Price for Iron Ore and Concentrate, Non-Agglomerated in the Czech Republic - 2023

Contents:

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

Price for Iron Ore and Concentrate, Non-Agglomerated in the Czech Republic (CIF) - 2023

The average import price for iron ores and concentrates, non-agglomerated stood at $147 per ton in June 2023, shrinking by -7.8% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 18% month-to-month. The import price peaked at $174 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($181 per ton), while the price for Ukraine amounted to $146 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ukraine (-0.2%).

Price for Iron Ore and Concentrate, Non-Agglomerated in the Czech Republic (FOB) - 2022

The average export price for iron ores and concentrates, non-agglomerated stood at $323 per ton in 2022, waning by -23% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 87%. Over the period under review, the average export prices attained the maximum at $1,021 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +14.2% per year.

Imports of Iron Ore and Concentrate, Non-Agglomerated in the Czech Republic

In 2022, imports of iron ores and concentrates, non-agglomerated into the Czech Republic dropped notably to 4.1M tons, shrinking by -23.9% on the year before. Over the period under review, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, imports attained the peak of 5.4M tons, and then reduced sharply in the following year.

In value terms, iron ore and concentrate, non-agglomerated imports shrank sharply to $643M in 2022. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $928M, and then shrank sharply in the following year.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to the Czech Republic in 2022:

1. Ukraine (3597.2K tons)
2. Russia (211.8K tons)
3. Brazil (121.2K tons)
4. Australia (80.5K tons)

Exports of Iron Ore and Concentrate, Non-Agglomerated in the Czech Republic

In 2022, shipments abroad of iron ores and concentrates, non-agglomerated was finally on the rise to reach 9.2 tons after two years of decline. In general, exports, however, showed a dramatic decrease.

In value terms, iron ore and concentrate, non-agglomerated exports surged to $3K in 2022. Overall, exports, however, continue to indicate a precipitous descent.

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

1. Germany (9.1 tons)

Source: IndexBox Market Intelligence Platform