Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $157 per ton in November 2022, declining by -2.6% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 an increase of 23% against the previous month. Over the period under review, average import prices hit record highs at $246 per ton in June 2022; however, from July 2022 to November 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From November 2021 to November 2022, the rate of growth in terms of prices for Russia amounted to +8.0% per month.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $234 per ton in 2022, rising by 33% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 50% against the previous year. The export price peaked at $295 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +21.2% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland
In 2022, after three years of growth, there was significant decline in overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), when their volume decreased by -24% to 2.8M tons. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports attained the peak of 3.6M tons, and then shrank rapidly in the following year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined significantly to $540M in 2022. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 147%. As a result, imports reached the peak of $777M, and then reduced remarkably in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 247 | 227 | 540 | 448 | 22.0% |
| Canada | N/A | N/A | N/A | 52.1 | 0% |
| India | N/A | N/A | N/A | 32.8 | 0% |
| Russia | 94.0 | 88.2 | 237 | 7.0 | -57.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 341 | 315 | 777 | 540 | 16.6% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Finland in 2022:
- Sweden (2446.2K tons)
- Canada (164.3K tons)
- India (109.9K tons)
- Russia (36.6K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland
In 2022, shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by 145% to 45K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a precipitous decrease.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) soared to $10M in 2022. Overall, exports, however, continue to indicate a deep slump.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 12.3 | 2.7 | 3.2 | 10.5 | -5.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.3 | 2.7 | 3.2 | 10.5 | -5.1% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Finland in 2022:
- Sweden (44.7K tons)
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