Price for Iron Ore and Concentrate, Non-Agglomerated in Saudi Arabia - 2021
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Saudi Arabia (FOB) - 2022
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Saudi Arabia
Price for Iron Ore and Concentrate, Non-Agglomerated in Saudi Arabia (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $95 per ton, with a decrease of -23% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 29%. The export price peaked at $123 per ton in 2021, and then contracted dramatically in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($102 per ton), while the average price for exports to the UK ($94 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 Jordan (+229.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Iron Ore and Concentrate, Non-Agglomerated in Saudi Arabia
In 2022, the amount of iron ores and concentrates, non-agglomerated exported from Saudi Arabia amounted to 177K tons, growing by 9% against the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, iron ore and concentrate, non-agglomerated exports contracted sharply to $17M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 90%.
Export of Iron Ore and Concentrate, Non-Agglomerated in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 5.1 | 11.1 | 18.9 | 14.5 | 41.7% |
Jordan | N/A | N/A | 0.4 | 1.7 | 325.0% |
China | 0.1 | 0.3 | 0.6 | 0.5 | 71.0% |
Netherlands | 1.9 | 2.1 | N/A | N/A | 10.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 7.1 | 13.5 | 19.9 | 16.7 | 33.0% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Saudi Arabia in 2022:
- United Kingdom (154.7K tons)
- Jordan (16.3K tons)
- China (5.6K tons)
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