4 | 9.4 | 22.4 | 282.6% |
Serbia | 5.7 | 2.7 | 36.7 | 8.3 | 13.3% |
Vietnam | N/A | N/A | 4.3 | 6.5 | 51.2% |
Iraq | 0.7 | 0.9 | 2.3 | 0.7 | 0.0% |
Others | 7.8 | 1.9 | 11.7 | 7.4 | -1.7% |
Total | 103 | 190 | 408 | 265 | 37.0% |
Top Export Markets for Iron Ore from Turkey in 2022:
- China (961.5K tons)
- Romania (776.2K tons)
- Algeria (448.1K tons)
- France (217.8K tons)
- Vietnam (110.2K tons)
- Serbia (92.4K tons)
- Iraq (59.9K tons)
This report provides an in-depth analysis of the iron ore market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the roasted iron pyrites market in Turkey.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global roasted iron pyrites market.
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the roasted iron pyrites market in Turkey.
This report provides an in-depth analysis of the global iron ore market.
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.
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
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...
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...
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...
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 ...
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 ...
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.
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.