Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $764 per ton in 2022, jumping by 104% against the previous year. Over the period under review, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 154%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +140.1% per year.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $252 per ton, shrinking by -5.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 20,191%. As a result, import price reached the peak level of $60,571 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Portugal.
From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to -10.0% per year.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola
Exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Angola shrank dramatically to 144 kg in 2022, falling by 99.9% compared with the previous year. Over the period under review, exports showed a sharp decrease. The smallest decline of -2.7% was in 2021.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined significantly to $110 in 2022. Overall, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 147% against the previous year. As a result, the exports reached the peak of $9.3M, and then dropped notably in the following year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 3.8 | 6.1 | N/A | 59.4% |
| Turkey | N/A | N/A | 3.2 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.4 | 3.8 | 9.3 | N/A | 96.9% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Angola in 2022:
- China (144.0 kg)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola
For the fourth consecutive year, Angola recorded growth in overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which increased by 19% to 88 tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) expanded markedly to $22K in 2022. The total import value increased at an average annual rate of +12.4% over the period 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 with an increase of 12%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 0.3 | 17.6 | 19.8 | 22.2 | 319.8% |
| Italy | 7.7 | N/A | N/A | N/A | 0% |
| Others | 7.7 | N/A | N/A | N/A | 0% |
| Total | 15.7 | 17.6 | 19.8 | 22.2 | 12.2% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Angola in 2022:
- Portugal (88.4 tons)
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This report provides an in-depth analysis of the roasted iron pyrites market in Angola.
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