Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India (FOB) - 2023
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India (FOB) - 2023
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $119 per ton in November 2023, with an increase of 4.5% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in January 2023 when the average export price increased by 11% month-to-month. The export price peaked at $136 per ton in May 2023; however, from June 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In November 2023, the country with the highest price was Indonesia ($129 per ton), while the average price for exports to China totaled $119 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.4%).
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $759 per ton in 2022, jumping by 920% against the previous year. In general, the import price posted strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Sweden ($1,357 per ton), while the price for the United States stood at $69 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India
In 2022, shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -30.2% to 7.6M tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 8%. As a result, the exports attained the peak of 14M tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined significantly to $1.2B in 2022. Overall, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $2.1B, and then shrank notably in the following year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,006 | 1,226 | 1,405 | 650 | -13.5% |
| Germany | N/A | N/A | N/A | 65.2 | 0% |
| Netherlands | N/A | N/A | N/A | 62.7 | 0% |
| Turkey | 54.0 | N/A | N/A | 61.2 | 4.3% |
| Croatia | N/A | N/A | N/A | 58.2 | 0% |
| Poland | N/A | 8.0 | N/A | 47.0 | 142.4% |
| Indonesia | N/A | 52.1 | 137 | 42.2 | -10.0% |
| France | 6.1 | N/A | 9.9 | 22.9 | 55.4% |
| Italy | 6.3 | N/A | 64.2 | 22.6 | 53.1% |
| Malaysia | 35.3 | 72.1 | 59.6 | 22.3 | -14.2% |
| Brazil | N/A | 21.0 | 80.2 | 20.7 | -0.7% |
| United Kingdom | 34.5 | N/A | N/A | 20.2 | -16.3% |
| Oman | 79.6 | 75.4 | 123 | 9.4 | -50.9% |
| Others | 116 | 29.6 | 171 | 59.0 | -20.2% |
| Total | 1,338 | 1,484 | 2,050 | 1,164 | -4.5% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from India in 2022:
- China (4649.2K tons)
- Netherlands (348.2K tons)
- Croatia (317.4K tons)
- Indonesia (317.3K tons)
- Turkey (316.3K tons)
- Germany (315.5K tons)
- Poland (262.9K tons)
- France (148.3K tons)
- Malaysia (148.3K tons)
- Italy (131.1K tons)
- United Kingdom (121.0K tons)
- Brazil (118.6K tons)
- Oman (53.5K tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India
In 2022, supplies from abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -99.7% to 452 tons, falling for the second year in a row after two years of growth. In general, imports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 606%. As a result, imports reached the peak of 380K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) plummeted to $343K in 2022. Over the period under review, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2020 when imports increased by 896% against the previous year. As a result, imports attained the peak of $63M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 0.1 | 0.3 | 200.0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Iran | 6.2 | N/A | N/A | N/A | 0% |
| Brazil | N/A | N/A | 11.2 | N/A | 0% |
| Bahrain | N/A | 62.5 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 6.3 | 62.7 | 11.6 | 0.3 | -63.8% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to India in 2022:
- Sweden (237.2 tons)
- United States (206.5 tons)
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This report provides an in-depth analysis of the iron ore market in India.
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This report provides an in-depth analysis of the roasted iron pyrites market in India.
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This report provides an in-depth analysis of the global iron ore market.
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In November 2022, the world iron ore price was $41.5 per ton (FOB, India), down 1.7% compared to the previous month.
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In November 2022, the world iron ore price was $41.5 per ton (FOB, India), down 1.7% compared to the previous month.
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In September 2022, the iron ore price amounted to $34.0 per ton (FOB, India), dropping by -31.5% against the previous month.
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