Price for Iron Ore and Concentrate, Non-Agglomerated in Qatar - 2022
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Qatar (CIF) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Qatar
Price for Iron Ore and Concentrate, Non-Agglomerated in Qatar (CIF) - 2022
In November 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $43.1 per ton, approximately reflecting the previous month. Overall, the import price saw a dramatic descent. As a result, import price reached the peak level of $792 per ton. From April 2022 to November 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($46.0 per ton), while the price for Oman totaled $23.0 per ton.
From March 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Oman (0.0%).
Imports of Iron Ore and Concentrate, Non-Agglomerated in Qatar
For the third consecutive year, Qatar recorded decline in purchases abroad of iron ores and concentrates, non-agglomerated, which decreased by 0% to 13K tons in 2022. In general, imports continue to indicate a significant contraction. The smallest decline of -99.3% was in 2020.
In value terms, iron ore and concentrate, non-agglomerated imports surged to $47K in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage.
Import of Iron Ore and Concentrate, Non-Agglomerated in Qatar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | N/A | N/A | N/A | 46.2 | 0% |
Iran | 808 | N/A | N/A | N/A | 0% |
Others | 17.8 | 94.3 | 0.2 | 1.1 | -60.5% |
Total | 826 | 94.3 | 0.2 | 47.2 | -61.5% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Qatar in 2022:
- India (13.3K tons)
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Over the period examined, Iron Ore imports reached a peak of 5.2M tons in 2017, but from 2018 to 2023, failed to pick up momentum. In terms of value, Iron Ore imports rose to $442M by 2023.
In April 2023, the iron ore price stood at $176 per ton (CIF, Qatar), flattening at the previous month.
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Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
Over the period examined, Iron Ore imports reached a peak of 5.2M tons in 2017, but from 2018 to 2023, failed to pick up momentum. In terms of value, Iron Ore imports rose to $442M by 2023.
In April 2023, the iron ore price stood at $176 per ton (CIF, Qatar), flattening at the previous month.
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