Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $191 per ton in 2022, which is down by -13.3% against the previous year. Overall, the import price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 78%. As a result, import price attained the peak level of $220 per ton, and then shrank 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 India ($255 per ton), while the price for Russia ($155 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $76 per ton in 2022, rising by 35% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 577% against the previous year. As a result, the export price attained the peak level of $126 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.1% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey
After three years of growth, supplies from abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -20.1% to 3.7M tons in 2022. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 5%. As a result, imports attained the peak of 4.6M tons, and then fell sharply in the following year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank dramatically to $699M in 2022. Overall, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 87%. As a result, imports attained the peak of $1B, and then fell remarkably in the following year.
Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 178 | 250 | 335 | 314 | 20.8% |
India | 64.1 | N/A | N/A | 111 | 20.1% |
Ukraine | 68.7 | 82.6 | 269 | 103 | 14.5% |
Russia | 82.4 | 140 | 258 | 85.6 | 1.3% |
Uzbekistan | N/A | N/A | N/A | 43.4 | 0% |
Finland | N/A | N/A | 133 | 24.7 | -81.4% |
Australia | N/A | N/A | N/A | 17.1 | 0% |
Canada | 147 | 23.2 | N/A | N/A | -84.2% |
Others | 43.6 | 43.7 | 14.1 | N/A | -43.1% |
Total | 584 | 540 | 1,010 | 699 | 6.2% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Turkey in 2022:
- Sweden (1649.2K tons)
- Ukraine (585.2K tons)
- Russia (552.6K tons)
- India (435.2K tons)
- Uzbekistan (223.5K tons)
- Finland (141.7K tons)
- Australia (82.5K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey
After three years of growth, overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -86.1% to 41K tons in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,140%.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) fell notably to $3.2M in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 988%.
Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.0 | 11.0 | 12.0 | 3.1 | 45.8% |
Vietnam | N/A | N/A | 4.3 | N/A | 0% |
Others | N/A | N/A | 0.5 | 0.1 | -80.0% |
Total | 1.0 | 11.0 | 16.8 | 3.2 | 47.4% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Turkey in 2022:
- China (41.2K tons)
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the roasted iron pyrites market in Turkey.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global roasted iron pyrites market.
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the iron ore market in Turkey.
This report provides an in-depth analysis of the roasted iron pyrites market in Turkey.
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.
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.