Price for Iron Ore and Concentrate, Non-Agglomerated in New Zealand - 2023

Price for Iron Ore and Concentrate, Non-Agglomerated in New Zealand (CIF) - 2022

The average import price for iron ores and concentrates, non-agglomerated stood at $344 per ton in 2022, falling by -13.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 44%. As a result, import price reached the peak level of $397 per ton, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -0.5% per year.

Price for Iron Ore and Concentrate, Non-Agglomerated in New Zealand (FOB) - 2022

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $83 per ton, reducing by -23% against the previous year. Over the period under review, the export price, however, posted a measured expansion. The growth pace was the most rapid in 2021 when the average export price increased by 54% against the previous year. As a result, the export price attained the peak level of $107 per ton, and then reduced remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.6% per year.

Imports of Iron Ore and Concentrate, Non-Agglomerated in New Zealand

In 2022, the amount of iron ores and concentrates, non-agglomerated imported into New Zealand contracted notably to 360 tons, waning by -54.9% on the previous year. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 177% against the previous year. As a result, imports reached the peak of 798 tons, and then shrank notably in the following year.

In value terms, iron ore and concentrate, non-agglomerated imports reduced rapidly to $124K in 2022. Over the period under review, imports, however, showed a measured increase. The growth pace was the most rapid in 2021 when imports increased by 299% against the previous year. As a result, imports reached the peak of $317K, and then fell rapidly in the following year.

Import of Iron Ore and Concentrate, Non-Agglomerated in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	111	79.3	317	124	3.8%
Others	N/A	N/A	N/A	N/A	0%
Total	111	79.3	317	124	3.8%

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to New Zealand in 2022:

Australia (360.0 tons)

Exports of Iron Ore and Concentrate, Non-Agglomerated in New Zealand

In 2022, the amount of iron ores and concentrates, non-agglomerated exported from New Zealand totaled 2.9M tons, with an increase of 9.6% compared with 2021. The total export volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, iron ore and concentrate, non-agglomerated exports contracted sharply to $241M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of $286M, and then shrank rapidly in the following year.