Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $79 per ton, falling by -37.7% against the previous year. Overall, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of 60%. Over the period under review, the average export prices attained the maximum at $127 per ton in 2021, and then declined rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.0% per year.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $58 per ton in 2022, declining by -7.1% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 106% against the previous year. The import price peaked at $186 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($473 per ton), while the price for the United States ($41 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+27.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico
In 2022, after three years of growth, there was significant decline in overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), when their volume decreased by -53.8% to 157K tons. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year. As a result, the exports reached the peak of 339K tons, and then dropped dramatically in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) contracted remarkably to $12M in 2022. In general, exports, however, posted strong growth. The growth pace was the most rapid in 2021 when exports increased by 176%. As a result, the exports reached the peak of $43M, and then dropped significantly in the following year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.6 | 0.8 | 12.8 | 4.8 | 100.0% |
| China | N/A | 9.1 | 11.2 | N/A | 23.1% |
| France | 2.5 | 1.6 | 2.6 | N/A | 2.0% |
| Poland | 0.6 | 0.8 | N/A | N/A | 33.3% |
| South Africa | 1.9 | N/A | N/A | N/A | 0% |
| Others | 3.7 | 3.3 | 16.3 | 7.5 | 26.6% |
| Total | 9.3 | 15.5 | 42.9 | 12.3 | 9.8% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Mexico in 2022:
- Germany (31.0K tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico
After three years of growth, purchases abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -85.3% to 81K tons in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 363% against the previous year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) fell sharply to $4.7M in 2022. In general, imports, however, recorded modest growth. The most prominent rate of growth was recorded in 2020 with an increase of 336%.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | 1.0 | 3.3 | 230.0% |
| United States | 4.5 | 19.5 | 33.5 | 1.4 | -32.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 19.5 | 34.5 | 4.7 | 1.5% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Mexico in 2022:
- Canada (47.0K tons)
- United States (33.6K tons)
932
This report provides an in-depth analysis of the iron ore market in Mexico.
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This report provides an in-depth analysis of the iron ore market in Mexico.
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This report provides an in-depth analysis of the roasted iron pyrites market in Mexico.
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This report provides an in-depth analysis of the global iron ore market.
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This report provides an in-depth analysis of the global roasted iron pyrites market.
932
This report provides an in-depth analysis of the iron ore market in Mexico.
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This report provides an in-depth analysis of the iron ore market in Mexico.
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This report provides an in-depth analysis of the roasted iron pyrites market in Mexico.
2296
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.
792
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
