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

Contents:

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

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

The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $103 per ton in 2022, surging by 38% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) increased by +45.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 80%. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.8% per year.

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

The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $96 per ton in 2022, with a decrease of -4.2% against the previous year. Overall, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 7.2%. The import price peaked at $150 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.9% per year.

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

For the third consecutive year, Myanmar recorded decline in overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which decreased by -77% to 600 tons in 2022. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -43.5% was in 2021.

In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank sharply to $62K in 2022. In general, exports showed a dramatic contraction. The smallest decline of -40.6% was in 2021.

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

1. China (600.0 tons)

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

In 2022, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Myanmar rose notably to 34 tons, with an increase of 12% on the year before. Over the period under review, imports, however, saw a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 442%.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $3.2K in 2022. In general, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 422%.

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

1. China (33.7 tons)

Source: IndexBox Market Intelligence Platform