Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia (CIF) - 2023
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia (CIF) - 2023
In October 2023, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $132 per ton, rising by 3% against the previous month. Overall, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in April 2023 an increase of 11% m-o-m. The import price peaked at $188 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a 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 India amounted to +0.6% per month.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $84 per ton in 2022, reducing by -15.1% against the previous year. Overall, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 81% against the previous year. As a result, the export price reached the peak level of $351 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Czech Republic.
From 2013 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to -4.1% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia
For the fourth year in a row, Slovakia recorded growth in overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which increased by 4.2% to 3.8M tons in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank slightly to $651M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 179%. As a result, imports reached the peak of $685M, and then declined slightly in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 113 | 12.5 | 317 | 467 | 60.5% |
| India | N/A | N/A | N/A | 74.8 | 0% |
| Russia | 81.5 | 136 | 310 | 68.5 | -5.6% |
| United States | 65.3 | 97.0 | 51.2 | 41.0 | -14.4% |
| Others | N/A | N/A | 7.0 | N/A | 0% |
| Total | 259 | 245 | 685 | 651 | 36.0% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Slovakia in 2022:
- Ukraine (2596.6K tons)
- United States (492.6K tons)
- Russia (420.3K tons)
- India (259.3K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia
In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) exported from Slovakia expanded rapidly to 24K tons, with an increase of 9.9% against the year before. The total export volume increased at an average annual rate of +9.9% from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined to $2M in 2022. In general, exports, however, saw a abrupt downturn.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Czech Republic | 2.2 | 2.0 | -9.1% | ||
| Others | N/A | N/A | 0% | ||
| Total | 2.2 | 2.0 | -9.1% | ||
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Slovakia in 2022:
- Czech Republic (24.1K tons)
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