Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $214 per ton, growing by 7.6% against the previous year. In general, the import price showed a perceptible expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 49%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($213 per ton), while the price for Belgium ($144 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+21.8%), 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 Spain (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $148 per ton, dropping by -24.2% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price decreased by -8.9%. Over the period under review, the average export prices hit record highs at $823 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($239 per ton), while the average price for exports to Norway ($132 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-9.6%).
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain
Imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Spain contracted remarkably to 1.5M tons in 2022, which is down by -36% compared with the year before. Overall, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. As a result, imports attained the peak of 2.3M tons, and then reduced markedly in the following year.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) shrank sharply to $321M in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 171% against the previous year. As a result, imports reached the peak of $466M, and then reduced notably in the following year.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 144 | 134 | 284 | 230 | 16.9% |
| United States | N/A | 7.8 | 67.8 | 72.5 | 204.9% |
| Belgium | N/A | N/A | N/A | 10.2 | 0% |
| Brazil | 43.8 | N/A | 31.0 | N/A | -15.9% |
| United Kingdom | N/A | N/A | 11.6 | N/A | 0% |
| Ukraine | 33.2 | 30.1 | 50.4 | N/A | 23.2% |
| Others | 7.2 | 0.4 | 21.3 | 8.7 | 6.5% |
| Total | 228 | 172 | 466 | 321 | 12.1% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Spain in 2022:
- Canada (1090.5K tons)
- United States (339.6K tons)
- Belgium (71.2K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain
In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) exported from Spain soared to 27K tons, growing by 271,235% on the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) skyrocketed to $4.1M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| France | N/A | N/A | 3.5 | 0% | |
| Norway | N/A | N/A | 0.6 | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | N/A | N/A | 4.1 | 0% | |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Spain in 2022:
- France (23.2K tons)
- Norway (4.2K tons)
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This report provides an in-depth analysis of the iron ore market in Spain.
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