Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $115 per ton in 2022, with a decrease of -24.6% against the previous year. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. As a result, the export price attained the peak level of $153 per ton, and then declined markedly in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($121 per ton) and South Korea ($120 per ton), while the average price for exports to India ($87 per ton) and the UK ($95 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $170 per ton in 2022, shrinking by -2.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 43% against the previous year. As a result, import price attained the peak level of $180 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 Malaysia ($2,136 per ton), while the price for the Dominican Republic ($12 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+73.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa
In 2022, approx. 37M tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were exported from South Africa; dropping by -11% against the previous year's figure. In general, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 1.1%.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank rapidly to $4.2B in 2022. Overall, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 59%. As a result, the exports reached the peak of $6.3B, and then fell notably in the following year.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,108 | 2,378 | 2,876 | 2,049 | -0.9% |
| Netherlands | 352 | 386 | 969 | 823 | 32.7% |
| South Korea | 339 | 440 | 575 | 434 | 8.6% |
| Japan | 258 | 255 | 565 | 303 | 5.5% |
| Germany | 214 | 189 | 492 | 270 | 8.1% |
| Turkey | 47.9 | 41.2 | 104 | 145 | 44.7% |
| Romania | 28.1 | 12.2 | 80.0 | 75.3 | 38.9% |
| Others | 314 | 248 | 627 | 121 | -27.2% |
| Total | 3,662 | 3,949 | 6,288 | 4,220 | 4.8% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from South Africa in 2022:
- China (18.2M tons)
- Netherlands (7.0M tons)
- South Korea (3.6M tons)
- Japan (2.5M tons)
- Germany (2.3M tons)
- Turkey (1.2M tons)
- Romania (0.7M tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa
In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) imported into South Africa contracted rapidly to 34 tons, with a decrease of -39.5% compared with the year before. Overall, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 425% against the previous year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) reduced markedly to $5.8K in 2022. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 408%.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sierra Leone | N/A | N/A | N/A | N/A | 0% |
| Dominican Republic | N/A | N/A | N/A | N/A | 0% |
| Gabon | N/A | N/A | N/A | N/A | 0% |
| Namibia | N/A | N/A | N/A | N/A | 0% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| India | 12.5 | N/A | N/A | N/A | 0% |
| Tanzania | N/A | N/A | N/A | N/A | 0% |
| Mexico | 13.1 | N/A | N/A | N/A | 0% |
| Canada | 6.2 | N/A | N/A | N/A | 0% |
| Brazil | 19.2 | N/A | N/A | N/A | 0% |
| Ghana | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 51.1 | N/A | N/A | N/A | 0% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to South Africa in 2022:
- Gabon (23.1 tons)
- Namibia (3.9 tons)
- Sierra Leone (3.0 tons)
- Tanzania (1.6 tons)
- Dominican Republic (0.9 tons)
- Ghana (0.6 tons)
- Malaysia (0.6 tons)
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This report provides an in-depth analysis of the iron ore market in South Africa.
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This report provides an in-depth analysis of the iron ore market in South Africa.
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This report provides an in-depth analysis of the roasted iron pyrites market in South Africa.
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This report provides an in-depth analysis of the global iron ore market.
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This report provides an in-depth analysis of the global iron ore market.
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This report provides an in-depth analysis of the global roasted iron pyrites market.
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This report provides an in-depth analysis of the iron ore market in South Africa.
710
This report provides an in-depth analysis of the iron ore market in South Africa.
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This report provides an in-depth analysis of the roasted iron pyrites market in South Africa.
2169
This report provides an in-depth analysis of the global iron ore market.
113
Iron Ore exports peaked at 69M tons in 2014 but remained at a lower figure from 2015 to 2023. In 2023, the value of Iron Ore exports was $6.5B.
396
According to July 2023 data, the export of Iron Ore experienced a significant decrease of -21.7% compared to the May 2023 figures. However, the value of Iron Ore exports saw a remarkable expansion, reaching $509M in July 2023.
71
From 2022 to 2023, exports of Roasted Iron Pyrites saw a decline, with the value dropping to $7.4M in 2023.
351
In June 2023, the price of Roasted Iron Pyrites was $220 per ton (FOB, South Africa), representing a 40% increase from the previous month.
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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.
113
Iron Ore exports peaked at 69M tons in 2014 but remained at a lower figure from 2015 to 2023. In 2023, the value of Iron Ore exports was $6.5B.
396
According to July 2023 data, the export of Iron Ore experienced a significant decrease of -21.7% compared to the May 2023 figures. However, the value of Iron Ore exports saw a remarkable expansion, reaching $509M in July 2023.
71
From 2022 to 2023, exports of Roasted Iron Pyrites saw a decline, with the value dropping to $7.4M in 2023.
351
In June 2023, the price of Roasted Iron Pyrites was $220 per ton (FOB, South Africa), representing a 40% increase from the previous month.
