Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $181 per ton in 2022, which is down by -5.4% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by +84.1% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 42%. As a result, import price attained the peak level of $191 per ton, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($210 per ton), while the price for the United Arab Emirates ($137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%), 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 Malaysia (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $183 per ton in 2022, surging by 131% against the previous year. Overall, the export price saw a pronounced expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($236 per ton), while the average price for exports to China totaled $47 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.0%), while the prices for the other major destinations experienced a decline.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia
Imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Malaysia skyrocketed to 2M tons in 2022, picking up by 171% against the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 292% against the previous year. As a result, imports reached the peak of 2.5M tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) skyrocketed to $370M in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 346%. 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 13.3 | 59.4 | 47.4 | 99.9 | 95.8% |
| Romania | N/A | N/A | N/A | 96.3 | 0% |
| United Arab Emirates | 0.1 | 0.7 | 6.8 | 74.8 | 807.8% |
| Bahrain | 4.5 | 20.9 | 14.7 | 73.2 | 153.4% |
| Sweden | N/A | N/A | N/A | 10.7 | 0% |
| India | 3.2 | 45.3 | 31.8 | N/A | 215.2% |
| Oman | 34.4 | 155 | 19.3 | N/A | -25.1% |
| Others | 20.0 | 56.4 | 24.4 | 15.6 | -7.9% |
| Total | 75.6 | 337 | 144 | 370 | 69.8% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Malaysia in 2022:
- Romania (549.7K tons)
- United Arab Emirates (546.4K tons)
- Brazil (475.3K tons)
- Bahrain (354.6K tons)
- Sweden (51.4K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia
In 2022, approx. 16K tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were exported from Malaysia; waning by -24.8% compared with the year before. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 178%.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) soared to $2.9M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 285%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 10.5 | 39.2 | 728 | 2,717 | 537.2% |
| China | 1,546 | 398 | 906 | 212 | -48.4% |
| Others | N/A | N/A | 49.5 | 1.2 | -97.6% |
| Total | 1,556 | 437 | 1,684 | 2,930 | 23.5% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Malaysia in 2022:
- Indonesia (11.5K tons)
- China (4.5K tons)
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