Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $157 per ton in 2022, declining by -24.7% against the previous year. Overall, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 54%. The import price peaked at $274 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 South Africa ($296 per ton), while the price for Egypt ($117 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $88 per ton, jumping by 164% against the previous year. Overall, the export price showed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($94 per ton), while the average price for exports to China stood at $88 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia
After three years of growth, supplies from abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -35% to 633K tons in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 181%. As a result, imports reached the peak of 974K tons, and then fell significantly in the following year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) fell markedly to $99M in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 335% against the previous year. As a result, imports attained the peak of $203M, and then reduced dramatically in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.4 | 25.8 | 149 | 61.3 | 70.4% |
| China | 0.1 | 2.0 | N/A | 9.3 | 353.1% |
| Oman | N/A | N/A | 8.3 | 8.5 | 2.4% |
| United Arab Emirates | 1.2 | 3.8 | 8.9 | 8.1 | 89.0% |
| Qatar | 1.4 | 2.2 | 3.9 | 5.8 | 60.6% |
| Egypt | N/A | N/A | 7.6 | 3.1 | -59.2% |
| Malaysia | N/A | N/A | 0.2 | 2.9 | 1350.0% |
| Chile | 9.3 | 12.0 | 16.5 | N/A | 33.2% |
| Libya | N/A | N/A | 8.3 | N/A | 0% |
| Others | 0.9 | 0.8 | 0.7 | 0.3 | -30.7% |
| Total | 25.4 | 46.6 | 203 | 99.2 | 57.5% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Indonesia in 2022:
- India (360.8K tons)
- China (66.4K tons)
- United Arab Emirates (63.4K tons)
- Oman (55.0K tons)
- Qatar (40.3K tons)
- Egypt (26.4K tons)
- Malaysia (19.6K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia
In 2022, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Indonesia shrank dramatically to 607K tons, with a decrease of -61.9% compared with 2021. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,813% against the previous year. As a result, the exports attained the peak of 1.6M tons, and then fell dramatically in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $54M in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,734% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 2.4 | 43.4 | 47.2 | 169.9% |
| Vietnam | N/A | 0.1 | 2.2 | 6.4 | 700.0% |
| Australia | 0.5 | 0.4 | 5.9 | N/A | 243.5% |
| Others | 0.1 | N/A | 1.8 | N/A | 324.3% |
| Total | 3.0 | 2.9 | 53.3 | 53.6 | 161.4% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Indonesia in 2022:
- China (538.9K tons)
- Vietnam (67.9K tons)
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This report provides an in-depth analysis of the iron ore market in Indonesia.
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This report provides an in-depth analysis of the iron ore market in Indonesia.
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This report provides an in-depth analysis of the roasted iron pyrites market in Indonesia.
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This report provides an in-depth analysis of the global iron ore market.
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