Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $183 per ton in 2022, falling by -9.3% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by +132.0% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. As a result, import price reached the peak level of $202 per ton, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ukraine ($183 per ton) and Brazil ($183 per ton), while the price for China ($183 per ton) and Egypt ($183 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+93.2%), 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 Vietnam (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $120 per ton in 2022, surging by 2.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 3.3% against the previous year. The export price peaked at $129 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 +2.8% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam
In 2022, overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -11.9% to 1.4M tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,116%.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) contracted notably to $265M in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 961% against the previous year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 2.6 | 32.9 | 103 | 93.4 | 230.0% |
| China | 0.1 | 2.4 | 64.6 | 85.5 | 849.1% |
| Brazil | 3.9 | 14.5 | 57.0 | 73.5 | 166.1% |
| Egypt | N/A | 5.5 | 20.4 | 12.4 | 50.2% |
| Russia | 1.2 | 17.7 | 44.8 | N/A | 511.0% |
| Turkey | N/A | N/A | 6.5 | N/A | 0% |
| United Arab Emirates | N/A | 12.9 | 7.0 | N/A | -45.7% |
| South Africa | 0.5 | 3.8 | 8.2 | N/A | 305.0% |
| Others | 0.9 | 8.8 | 19.5 | N/A | 365.5% |
| Total | 9.3 | 98.5 | 331 | 265 | 205.4% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Vietnam in 2022:
- Ukraine (510.1K tons)
- China (466.5K tons)
- Brazil (401.2K tons)
- Egypt (67.8K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam
Exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Vietnam contracted to 319 tons in 2022, declining by -2.3% on 2021. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 18,501%. As a result, the exports reached the peak of 327 tons, and then contracted in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) totaled $38K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 18,942% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.8 | 0.2 | 38.3 | 38.5 | 44.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.8 | 0.2 | 38.3 | 38.5 | 44.4% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Vietnam in 2022:
- China (319.5 tons)
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