Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $210 per ton in 2022, declining by -7.7% against the previous year. Over the period under review, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2021 an increase of 57% against the previous year. As a result, the export price reached the peak level of $228 per ton, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($232 per ton), while the average price for exports to South Korea ($92 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $1,323 per ton, increasing by 528% against the previous year. Overall, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +32.4% per year.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain
In 2022, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Bahrain declined modestly to 10M tons, remaining constant against the year before. In general, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 93%. As a result, the exports attained the peak of 10M tons, and then contracted in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) fell to $2.1B in 2022. Over the period under review, exports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 203%. As a result, the exports attained the peak of $2.4B, and then dropped in the following year.
Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 318 | 130 | 563 | 693 | 29.6% |
United Arab Emirates | 263 | 120 | 503 | 451 | 19.7% |
Oman | 237 | 165 | 388 | 443 | 23.2% |
Egypt | 98.7 | 86.8 | 183 | 232 | 33.0% |
Algeria | N/A | N/A | 302 | 197 | -34.8% |
South Korea | 5.4 | 7.3 | 24.6 | 35.8 | 87.9% |
Malaysia | 7.4 | 5.7 | 7.0 | 32.3 | 63.4% |
China | 89.0 | 64.3 | 72.1 | 11.8 | -49.0% |
India | 71.0 | 38.1 | 87.7 | N/A | 11.1% |
Others | 240 | 160 | 227 | 52.4 | -39.8% |
Total | 1,330 | 777 | 2,357 | 2,148 | 17.3% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Bahrain in 2022:
- Saudi Arabia (3.2M tons)
- Oman (2.1M tons)
- United Arab Emirates (2.0M tons)
- Egypt (1.1M tons)
- Algeria (0.9M tons)
- South Korea (0.4M tons)
- Malaysia (0.3M tons)
- China (0.1M tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain
In 2022, after three years of growth, there was significant decline in overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), when their volume decreased by 99.9% to 1 tons. In general, imports showed a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 99.9%.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped dramatically to $1.3K in 2022. Over the period under review, imports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 182% against the previous year. As a result, imports attained the peak of $22M, and then dropped remarkably in the following year.
Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Bahrain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | N/A | N/A | N/A | 0% |
India | 3.6 | 7.5 | 21.4 | N/A | 143.8% |
Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
Total | 3.8 | 7.6 | 21.5 | N/A | 137.9% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Bahrain in 2022:
- China (1.0 tons)
This report provides an in-depth analysis of the iron ore market in Bahrain.
This report provides an in-depth analysis of the roasted iron pyrites market in Bahrain.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global roasted iron pyrites market.
This report provides an in-depth analysis of the iron ore market in Bahrain.
This report provides an in-depth analysis of the roasted iron pyrites market in Bahrain.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global iron ore market.
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.
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.