Price for Iron Ore and Concentrate, Non-Agglomerated in Italy - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Italy (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Italy (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Italy
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Italy
Price for Iron Ore and Concentrate, Non-Agglomerated in Italy (CIF) - 2022
The average import price for iron ores and concentrates, non-agglomerated stood at $135 per ton in 2022, which is down by -21.6% against the previous year. Over the period under review, the import price, however, showed a modest increase. The pace of growth appeared the most rapid in 2021 an increase of 72% against the previous year. As a result, import price attained the peak level of $172 per ton, and then contracted markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($188 per ton), while the price for Liberia ($46 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Non-Agglomerated in Italy (FOB) - 2022
The average export price for iron ores and concentrates, non-agglomerated stood at $240 per ton in 2022, shrinking by -31.7% against the previous year. In general, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of 640% against the previous year. Over the period under review, the average export prices hit record highs at $801 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to -13.7% per year.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Italy
In 2022, iron ore and concentrate, non-agglomerated imports into Italy dropped dramatically to 3.6M tons, declining by -23.8% on 2021 figures. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 16%.
In value terms, iron ore and concentrate, non-agglomerated imports dropped dramatically to $483M in 2022. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 99.9%. As a result, imports attained the peak of $809M, and then shrank remarkably in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 247 | 203 | 387 | 231 | -2.2% |
| Mauritania | 99.1 | 116 | 186 | 111 | 3.9% |
| South Africa | 135 | 37.5 | 175 | 105 | -8.0% |
| Canada | 15.2 | 34.7 | 47.9 | 28.6 | 23.5% |
| Liberia | 7.1 | 12.1 | 12.1 | 7.2 | 0.5% |
| Others | 0.7 | 0.7 | 0.9 | 0.5 | -10.6% |
| Total | 504 | 405 | 809 | 483 | -1.4% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Italy in 2022:
- Brazil (1770.1K tons)
- Mauritania (885.1K tons)
- South Africa (557.3K tons)
- Canada (211.0K tons)
- Liberia (156.8K tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Italy
In 2022, iron ore and concentrate, non-agglomerated exports from Italy surged to 13K tons, growing by 7,258% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 122,704%. As a result, the exports attained the peak of 45K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron ore and concentrate, non-agglomerated exports skyrocketed to $3.1M in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 22,670%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | 0.3 | 0.1 | 3,051 | 3024.7% |
| Germany | N/A | 335 | 10.9 | N/A | -96.7% |
| Austria | N/A | 11.7 | N/A | N/A | 0% |
| Netherlands | N/A | 1,704 | N/A | N/A | 0% |
| Others | 9.3 | 71.8 | 49.6 | N/A | 130.9% |
| Total | 9.3 | 2,123 | 60.7 | 3,051 | 589.7% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Italy in 2022:
- France (12.7K tons)
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