Latest Report Update: Mar 1, 2023
U.S. - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
Subscription
Online access and download
from $280/month
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
Article Publishing Date: Aug 29, 2022
Iron Ore Price per Ton June 2022
U.S. Iron Ore Export Price per Ton June 2022
In June 2022, the iron ore price per ton amounted to $107 (FOB, US), picking up by 18% against the previous month. Over the period under review, export price indicated a notable expansion from January 2022 to June 2022: its price increased at an average monthly rate of +3.3% over the last five months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, iron ore export price increased by +30.7% against April 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 41% against the previous month. As a result, the export price reached the peak level of $128 per ton. From March 2022 to June 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($161 per ton), while the average price for exports to Japan ($54 per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Iron Ore Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was iron ores and concentrates, non-agglomerated ($168 per ton), while the average price for exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $94 per ton.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for the following types: iron ore and concentrate, non-agglomerated (+6.9%).
U.S. Iron Ore Exports
After two months of growth, overseas shipments of iron ores and concentrates decreased by -38.8% to 860K tons in June 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in April 2022 with an increase of 114% m-o-m. The exports peaked at 1.4M tons in May 2022, and then contracted sharply in the following month.
In value terms, iron ore exports shrank sharply to $92M (IndexBox estimates) in June 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in April 2022 with an increase of 87% against the previous month. The exports peaked at $128M in May 2022, and then reduced sharply in the following month.
U.S. Iron Ore Exports by Type
Iron ores and concentrates, agglomerated (excluding roasted iron pyrites) (710K tons) was the largest type of iron ore exported from the United States, with a 83% share of total exports. Moreover, iron ores and concentrates, agglomerated (excluding roasted iron pyrites) exceeded the volume of the second product type, iron ores and concentrates, non-agglomerated (150K tons), fivefold.
From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of export of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at +9.2%.
In value terms, iron ores and concentrates, agglomerated (excluding roasted iron pyrites) ($67M) remains the largest type of iron ore exported from the United States, comprising 73% of total exports. The second position in the ranking was taken by iron ores and concentrates, non-agglomerated ($25M), with a 27% share of total exports.
From January 2022 to June 2022, the average monthly growth rate of the export volume of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to +11.2%.
U.S. Iron Ore Exports by Country
Canada (622K tons) was the main destination for iron ore exports from the United States, with a 72% share of total exports. Moreover, iron ore exports to Canada exceeded the volume sent to the second major destination, China (146K tons), fourfold. The third position in this ranking was held by India (77K tons), with a 9% share.
From January 2022 to June 2022, the average monthly growth rate of volume to Canada amounted to +12.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+14.9% per month) and India (+1.5% per month).
In value terms, Canada ($60M) remains the key foreign market for iron ore exports from the United States, comprising 65% of total exports. The second position in the ranking was taken by China ($23M), with a 25% share of total exports. It was followed by India, with an 8.4% share.
From January 2022 to June 2022, the average monthly growth rate of value to Canada stood at +15.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+21.9% per month) and India (-8.5% per month).
This report provides an in-depth analysis of the iron ore market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 07101000 - Iron ores and concentrates (excluding roasted iron pyrites)
• Prodcom 07101010 -
• Prodcom 07101020 -
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Webinar: Global Metal Tank Market - Statistics, Trends, and Outlook
Join our live webinar to get insights into the global metal tank market.
Thursday, April 15th, 2021 @ 04:00 pm ET
Webinar: Addressing Cooling Challenges in the Oil & Gas Industry - Technology Innovation for Sustainable Development
Join our live webinar to get insights into cooling innovations in the oil and gas industry.
Monday, November 2nd, 2020 @ 04:00 pm ET
•
•
•
