Price for Iron Ore and Concentrate, Non-Agglomerated in Argentina - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Argentina (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Argentina (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Argentina
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Argentina
Price for Iron Ore and Concentrate, Non-Agglomerated in Argentina (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $89 per ton, with an increase of 8.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 20%. The import price peaked at $93 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($267 per ton), while the price for Brazil ($77 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+7.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron Ore and Concentrate, Non-Agglomerated in Argentina (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $134 per ton, which is down by -5.9% against the previous year. Over the period under review, the export price, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 40% against the previous year. The export price peaked at $143 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($908 per ton), while the average price for exports to Australia ($8.1 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 the Netherlands (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Argentina
In 2022, approx. 2.6M tons of iron ores and concentrates, non-agglomerated were imported into Argentina; increasing by 6% against 2021 figures. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.6% 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 +69.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, iron ore and concentrate, non-agglomerated imports rose remarkably to $230M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 72%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 96.0 | 103 | 186 | 181 | 23.5% |
| South Africa | 1.0 | 10.5 | 13.0 | 37.8 | 235.6% |
| Bolivia | 4.1 | 2.8 | 1.2 | 11.5 | 41.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 101 | 117 | 200 | 230 | 31.6% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Argentina in 2022:
- Brazil (2348.4K tons)
- South Africa (141.3K tons)
- Bolivia (81.6K tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Argentina
Iron ore and concentrate, non-agglomerated exports from Argentina dropped to 65K tons in 2022, with a decrease of -5.6% compared with 2021 figures. In general, exports saw a precipitous decrease. The smallest decline of -4.5% was in 2021.
In value terms, iron ore and concentrate, non-agglomerated exports dropped to $8.7M in 2022. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 29%.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 10.8 | 4.4 | 5.7 | 4.5 | -25.3% |
| Netherlands | 3.9 | 1.3 | 1.6 | 1.1 | -34.4% |
| Germany | 5.0 | 1.2 | 0.6 | 1.1 | -39.6% |
| United States | 0.9 | 0.4 | 0.5 | 0.4 | -23.7% |
| Australia | 1.1 | 0.3 | 0.3 | 0.2 | -43.3% |
| Chile | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | 1.2 | 1.2 | 0.0% |
| Total | 21.6 | 7.6 | 9.8 | 8.7 | -26.1% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Argentina in 2022:
- Australia (27.3K tons)
- Netherlands (8.7K tons)
- Germany (8.2K tons)
- Belgium (5.0K tons)
- United States (2.3K tons)
- Chile (2.1K tons)
475
This report provides an in-depth analysis of the iron ore market in Argentina.
438
This report provides an in-depth analysis of the iron ore market in Argentina.
372
This report provides an in-depth analysis of the roasted iron pyrites market in Argentina.
2195
This report provides an in-depth analysis of the global iron ore market.
1250
This report provides an in-depth analysis of the global iron ore market.
601
This report provides an in-depth analysis of the global roasted iron pyrites market.
475
This report provides an in-depth analysis of the iron ore market in Argentina.
438
This report provides an in-depth analysis of the iron ore market in Argentina.
372
This report provides an in-depth analysis of the roasted iron pyrites market in Argentina.
2195
This report provides an in-depth analysis of the global iron ore market.
632
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.
764
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
1034
In value terms, ores and concentrates; n.e.c. in heading no. X imports totaled $X in 2016. In general, ores and concentrates; n.e.c. in heading no. X imports continue to indicate a remarkable...
977
In value terms, ferrous products imports stood at $X in 2016. Overall, ferrous products imports continue to indicate a slight reduction. Over the period under review, global ferrous products import...
1180
In value terms, ferrous products exports stood at $X in 2016. Overall, ferrous products exports continue to indicate a abrupt deduction. Over the period under review, global ferrous products export...
1342
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
1387
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
632
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.
764
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
