Price for Iron Ore and Concentrate, Non-Agglomerated in Japan - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Japan (CIF) - 2023
- Price for Iron Ore and Concentrate, Non-Agglomerated in Japan (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Japan
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Japan
Price for Iron Ore and Concentrate, Non-Agglomerated in Japan (CIF) - 2023
The average import price for iron ores and concentrates, non-agglomerated stood at $114 per ton in July 2023, with an increase of 4.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 15% m-o-m. The import price peaked at $134 per ton in September 2022; however, from October 2022 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from South Africa ($139 per ton) and Canada ($131 per ton), while the price for Australia ($107 per ton) and Brazil ($124 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Africa (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron Ore and Concentrate, Non-Agglomerated in Japan (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $751 per ton, waning by -6.2% against the previous year. Over the period under review, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 124%. The export price peaked at $1,788 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
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 Thailand ($1,971 per ton), while the average price for exports to Indonesia ($534 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 China (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Japan
In 2022, the amount of iron ores and concentrates, non-agglomerated imported into Japan fell to 97M tons, dropping by -6.4% against 2021 figures. In general, imports saw a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.
In value terms, iron ore and concentrate, non-agglomerated imports shrank dramatically to $12.2B in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 89% against the previous year. As a result, imports attained the peak of $16B, and then shrank rapidly in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Japan (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.6 | 5.0 | 9.9 | 7.3 | 9.2% |
| Brazil | 2.1 | 2.2 | 3.9 | 3.4 | 17.4% |
| Canada | 0.5 | 0.5 | 1.0 | 0.8 | 17.0% |
| South Africa | 0.3 | 0.3 | 0.7 | 0.5 | 18.6% |
| Others | 0.4 | 0.4 | 0.5 | 0.3 | -9.1% |
| Total | 9.1 | 8.5 | 16.0 | 12.2 | 10.3% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Japan in 2022:
- Australia (62.7M tons)
- Brazil (24.0M tons)
- Canada (5.5M tons)
- South Africa (3.0M tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Japan
In 2022, iron ore and concentrate, non-agglomerated exports from Japan soared to 341 tons, jumping by 44% against the previous year's figure. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 546%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, iron ore and concentrate, non-agglomerated exports surged to $256K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 190%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | 89.1 | 149 | 67.2% |
| Thailand | 60.0 | 18.7 | 77.3 | 98.5 | 18.0% |
| United States | N/A | N/A | 7.0 | 5.2 | -25.7% |
| China | 26.5 | 31.2 | N/A | N/A | 17.7% |
| Philippines | N/A | 3.4 | 17.1 | N/A | 402.9% |
| Others | N/A | 12.5 | N/A | 3.1 | -50.2% |
| Total | 86.5 | 65.7 | 190 | 256 | 43.6% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Japan in 2022:
- Indonesia (280.0 tons)
- Thailand (50.0 tons)
- United States (6.9 tons)
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