Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan - 2022

Contents:

1. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan (FOB) - 2022
2. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan (CIF) - 2022
3. Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan
4. Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan (FOB) - 2022

In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $94 per ton, dropping by -28.9% against the previous year. Overall, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 46%. As a result, the export price attained the peak level of $133 per ton, and then fell markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($111 per ton), while the average price for exports to China totaled $89 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.6%).

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan (CIF) - 2022

The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $118 per ton in 2022, rising by 4.3% against the previous year. In general, the import price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2015 an increase of 39%. As a result, import price attained the peak level of $421 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -2.8% per year.

Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan

After three years of growth, overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -32.3% to 3.5M tons in 2022. Overall, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 97%.

In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) contracted rapidly to $333M in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 115%.

Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Kazakhstan in 2022:

1. China (2.7M tons)
2. Russia (0.8M tons)

Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Kazakhstan

In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) imported into Kazakhstan dropped sharply to 87 tons, with a decrease of -99.9% on the previous year. Over the period under review, imports faced a sharp decline. The smallest decline of -13.2% was in 2021.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) reduced markedly to $10K in 2022. In general, imports continue to indicate a precipitous decrease. The smallest decline of -9.7% was in 2020.

Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Kazakhstan in 2022:

1. Russia (87.1 tons)

Source: IndexBox Market Intelligence Platform