Price for Iron Ore and Concentrate, Non-Agglomerated in Malaysia - 2021
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Malaysia (CIF) - 2021
- Price for Iron Ore and Concentrate, Non-Agglomerated in Malaysia (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Malaysia
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Malaysia
Price for Iron Ore and Concentrate, Non-Agglomerated in Malaysia (CIF) - 2021
In December 2021, the average import price for iron ores and concentrates, non-agglomerated amounted to $75.3 per ton, with an increase of 28% against the previous month. Overall, the import price saw a mild expansion. The growth pace was the most rapid in August 2021 when the average import price increased by 278% against the previous month. As a result, import price attained the peak level of $216 per ton. From September 2021 to December 2021, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($120 per ton), while the price for Brazil ($51.0 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Brazil (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Non-Agglomerated in Malaysia (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $44 per ton, dropping by -22.7% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs at $92 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($47 per ton), while the average price for exports to China ($42 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 Switzerland (+0.8%), while the prices for the other major destinations experienced a decline.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Malaysia
In 2022, approx. 19M tons of iron ores and concentrates, non-agglomerated were imported into Malaysia; falling by -13.2% compared with the previous year's figure. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year.
In value terms, iron ore and concentrate, non-agglomerated imports dropped remarkably to $1.1B in 2022. Overall, total imports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 73%. As a result, imports attained the peak of $1.4B, and then contracted markedly in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 777 | 524 | 980 | 804 | 1.1% |
| Australia | 249 | 239 | 247 | 203 | -6.6% |
| India | 37.3 | 33.4 | 68.8 | 56.5 | 14.8% |
| Others | 24.5 | 29.5 | 132 | 63.5 | 37.4% |
| Total | 1,088 | 826 | 1,428 | 1,127 | 1.2% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Malaysia in 2022:
- Brazil (16.4M tons)
- Australia (2.0M tons)
- India (0.3M tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Malaysia
In 2022, the amount of iron ores and concentrates, non-agglomerated exported from Malaysia expanded remarkably to 25M tons, picking up by 11% against the previous year. Overall, exports, however, showed a pronounced slump.
In value terms, iron ore and concentrate, non-agglomerated exports shrank to $1.1B in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, the exports attained the peak of $1.3B, and then fell in the following year.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 712 | 451 | 808 | 710 | -0.1% |
| Vietnam | 117 | 90.4 | 343 | 301 | 37.0% |
| Indonesia | 0.4 | 33.4 | 78.3 | 68.8 | 456.1% |
| Switzerland | 101 | 334 | N/A | N/A | 230.7% |
| Others | 77.1 | N/A | 30.1 | 3.7 | -63.7% |
| Total | 1,008 | 908 | 1,259 | 1,084 | 2.5% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Malaysia in 2022:
- China (16.8M tons)
- Vietnam (6.4M tons)
- Indonesia (1.5M tons)
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