Price for Iron Ore and Concentrate, Non-Agglomerated in Poland - 2023

Contents:

  1. Price for Iron Ore and Concentrate, Non-Agglomerated in Poland (CIF) - 2023
  2. Price for Iron Ore and Concentrate, Non-Agglomerated in Poland (FOB) - 2022
  3. Imports of Iron Ore and Concentrate, Non-Agglomerated in Poland
  4. Exports of Iron Ore and Concentrate, Non-Agglomerated in Poland

Price for Iron Ore and Concentrate, Non-Agglomerated in Poland (CIF) - 2023

The average import price for iron ores and concentrates, non-agglomerated stood at $104 per ton in June 2023, standing approximately at the previous month. In general, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in January 2023 an increase of 32% month-to-month. Over the period under review, average import prices reached the peak figure at $132 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($207 per ton), while the price for Luxembourg ($75.0 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $137 per ton, reducing by -23% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 when the average export price increased by 85% against the previous year. As a result, the export price attained the peak level of $444 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($455 per ton), while the average price for exports to Germany ($128 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 Russia (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, iron ore and concentrate, non-agglomerated imports into Poland reduced sharply to 3.9M tons, which is down by -20.9% compared with the previous year. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 16%.

In value terms, iron ore and concentrate, non-agglomerated imports shrank dramatically to $481M in 2022. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of $717M, and then dropped remarkably in the following year.

Import of Iron Ore and Concentrate, Non-Agglomerated in Poland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ukraine395317528371-2.1%
Liberia24.452.981.046.423.9%
Mauritania24.219.821.738.817.0%
South Africa37.17.875.38.6-38.6%
Brazil16.6N/A9.25.2-32.1%
Others2.72.11.411.863.5%
Total500400717481-1.3%

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

  1. Ukraine (3010.6K tons)
  2. Liberia (492.4K tons)
  3. Mauritania (254.5K tons)
  4. South Africa (51.6K tons)
  5. Brazil (44.4K tons)

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

In 2022, approx. 4.7 tons of iron ores and concentrates, non-agglomerated were exported from Poland; which is down by -23.7% on the previous year's figure. Overall, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 667%.

In value terms, iron ore and concentrate, non-agglomerated exports shrank markedly to $640 in 2022. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 471% against the previous year.

Export of Iron Ore and Concentrate, Non-Agglomerated in Poland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A0.40%
Czech RepublicN/AN/AN/A0.20%
Russia6.70.2N/AN/A-97.0%
TurkeyN/AN/A1.1N/A0%
Ukraine28.8N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total35.50.21.10.6-74.3%

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Poland in 2022:

  1. Russia (undefined tons)
  2. Germany (3.3 tons)
  3. Czech Republic (1.4 tons)

Source: IndexBox Market Intelligence Platform

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