Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates - 2022

Contents:

1. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates (CIF) - 2022
2. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates (FOB) - 2022
3. Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates
4. Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $255 per ton, rising by 14% against the previous year. Overall, the import price enjoyed moderate growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 64% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($267 per ton) and Brazil ($260 per ton), while the price for Ukraine ($221 per ton) and Chile ($236 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates (FOB) - 2022

The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $47 per ton in 2022, falling by -74% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2021 an increase of 51%. As a result, the export price reached the peak level of $181 per ton, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($168 per ton), while the average price for exports to Malaysia totaled $42 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+323.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates

In 2022, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into the United Arab Emirates dropped notably to 4.8M tons, reducing by -19.8% against 2021. Over the period under review, imports showed a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, imports reached the peak of 6M tons, and then reduced dramatically in the following year.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped to $1.2B in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 154%. As a result, imports reached the peak of $1.3B, and then reduced in the following year.

Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to the United Arab Emirates in 2022:

1. Bahrain (2045.9K tons)
2. Oman (1394.5K tons)
3. Sweden (767.3K tons)
4. Brazil (368.9K tons)
5. Chile (161.3K tons)
6. Ukraine (78.1K tons)

Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in the United Arab Emirates

In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) exported from the United Arab Emirates declined dramatically to 19K tons, shrinking by -96.3% against the year before. Over the period under review, exports showed a dramatic slump. The pace of growth was the most pronounced in 2021 when exports increased by 243%.

In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped dramatically to $878K in 2022. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 420% against the previous year.

Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from the United Arab Emirates in 2022:

1. Malaysia (18.4K tons)
2. China (0.2K tons)

Source: IndexBox Market Intelligence Platform