Price for Iron Ore and Concentrate, Non-Agglomerated in Ukraine - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Ukraine (FOB) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Ukraine (CIF) - 2022
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Ukraine
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Ukraine
Price for Iron Ore and Concentrate, Non-Agglomerated in Ukraine (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $101 per ton, waning by -23.3% against the previous year. Over the period under review, the export price, however, saw a tangible increase. The pace of growth appeared the most rapid in 2021 an increase of 60% against the previous year. As a result, the export price attained the peak level of $132 per ton, and then fell rapidly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($137 per ton), while the average price for exports to Austria ($71 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Non-Agglomerated in Ukraine (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $636 per ton, jumping by 624% against the previous year. Overall, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2019 an increase of 684%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($947 per ton), while the price for the UK ($514 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron Ore and Concentrate, Non-Agglomerated in Ukraine
In 2022, overseas shipments of iron ores and concentrates, non-agglomerated decreased by -51.4% to 14M tons, falling for the second consecutive year after two years of growth. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 24% against the previous year. As a result, the exports attained the peak of 31M tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron ore and concentrate, non-agglomerated exports dropped sharply to $1.4B in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, the exports reached the peak of $3.9B, and then fell significantly in the following year.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 352 | 294 | 461 | 403 | 4.6% |
| Czech Republic | 285 | 246 | 525 | 384 | 10.4% |
| China | 727 | 1,640 | 2,183 | 318 | -24.1% |
| Slovakia | 152 | 78.7 | 169 | 126 | -6.1% |
| Romania | 58.6 | 77.4 | 119 | 78.5 | 10.2% |
| Hungary | 37.8 | 32.8 | 52.8 | 50.6 | 10.2% |
| Algeria | 51.4 | 71.6 | 206 | 38.4 | -9.3% |
| Serbia | 47.0 | 26.0 | 45.9 | 27.3 | -16.6% |
| Others | 63.1 | 75.4 | 92.9 | 10.1 | -45.7% |
| Total | 1,774 | 2,542 | 3,853 | 1,436 | -6.8% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Ukraine in 2022:
- China (4.0M tons)
- Czech Republic (3.6M tons)
- Poland (3.6M tons)
- Slovakia (1.1M tons)
- Romania (0.6M tons)
- Hungary (0.5M tons)
- Algeria (0.4M tons)
- Serbia (0.3M tons)
Imports of Iron Ore and Concentrate, Non-Agglomerated in Ukraine
In 2022, after three years of growth, there was significant decline in overseas purchases of iron ores and concentrates, non-agglomerated, when their volume decreased by -91.4% to 100 tons. Over the period under review, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 412%. As a result, imports reached the peak of 1.2K tons, and then dropped remarkably in the following year.
In value terms, iron ore and concentrate, non-agglomerated imports shrank notably to $64K in 2022. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 47%.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | N/A | N/A | 23.8 | 0% |
| Netherlands | 83.9 | 55.3 | 38.7 | 18.2 | -39.9% |
| United Kingdom | 33.3 | N/A | 11.3 | 11.3 | -30.2% |
| Italy | N/A | N/A | N/A | 10.3 | 0% |
| Sweden | N/A | 10.4 | N/A | N/A | 0% |
| Egypt | N/A | N/A | 41.8 | N/A | 0% |
| Others | 4.1 | 4.1 | 10.5 | 0.3 | -58.2% |
| Total | 121 | 69.8 | 102 | 63.8 | -19.2% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Ukraine in 2022:
- Norway (44.0 tons)
- United Kingdom (22.0 tons)
- Netherlands (19.2 tons)
- Italy (15.1 tons)
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