Price for Iron Ore and Concentrate, Non-Agglomerated in Tanzania - 2022
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Tanzania (FOB) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Tanzania (CIF) - 2022
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Tanzania
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Tanzania
Price for Iron Ore and Concentrate, Non-Agglomerated in Tanzania (FOB) - 2022
The average export price for iron ores and concentrates, non-agglomerated stood at $446 per ton in 2022, with a decrease of -6.7% against the previous year. In general, the export price, however, showed noticeable growth. The growth pace was the most rapid in 2016 when the average export price increased by 187% against the previous year. The export price peaked at $566 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +22.2% per year.
Price for Iron Ore and Concentrate, Non-Agglomerated in Tanzania (CIF) - 2022
The average import price for iron ores and concentrates, non-agglomerated stood at $179 per ton in 2022, picking up by 3.5% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 94%. The import price peaked at $309 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Kenya.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +7.5% per year.
Exports of Iron Ore and Concentrate, Non-Agglomerated in Tanzania
In 2022, shipments abroad of iron ores and concentrates, non-agglomerated decreased by -95.3% to 305 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 63%. As a result, the exports attained the peak of 6.5 tons, and then reduced dramatically in the following year.
In value terms, iron ore and concentrate, non-agglomerated exports contracted dramatically to $136 in 2022. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 270 | 222 | 34.0 | 136 | -20.4% |
| Nigeria | N/A | N/A | 797 | N/A | 0% |
| Canada | 1,118 | 2,021 | 2,232 | N/A | 41.3% |
| Others | N/A | N/A | 35.0 | N/A | 0% |
| Total | 1,388 | 2,243 | 3,098 | 136 | -53.9% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Tanzania in 2022:
- China (305.0 kg)
Imports of Iron Ore and Concentrate, Non-Agglomerated in Tanzania
In 2022, iron ore and concentrate, non-agglomerated imports into Tanzania soared to 281 tons, rising by 440% compared with 2021. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron ore and concentrate, non-agglomerated imports surged to $50K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 5.8 | 6.3 | 7.6 | 41.5 | 92.7% |
| Others | 1.0 | 1.1 | 1.4 | 8.8 | 106.5% |
| Total | 6.8 | 7.5 | 9.0 | 50.4 | 95.0% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Tanzania in 2022:
- Kenya (275.1 tons)
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