Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $1,329 per ton, with an increase of 459% against the previous year. Overall, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Latvia ($30,000 per ton), while the price for China ($701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $351 per ton, declining by -20.5% against the previous year. Overall, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2020 an increase of 43%. Over the period under review, the average export prices attained the maximum at $524 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -3.9% per year.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore
For the third year in a row, Singapore recorded decline in overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which decreased by -99.8% to 535 kg in 2022. Overall, imports saw a sharp descent. The smallest decline of -7.6% was in 2020.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped sharply to $711 in 2022. In general, imports faced a sharp curtailment. The smallest decline of -13.1% was in 2020.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 0.2 | N/A | 0.3 | -9.1% |
| Latvia | N/A | N/A | N/A | 0.3 | 0% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| Thailand | 26.3 | 19.5 | 0.2 | N/A | -91.3% |
| South Africa | 19.2 | 18.8 | 0.3 | N/A | -87.5% |
| Australia | 49.7 | 44.2 | 0.7 | N/A | -88.1% |
| Brazil | N/A | N/A | 59.4 | N/A | 0% |
| Bahrain | N/A | N/A | 13.2 | N/A | 0% |
| Others | 2.0 | 2.1 | N/A | N/A | 5.0% |
| Total | 97.6 | 84.8 | 73.8 | 0.7 | -80.7% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Singapore in 2022:
- United States (438.0 kg)
- China (87.0 kg)
- Latvia (10.0 kg)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore
In 2022, after three years of growth, there was significant decline in shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), when their volume decreased by 99.9% to 174 kg. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports reached the peak of 517 tons, and then contracted remarkably in the following year.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) reduced remarkably to $61 in 2022. In general, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2020 when exports increased by 66% against the previous year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 98.2 | 1.6 | 6.2 | 0.1 | -89.9% |
| Spain | N/A | 13.5 | N/A | N/A | 0% |
| Malaysia | N/A | 147 | 221 | N/A | 50.3% |
| Others | N/A | 0.6 | N/A | N/A | 0% |
| Total | 98.2 | 163 | 228 | 0.1 | -89.9% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Singapore in 2022:
- Indonesia (174.0 kg)
1154
This report provides an in-depth analysis of the iron ore market in Singapore.
422
This report provides an in-depth analysis of the iron ore market in Singapore.
356
This report provides an in-depth analysis of the roasted iron pyrites market in Singapore.
2164
This report provides an in-depth analysis of the global iron ore market.
1235
This report provides an in-depth analysis of the global iron ore market.
584
This report provides an in-depth analysis of the global roasted iron pyrites market.
1154
This report provides an in-depth analysis of the iron ore market in Singapore.
422
This report provides an in-depth analysis of the iron ore market in Singapore.
356
This report provides an in-depth analysis of the roasted iron pyrites market in Singapore.
2164
This report provides an in-depth analysis of the global iron ore market.
559
Explore the top import markets for iron ore, including China, Japan, South Korea, and more. Learn about the key statistics and import values of these countries. Discover valuable insights using the IndexBox market intelligence platform.
752
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
1019
In value terms, ores and concentrates; n.e.c. in heading no. X imports totaled $X in 2016. In general, ores and concentrates; n.e.c. in heading no. X imports continue to indicate a remarkable...
966
In value terms, ferrous products imports stood at $X in 2016. Overall, ferrous products imports continue to indicate a slight reduction. Over the period under review, global ferrous products import...
1170
In value terms, ferrous products exports stood at $X in 2016. Overall, ferrous products exports continue to indicate a abrupt deduction. Over the period under review, global ferrous products export...
1306
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
1363
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
559
Explore the top import markets for iron ore, including China, Japan, South Korea, and more. Learn about the key statistics and import values of these countries. Discover valuable insights using the IndexBox market intelligence platform.
752
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
