Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan (CIF) - 2023
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan (CIF) - 2023
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $178 per ton in November 2023, picking up by 3.1% against the previous month. Overall, the import price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in June 2023 when the average import price increased by 11% against the previous month. Over the period under review, average import prices hit record highs at $230 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Canada ($188 per ton), while the price for Brazil amounted to $177 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Chile (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $1,543 per ton, growing by 2.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,622 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($6,940 per ton), while the average price for exports to Bolivia ($193 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 Malaysia (+41.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan
In 2022, approx. 7.4M tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Japan; with a decrease of -22.9% against the previous year's figure. Over the period under review, imports faced a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 12%.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank dramatically to $1.5B in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of $1.9B, and then reduced rapidly in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 928 | 652 | 1,155 | 1,066 | 4.7% |
| United States | 241 | 171 | 252 | 208 | -4.8% |
| Canada | 323 | 174 | 235 | 158 | -21.2% |
| Ukraine | 176 | 42.4 | 200 | 72.5 | -25.6% |
| China | 150 | 58.3 | N/A | N/A | -61.1% |
| Others | 13.1 | 55.6 | 87.6 | 18.9 | 13.0% |
| Total | 1,831 | 1,153 | 1,929 | 1,524 | -5.9% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Japan in 2022:
- Brazil (5.2M tons)
- United States (1.0M tons)
- Canada (0.7M tons)
- Ukraine (0.4M tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan
In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) exported from Japan skyrocketed to 112 tons, with an increase of 102% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 158% against the previous year. Over the period under review, the exports of hit record highs 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) surged to $172K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 154% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 61.3 | 32.8 | 39.9 | 81.5 | 10.0% |
| Chile | N/A | N/A | N/A | 1.5 | 0% |
| Bolivia | N/A | N/A | N/A | 0.2 | 0% |
| Indonesia | 3.5 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 3.5 | N/A | 3.5 | N/A | 0.0% |
| Others | 4.1 | N/A | 39.9 | 89.2 | 179.2% |
| Total | 72.4 | 32.9 | 83.4 | 172 | 33.4% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Japan in 2022:
- Thailand (54.5 tons)
- Bolivia (1.2 tons)
- Chile (1.0 tons)
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