Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $186 per ton, dropping by -27.3% against the previous year. In general, the import price recorded a slight slump. The growth pace was the most rapid in 2016 an increase of 68%. Over the period under review, average import prices attained the peak figure at $631 per ton in 2018; however, from 2019 to 2022, 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 -1.8% per year.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $191 per ton in 2022, falling by -8.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 62%. As a result, the export price attained the peak level of $378 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($191 per ton), while the average price for exports to the Netherlands stood at $172 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway
In 2022, overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -59.7% to 7K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a significant expansion.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped significantly to $1.3M in 2022. Overall, imports, however, recorded a significant expansion.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 4.4 | 1.3 | -70.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | N/A | 4.4 | 1.3 | -70.5% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Norway in 2022:
- Russia (6.9K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway
In 2022, overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -57.4% to 181K tons, falling for the second consecutive year after two years of growth. In general, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 548K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) contracted dramatically to $35M in 2022. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 86%. As a result, the exports reached the peak of $97M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 52.2 | 96.9 | 77.9 | 34.6 | -12.8% |
| United Kingdom | N/A | N/A | 10.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 52.2 | 96.9 | 88.6 | 34.6 | -12.8% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Norway in 2022:
- Egypt (181.2K tons)
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This report provides an in-depth analysis of the iron ore market in Norway.
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This report provides an in-depth analysis of the iron ore market in Norway.
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This report provides an in-depth analysis of the roasted iron pyrites market in Norway.
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