Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus - 2022

Contents:

1. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus (CIF) - 2022
2. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus (FOB) - 2022
3. Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus
4. Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus (CIF) - 2022

The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $215 per ton in 2022, remaining relatively unchanged against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -5.3% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 36%. The import price peaked at $227 per ton in 2019; however, from 2020 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 country with the highest price was Ukraine ($279 per ton), while the price for Russia totaled $191 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.5%).

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus (FOB) - 2022

The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $385 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2014 when the average export price increased by 63%. Over the period under review, the average export prices attained the maximum at $1,816 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -4.2% per year.

Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus

In 2022, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Belarus stood at 401 tons, approximately reflecting the previous year's figure. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% 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 +67.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $86K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +76.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Belarus in 2022:

1. Russia (290.7 tons)
2. Ukraine (110.5 tons)

Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belarus

For the fourth consecutive year, Belarus recorded growth in shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which increased by 0.5% to 8.2 tons in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) totaled $3.1K in 2022. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Belarus in 2022:

1. Russia (8.2 tons)

Source: IndexBox Market Intelligence Platform