Price for Iron Ore and Concentrate, Non-Agglomerated in Uganda - 2022
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Uganda (FOB) - 2022
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Uganda
Price for Iron Ore and Concentrate, Non-Agglomerated in Uganda (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $29 per ton, shrinking by -43.5% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2019 when the average export price increased by 45%. Over the period under review, the average export prices attained the maximum at $84 per ton in 2020; however, from 2021 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 Kenya.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to -6.2% per year.
Exports of Iron Ore and Concentrate, Non-Agglomerated in Uganda
In 2022, approx. 42K tons of iron ores and concentrates, non-agglomerated were exported from Uganda; growing by 21% compared with 2021 figures. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 57%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, iron ore and concentrate, non-agglomerated exports declined significantly to $1.2M in 2022. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 129%. As a result, the exports attained the peak of $2.3M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Uganda (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 1.0 | 2.3 | 1.7 | 1.2 | 6.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 2.3 | 1.7 | 1.2 | 6.3% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Uganda in 2022:
- Kenya (41.6K tons)
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