Price for Iron Ore and Concentrate, Non-Agglomerated in Spain - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Spain (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Spain (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Spain
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Spain
Price for Iron Ore and Concentrate, Non-Agglomerated in Spain (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $127 per ton, dropping by -24.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. As a result, import price reached the peak level of $168 per ton, and then dropped sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($136 per ton), while the price for Liberia ($85 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Non-Agglomerated in Spain (FOB) - 2022
The average export price for iron ores and concentrates, non-agglomerated stood at $269 per ton in 2022, rising by 130% against the previous year. In general, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,678% against the previous year. The export price peaked at $1,530 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($328 per ton), while the average price for exports to France totaled $97 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+59.4%), while the prices for the other major destinations experienced a decline.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Spain
In 2022, approx. 3M tons of iron ores and concentrates, non-agglomerated were imported into Spain; waning by -9.3% against the previous year's figure. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year.
In value terms, iron ore and concentrate, non-agglomerated imports fell notably to $386M in 2022. In general, imports, however, showed measured growth. The pace of growth was the most pronounced in 2021 when imports increased by 128% against the previous year. As a result, imports attained the peak of $563M, and then dropped notably in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 203 | 140 | 358 | 155 | -8.6% |
| Canada | 103 | 63.4 | 145 | 136 | 9.7% |
| Mauritania | 15.6 | 3.1 | 29.0 | 44.9 | 42.2% |
| Liberia | 14.3 | 20.9 | 27.6 | 39.0 | 39.7% |
| Others | 5.5 | 19.5 | 3.7 | 12.2 | 30.4% |
| Total | 341 | 247 | 563 | 386 | 4.2% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Spain in 2022:
- Brazil (1133.9K tons)
- Canada (1055.8K tons)
- Liberia (458.6K tons)
- Mauritania (344.3K tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Spain
Iron ore and concentrate, non-agglomerated exports from Spain dropped modestly to 62K tons in 2022, declining by -2.8% against the previous year's figure. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.
In value terms, iron ore and concentrate, non-agglomerated exports soared to $17M in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 161%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.2 | 0.3 | 15.0 | 766.0% |
| France | 4.9 | 2.4 | 7.1 | 1.6 | -31.1% |
| Belgium | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 5.2 | 2.8 | 7.4 | 16.6 | 47.2% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Spain in 2022:
- Germany (45.7K tons)
- France (16.1K tons)
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