Which Country Imports the Most Unroasted Iron Pyrites in the World?

Other Mining And Quarrying July 26, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the global unroasted iron pyrites imports amounted to 831K tonnes, waning by -22.0% against the previous year figure. In general, unroasted iron pyrites imports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2015, when import increased by 61% against the previous year level. In that year, global unroasted iron pyrites imports attained its maximum volume of 1.1M tonnes, falling back in the following year.

In value terms, unroasted iron pyrites imports stood at $72M in 2016. In general, unroasted iron pyrites imports continue to indicate a prominent increase. Over the period under review, global unroasted iron pyrites imports attained its maximum level in 2016, and are likely to see steady growth in the immediate term.

Top Unroasted Iron Pyrites Importing Countries in the World

1. China (46.6 million USD)

2. Germany (5.2 million USD)

3. Israel (3.3 million USD)

4. Italy (1.5 million USD)

5. Canada (0.4 million USD)

6. Russia (0.0 million USD)

7. Greece (0.0 million USD)

Unroasted Iron Pyrites Imports By Country

China (376K tonnes) represented the main importing country with an import of around 376K tonnes, which resulted at 45% of total imports. Greece (123K tonnes) occupied the second position in the ranking, followed by Germany (97K tonnes), Canada (78K tonnes), and Israel (50K tonnes). All these countries together held approx. 42% share of total imports. Russia (24K tonnes), and Italy (13K tonnes) followed a long way behind this figure.

China was also the fastest growing in terms of the unroasted iron pyrites imports, with a CAGR of +27.8% from 2007 to 2016. At the same time, Israel (+25.1%), and Canada (+21.9%) displayed positive paces of growth. Germany, Russia, and Greece experienced a relatively flat trend pattern. By contrast, Italy (-1.8%) illustrated a downward trend over the same period. While the share of Israel (-5.2%), Canada (-7.8%), and China (-40.3%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($47M) constitutes the largest market for imported unroasted iron pyrites worldwide, making up 65% of global imports. The second position in the ranking was occupied by Germany ($5.2M), with the share of 7% of global imports. It was followed by Israel, with the share of 5%.

From 2007 to 2016, the average annual rate of growth in terms of value of unroasted iron pyrites imports in China stood at +69.4%. The remaining importing countries recorded the following average annual rates: Germany (-4.5% per year) and Israel (+0.6% per year).

Unroasted Iron Pyrites Import Prices By Country

The average unroasted iron pyrites import price stood at $87 per tonne in 2016, picking up by 55% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +2.4%.The pace of growth was the most pronounced in 2016, when import increased by 55% year-to-year. In that year, average unroasted iron pyrites import price attained its maximum level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by country of destination. the country with the highest import prices was China ($124 per tonne), while Greece ($0 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of unroasted iron pyrites import prices was attained by China (+32.3% per year), while the other global leaders experienced more modest paces of growth.

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This article was written on the product's HS-code: 2502.

Source: World: Unroasted Iron Pyritess - Market Report. Analysis And Forecast To 2025