Price for Iron Ore and Concentrate, Non-Agglomerated in Algeria - 2022

Price for Iron Ore and Concentrate, Non-Agglomerated in Algeria (CIF) - 2022

The average import price for iron ores and concentrates, non-agglomerated stood at $116 per ton in 2022, which is down by -19.8% against the previous year. Overall, the import price recorded a slight slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $225 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($144 per ton), while the price for Sweden ($83 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+1.2%), while the prices for the other major suppliers experienced a decline.

Price for Iron Ore and Concentrate, Non-Agglomerated in Algeria (FOB) - 2022

The average export price for iron ores and concentrates, non-agglomerated stood at $811 per ton in 2022, which is down by -23.7% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23% against the previous year. The export price peaked at $1,682 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($11,000 per ton), while the average price for exports to China ($800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Ore and Concentrate, Non-Agglomerated in Algeria

For the fourth consecutive year, Algeria recorded growth in overseas purchases of iron ores and concentrates, non-agglomerated, which increased by 758% to 2.4M tons in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated imports surged to $279M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Iron Ore and Concentrate, Non-Agglomerated in Algeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	3.2	8.0	28.1	125	239.3%
Brazil	0.4	4.9	10.2	72.3	465.4%
Chile	1.6	1.7	2.1	60.5	235.6%
Sweden	0.2	N/A	N/A	9.5	262.2%
Others	0.4	0.9	0.1	10.9	200.9%
Total	5.9	15.4	40.5	279	261.6%

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Algeria in 2022:

Ukraine (1026.8K tons)
Chile (636.2K tons)
Brazil (502.4K tons)
Sweden (115.4K tons)

Exports of Iron Ore and Concentrate, Non-Agglomerated in Algeria

In 2022, the amount of iron ores and concentrates, non-agglomerated exported from Algeria soared to 1.7 tons, growing by 84% against the previous year. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated exports soared to $1.4K in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.