Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $191 per ton, waning by -9.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 70%. Over the period under review, average import prices hit record highs at $392 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Oman ($191 per ton) and Bahrain ($191 per ton), while the price for Canada ($191 per ton) and Sweden ($191 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $162 per ton, shrinking by -13.6% against the previous year. Over the period under review, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52% against the previous year. The export price peaked at $247 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sudan.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -9.6% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt
In 2022, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Egypt totaled 6M tons, picking up by 9.1% against the previous year's figure. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached 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) dropped to $1.1B in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +56.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. As a result, imports attained the peak of $1.2B, leveling off in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 88.9 | 171 | 182 | 496 | 77.4% |
| Brazil | 405 | 220 | 323 | 246 | -15.3% |
| Bahrain | 140 | 86.9 | 195 | 188 | 10.3% |
| Sweden | 84.6 | 48.4 | 79.1 | 103 | 6.8% |
| Norway | 51.5 | 91.5 | 77.7 | 34.6 | -12.4% |
| Canada | 30.6 | 40.3 | 41.6 | 32.6 | 2.1% |
| Ukraine | N/A | 35.1 | 74.1 | 27.9 | -10.8% |
| Russia | 44.3 | 19.3 | 38.3 | 19.0 | -24.6% |
| Others | 21.8 | 21.6 | 147 | N/A | 159.7% |
| Total | 867 | 734 | 1,158 | 1,147 | 9.8% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Egypt in 2022:
- Oman (2594.2K tons)
- Brazil (1286.1K tons)
- Bahrain (984.9K tons)
- Sweden (541.3K tons)
- Norway (181.2K tons)
- Canada (170.8K tons)
- Ukraine (145.9K tons)
- Russia (99.3K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt
In 2022, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Egypt reduced dramatically to 634 kg, declining by -99.8% against the previous year's figure. Over the period under review, exports faced a significant contraction. The smallest decline of -42.8% was in 2020.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank dramatically to $103 in 2022. In general, exports recorded a sharp curtailment. The smallest decline of -21.2% was in 2020.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.0 | 2.8 | N/A | N/A | -68.9% |
| Vietnam | N/A | 4.3 | N/A | N/A | 0% |
| Sudan | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.0 | 7.1 | 0.1 | N/A | -89.5% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Egypt in 2022:
- Sudan (634.0 kg)
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This report provides an in-depth analysis of the iron ore market in Egypt.
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This report provides an in-depth analysis of the iron ore market in Egypt.
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This report provides an in-depth analysis of the roasted iron pyrites market in Egypt.
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This report provides an in-depth analysis of the global iron ore market.
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