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

Contents:

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

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

The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $74 per ton in 2022, declining by -91.8% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 27%. The import price peaked at $907 per ton in 2021, and then dropped notably in the following year.

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 Uganda ($172 per ton), while the price for India stood at $49 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+34.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $203 per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

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

In 2022, approx. 60K tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Kenya; rising by 2,026% compared with 2021 figures. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) skyrocketed to $4.5M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. India (47.9K tons)
2. Uganda (12.3K tons)

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

Exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Kenya shrank dramatically to 4.7 tons in 2021, with a decrease of -20% on the year before. In general, exports recorded a sharp decrease. The smallest decline of -20% was in 2020.

In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank sharply to $950 in 2021. Over the period under review, exports showed a sharp contraction.

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

1. United States (4.3 tons)

Source: IndexBox Market Intelligence Platform