Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Ethiopia - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Ethiopia (CIF) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Ethiopia
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Ethiopia (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $890 per ton, reducing by -36% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 127% against the previous year. The import price peaked at $1,924 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, 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 +7.2% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Ethiopia
In 2022, approx. 50 tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Ethiopia; picking up by 57% compared with the previous year. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 101% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) totaled $45K in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 204%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 26.7 | 44.6 | 44.8 | 95.5% |
| India | 2.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.8 | 26.7 | 44.6 | 44.8 | 72.0% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Ethiopia in 2022:
- China (50.4 tons)
214
This report provides an in-depth analysis of the iron ore market in Ethiopia.
72
This report provides an in-depth analysis of the roasted iron pyrites market in Ethiopia.
2183
This report provides an in-depth analysis of the global iron ore market.
1245
This report provides an in-depth analysis of the global iron ore market.
595
This report provides an in-depth analysis of the global roasted iron pyrites market.
214
This report provides an in-depth analysis of the iron ore market in Ethiopia.
72
This report provides an in-depth analysis of the roasted iron pyrites market in Ethiopia.
2183
This report provides an in-depth analysis of the global iron ore market.
1245
This report provides an in-depth analysis of the global iron ore market.
595
This report provides an in-depth analysis of the global roasted iron pyrites market.
612
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612
Explore the top import markets for iron ore, including China, Japan, South Korea, and more. Learn about the key statistics and import values of these countries. Discover valuable insights using the IndexBox market intelligence platform.
762
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
