Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile (CIF) - 2023
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $183 per ton in 2022, declining by -13.9% against the previous year. Over the period under review, the export price, however, showed slight growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 70% against the previous year. As a result, the export price attained the peak level of $212 per ton, and then fell in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($205 per ton), while the average price for exports to China ($162 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 South Korea (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile (CIF) - 2023
In December 2023, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $186 per ton, approximately mirroring the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 12% month-to-month. Over the period under review, average import prices attained the maximum at $206 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From January 2023 to December 2023, the rate of growth in terms of prices for Brazil amounted to -0.9% per month.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile
Exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Chile surged to 2M tons in 2022, growing by 128% compared with the year before. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 905%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) soared to $369M in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 731%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | N/A | 42.5 | 82.3 | 231 | 133.1% |
China | N/A | 209 | 105 | 105 | -29.1% |
United Arab Emirates | N/A | N/A | N/A | 33.1 | 0% |
Argentina | 11.4 | N/A | N/A | N/A | 0% |
Indonesia | 18.9 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 30.3 | 252 | 188 | 369 | 130.1% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Chile in 2022:
- South Korea (1208.9K tons)
- China (648.5K tons)
- United Arab Emirates (161.3K tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile
In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) imported into Chile shrank sharply to 56K tons, which is down by -52.2% on the previous year's figure. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 6,848,370% against the previous year. As a result, imports reached the peak of 116K tons, and then shrank notably in the following year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) reduced rapidly to $13M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 4,282,448%. As a result, imports reached the peak of $30M, and then fell significantly in the following year.
Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Chile (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | N/A | N/A | 30.4 | 12.7 | -58.2% |
India | 6.3 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | 0.1 | 0% |
Total | 6.3 | N/A | 30.4 | 12.8 | 26.7% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Chile in 2022:
- Brazil (55.6K tons)
This report provides an in-depth analysis of the iron ore market in Chile.
This report provides an in-depth analysis of the iron ore market in Chile.
This report provides an in-depth analysis of the roasted iron pyrites market in Chile.
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 Chile.
This report provides an in-depth analysis of the iron ore market in Chile.
This report provides an in-depth analysis of the roasted iron pyrites market in Chile.
This report provides an in-depth analysis of the global iron ore market.
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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.