Price for Iron Ore and Concentrate, Non-Agglomerated in Turkey - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Turkey (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Turkey (FOB) - 2023
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Turkey
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Turkey
Price for Iron Ore and Concentrate, Non-Agglomerated in Turkey (CIF) - 2022
The average import price for iron ores and concentrates, non-agglomerated stood at $120 per ton in 2022, which is down by -22.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 67% against the previous year. As a result, import price reached the peak level of $155 per ton, and then shrank notably in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($129 per ton), while the price for Brazil ($117 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+14.4%), while the prices for the other major suppliers experienced a decline.
Price for Iron Ore and Concentrate, Non-Agglomerated in Turkey (FOB) - 2023
The average export price for iron ores and concentrates, non-agglomerated stood at $82.6 per ton in July 2023, shrinking by -13.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average export price increased by 25% m-o-m. Over the period under review, the average export prices attained the maximum at $98.4 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Algeria ($92.0 per ton), while the average price for exports to Iraq ($15.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Turkey
In 2022, iron ore and concentrate, non-agglomerated imports into Turkey reduced to 5.7M tons, which is down by -14.4% against the previous year. Over the period under review, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 6.7M tons, and then shrank in the following year.
In value terms, iron ore and concentrate, non-agglomerated imports fell remarkably to $687M in 2022. In general, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 103%. As a result, imports reached the peak of $1B, and then declined dramatically in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 465 | 464 | 892 | 489 | 1.7% |
| South Africa | 19.6 | 33.4 | 119 | 177 | 108.2% |
| Mali | N/A | 2.2 | 22.1 | 15.0 | 161.1% |
| Others | 32.8 | 11.5 | 3.0 | 6.2 | -42.6% |
| Total | 518 | 511 | 1,036 | 687 | 9.9% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Turkey in 2022:
- Brazil (4.2M tons)
- South Africa (1.4M tons)
- Mali (0.1M tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Turkey
In 2022, after three years of growth, there was significant decline in shipments abroad of iron ores and concentrates, non-agglomerated, when their volume decreased by -14.8% to 2.7M tons. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. As a result, the exports reached the peak of 3.2M tons, and then contracted in the following year.
In value terms, iron ore and concentrate, non-agglomerated exports contracted rapidly to $262M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 118%. As a result, the exports attained the peak of $391M, and then contracted dramatically in the following year.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.3 | 72.2 | 203 | 85.8 | 64.4% |
| Romania | 35.3 | 65.0 | 89.1 | 79.1 | 30.9% |
| Algeria | 32.4 | 36.2 | 39.4 | 52.1 | 17.2% |
| France | 0.4 | 0.4 | 9.4 | 22.4 | 282.6% |
| Serbia | 5.7 | 2.7 | 36.7 | 8.3 | 13.3% |
| Vietnam | N/A | N/A | N/A | 6.5 | 0% |
| Iraq | 0.7 | 0.9 | 2.3 | 0.7 | 0.0% |
| Others | 7.8 | 1.9 | 11.1 | 7.3 | -2.2% |
| Total | 102 | 179 | 391 | 262 | 37.0% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Turkey in 2022:
- China (920.3K tons)
- Romania (776.2K tons)
- Algeria (448.1K tons)
- France (217.8K tons)
- Vietnam (110.2K tons)
- Serbia (92.4K tons)
- Iraq (59.9K tons)
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