Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland (CIF) - 2023
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland (CIF) - 2023
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $146 per ton in October 2023, rising by 12% against the previous month. Over the period under review, import price indicated a slight expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by +13.8% against July 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 21% m-o-m. The import price peaked at $182 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From October 2022 to October 2023, the rate of growth in terms of prices for Ukraine amounted to +1.4% per month.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $410 per ton in 2022, approximately mirroring the previous year. Overall, the export price saw a resilient increase. The growth pace was the most rapid in 2017 an increase of 140% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to +0.8% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland
In 2022, approx. 790K tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Poland; rising by 29% against 2021 figures. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, imports reached the peak of 916K 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) expanded modestly to $111M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of $113M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 65.6 | 88.0 | 52.7 | 65.4 | -0.1% |
| Russia | N/A | 16.4 | 48.7 | 29.0 | 33.0% |
| India | N/A | N/A | N/A | 15.3 | 0% |
| Germany | N/A | N/A | 7.3 | N/A | 0% |
| Sweden | N/A | 4.9 | N/A | N/A | 0% |
| Mexico | 3.9 | 3.9 | N/A | N/A | 0.0% |
| Others | N/A | N/A | N/A | 1.2 | 0% |
| Total | 69.5 | 113 | 109 | 111 | 16.9% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Poland in 2022:
- Ukraine (510.6K tons)
- Russia (191.6K tons)
- India (80.2K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland
In 2022, overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by 0% to 39 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a dramatic slump. The smallest decline of 99.9% was in 2020.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $16 in 2022. In general, exports faced a precipitous contraction. The smallest decline of 99.9% was in 2020.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 626 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Others | 5.0 | N/A | N/A | N/A | 0% |
| Total | 631 | N/A | N/A | N/A | 0% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Poland in 2022:
- United Kingdom (39.0 kg)
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