Price for Iron Ore and Concentrate, Non-Agglomerated in Vietnam - 2021
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Vietnam (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Vietnam (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Vietnam
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Vietnam
Price for Iron Ore and Concentrate, Non-Agglomerated in Vietnam (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $93 per ton, shrinking by -10.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 41% against the previous year. The import price peaked at $105 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lao People's Democratic Republic ($93 per ton) and Australia ($93 per ton), while the price for Ukraine ($79 per ton) and Brazil ($93 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.9%).
Price for Iron Ore and Concentrate, Non-Agglomerated in Vietnam (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $70 per ton, reducing by -23% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2020 an increase of 33%. Over the period under review, the average export prices reached the maximum at $92 per ton in 2012; however, from 2013 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 China amounted to -2.7% per year.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Vietnam
In 2022, overseas purchases of iron ores and concentrates, non-agglomerated decreased by -98.7% to 230K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year.
In value terms, iron ore and concentrate, non-agglomerated imports fell markedly to $21M in 2022. In general, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 120%.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 304 | 768 | 1,030 | 12.2 | -65.8% |
| Brazil | 241 | 483 | 627 | 7.4 | -68.7% |
| South Africa | 3.6 | 86.1 | 96.8 | 1.1 | -32.6% |
| Ukraine | 29.6 | 17.6 | 24.5 | 0.3 | -78.4% |
| Lao People's Democratic Republic | 0.7 | 7.2 | 27.9 | 0.3 | -24.6% |
| Russia | 50.9 | N/A | N/A | N/A | 0% |
| Others | 3.1 | 26.7 | 14.7 | N/A | 117.8% |
| Total | 633 | 1,389 | 1,821 | 21.4 | -67.7% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Vietnam in 2022:
- Australia (130.7K tons)
- Brazil (79.6K tons)
- South Africa (12.3K tons)
- Ukraine (3.7K tons)
- Lao People's Democratic Republic (3.5K tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Vietnam
In 2022, iron ore and concentrate, non-agglomerated exports from Vietnam dropped markedly to 242K tons, reducing by -26.9% compared with the previous year. In general, exports saw a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by 597%.
In value terms, iron ore and concentrate, non-agglomerated exports contracted remarkably to $17M in 2022. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 693% against the previous year.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.1 | 3.8 | 24.6 | 16.9 | -30.4% |
| Others | N/A | N/A | 5.5 | N/A | 0% |
| Total | 50.1 | 3.8 | 30.0 | 16.9 | -30.4% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Vietnam in 2022:
- China (242.1K tons)
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