Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy (CIF) - 2023
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy (CIF) - 2023
In October 2023, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $165 per ton, therefore, remained relatively stable against the previous month. Overall, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in September 2023 when the average import price increased by 15% against the previous month. The import price peaked at $205 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Brazil ($188 per ton), while the price for Libya ($130 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+3.1%), 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 Italy (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $338 per ton in 2022, reducing by -92.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 1,371%. As a result, the export price reached the peak level of $4,562 per ton, and then declined remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Bulgaria.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +31.1% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy
After three years of growth, overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -6.1% to 1.5M tons in 2022. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports reached the peak of 1.6M tons, and then contracted in the following year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped remarkably to $304M in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 120%. As a result, imports attained the peak of $379M, and then contracted significantly in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 68.7 | N/A | 170 | 220 | 47.4% |
| India | 7.7 | N/A | 71.4 | 72.7 | 111.4% |
| Ukraine | 14.9 | 31.7 | 87.3 | 11.0 | -9.6% |
| Russia | N/A | 65.1 | N/A | N/A | 0% |
| Canada | 76.3 | 64.3 | 3.3 | N/A | -79.2% |
| Others | N/A | 11.3 | 46.4 | 0.3 | -83.7% |
| Total | 168 | 172 | 379 | 304 | 21.9% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Italy in 2022:
- Brazil (1082.8K tons)
- India (357.1K tons)
- Ukraine (58.5K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy
In 2022, overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were finally on the rise to reach 7.9 tons after two years of decline. Over the period under review, exports, however, continue to indicate a precipitous descent.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) declined remarkably to $2.7K in 2022. Overall, exports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 153%.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | N/A | N/A | N/A | 2.7 | 0% |
| Germany | N/A | N/A | 0.8 | N/A | 0% |
| Angola | 7.8 | N/A | N/A | N/A | 0% |
| Canada | N/A | 2.9 | 2.0 | N/A | -31.0% |
| Others | N/A | N/A | 4.6 | N/A | 0% |
| Total | 7.8 | 2.9 | 7.4 | 2.7 | -29.8% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Italy in 2022:
- Bulgaria (7.9 tons)
1203
This report provides an in-depth analysis of the iron ore market in Italy.
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This report provides an in-depth analysis of the iron ore market in Italy.
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This report provides an in-depth analysis of the iron ore market in Italy.
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This report provides an in-depth analysis of the roasted iron pyrites market in Italy.
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This report provides an in-depth analysis of the global iron ore market.
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