Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium (CIF) - 2023
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium (CIF) - 2023
In September 2023, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $172 per ton, which is down by -8.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 8.5% m-o-m. The import price peaked at $195 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From September 2022 to September 2023, the rate of growth in terms of prices for Canada amounted to -0.1% per month.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $120 per ton in 2021, which is down by -9.5% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 28%. The export price peaked at $312 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ukraine.
From 2012 to 2021, the rate of growth in terms of prices for France amounted to +8.6% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium
After two years of decline, purchases abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by 64% to 1.5M tons in 2022. Overall, imports, however, continue to indicate a pronounced reduction.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) surged to $279M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | 104 | 131 | 26.0% |
| Canada | 223 | 124 | 71.5 | 128 | -16.9% |
| Sweden | 5.8 | 12.1 | N/A | 11.0 | 23.8% |
| United States | N/A | N/A | 31.4 | 9.3 | -70.4% |
| Russia | 8.4 | 9.0 | N/A | N/A | 7.1% |
| Others | N/A | 7.8 | N/A | N/A | 0% |
| Total | 237 | 153 | 206 | 279 | 5.6% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Belgium in 2022:
- Canada (708.0K tons)
- Brazil (676.2K tons)
- Sweden (81.8K tons)
- United States (49.5K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium
Exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Belgium reduced remarkably to 100 kg in 2021, which is down by 99.9% against 2020 figures. Overall, exports recorded a significant curtailment. The smallest decline of -3% was in 2020.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank markedly to $12 in 2021. In general, exports continue to indicate a dramatic contraction. The smallest decline of -10.3% was in 2020.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| France | 730 | 653 | N/A | -10.5% | |
| Ukraine | N/A | N/A | N/A | 0% | |
| Others | N/A | 1.8 | N/A | 0% | |
| Total | 730 | 654 | N/A | -10.4% | |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Belgium in 2022:
- Ukraine (100.0 kg)
601
This report provides an in-depth analysis of the iron ore market in Belgium.
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This report provides an in-depth analysis of the iron ore market in Belgium.
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This report provides an in-depth analysis of the roasted iron pyrites market in Belgium.
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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.
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This report provides an in-depth analysis of the iron ore market in Belgium.
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This report provides an in-depth analysis of the iron ore market in Belgium.
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This report provides an in-depth analysis of the roasted iron pyrites market in Belgium.
2169
This report provides an in-depth analysis of the global iron ore market.
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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.
752
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
