Serbia - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Ore Price in Serbia - 2023
Contents:
- Iron Ore Price in Serbia (CIF) - 2022
- Iron Ore Price in Serbia (FOB) - 2022
- Iron Ore Imports in Serbia
- Iron Ore Exports in Serbia
Iron Ore Price in Serbia (CIF) - 2022
The average iron ore import price stood at $168 per ton in 2022, waning by -13.3% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron ore import price increased by +104.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 62%. As a result, import price attained the peak level of $193 per ton, and then shrank in the following year.
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 China ($355 per ton), while the price for Turkey ($139 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron Ore Price in Serbia (FOB) - 2022
The average iron ore export price stood at $254 per ton in 2022, dropping by -14.7% against the previous year. In general, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 215%. The export price peaked at $298 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($1,561 per ton), while the average price for exports to Slovakia totaled $24 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.
Iron Ore Imports in Serbia
Iron ore imports into Serbia declined slightly to 1.7M tons in 2022, therefore, remained relatively stable against the previous year's figure. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 35%.
In value terms, iron ore imports reduced to $287M in 2022. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 119%.
| Import of Iron Ore in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 216 | 70.3 | 162 | 112 | -19.7% |
| South Africa | 40.2 | 14.5 | 41.1 | 82.1 | 26.9% |
| Russia | 43.0 | 17.0 | 74.1 | 43.4 | 0.3% |
| China | N/A | N/A | N/A | 16.3 | 0% |
| Australia | N/A | N/A | N/A | 12.2 | 0% |
| Turkey | 9.7 | 14.9 | 20.4 | 11.1 | 4.6% |
| United States | 7.4 | 7.1 | 7.6 | 8.2 | 3.5% |
| Albania | 4.8 | 8.3 | 13.7 | N/A | 68.9% |
| Brazil | 14.1 | 6.8 | 9.7 | N/A | -17.1% |
| Others | 2.0 | 13.9 | 6.7 | 1.7 | -5.3% |
| Total | 337 | 153 | 335 | 287 | -5.2% |
Top Suppliers of Iron Ore to Serbia in 2022:
- Ukraine (693.8K tons)
- South Africa (548.8K tons)
- Russia (208.0K tons)
- Australia (83.3K tons)
- Turkey (80.1K tons)
- China (46.0K tons)
- United States (40.8K tons)
Iron Ore Exports in Serbia
In 2022, the amount of iron ores and concentrates exported from Serbia contracted sharply to 15 tons, with a decrease of 99.9% on 2021. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of -4.2% was in 2021.
In value terms, iron ore exports fell sharply to $3.9K in 2022. In general, exports recorded a sharp decline. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, the exports reached the peak of $9.2M, and then contracted markedly in the following year.
| Export of Iron Ore in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 4.5 | 6.5 | 6.3 | N/A | 18.3% |
| Slovakia | N/A | N/A | N/A | N/A | 0% |
| Austria | 0.1 | N/A | 0.1 | N/A | 0.0% |
| North Macedonia | N/A | N/A | N/A | N/A | 0% |
| Czech Republic | 1.8 | 1.3 | 1.3 | N/A | -15.0% |
| Turkey | N/A | N/A | 1.5 | N/A | 0% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 6.7 | 7.8 | 9.2 | N/A | 17.2% |
Top Export Markets for Iron Ore from Serbia in 2022:
- Slovakia (13.8 tons)
- North Macedonia (1.5 tons)
This report provides an in-depth analysis of the iron ore market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
107
This report provides an in-depth analysis of the iron ore market in Serbia.
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This report provides an in-depth analysis of the roasted iron pyrites market in Serbia.
2135
This report provides an in-depth analysis of the global iron ore market.
1212
This report provides an in-depth analysis of the global iron ore market.
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This report provides an in-depth analysis of the global roasted iron pyrites market.
107
This report provides an in-depth analysis of the iron ore market in Serbia.
53
This report provides an in-depth analysis of the roasted iron pyrites market in Serbia.
2135
This report provides an in-depth analysis of the global iron ore market.
1212
This report provides an in-depth analysis of the global iron ore market.
564
This report provides an in-depth analysis of the global roasted iron pyrites market.
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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.
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Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
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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...
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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...
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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...
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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 ...
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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 ...
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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.
735
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
