Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Sweden - 2023

Contents:

1. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Sweden (FOB) - 2023
2. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Sweden (CIF) - 2022
3. Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Sweden
4. Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Sweden

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Sweden (FOB) - 2023

In October 2023, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $113 per ton, approximately mirroring the previous month. In general, the export price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 8.2% month-to-month. Over the period under review, the average export prices reached the peak figure at $169 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Saudi Arabia ($168 per ton), while the average price for exports to Norway ($79.0 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $135 per ton, with an increase of 20% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of 43%. The import price peaked at $244 per ton in 2012; however, from 2013 to 2022, 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 Canada ($826 per ton), while the price for Finland totaled $96 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.2%).

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

In 2022, shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) decreased by -3.9% to 17M tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. As a result, the exports attained the peak of 21M 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) declined remarkably to $2.9B in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +42.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of $3.7B, and then contracted markedly in the following year.

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

1. Germany (3.2M tons)
2. Finland (2.5M tons)
3. Saudi Arabia (2.4M tons)
4. Turkey (1.8M tons)
5. Qatar (1.5M tons)
6. United Kingdom (1.4M tons)
7. United Arab Emirates (1.0M tons)
8. Belgium (0.9M tons)
9. Egypt (0.8M tons)
10. United States (0.7M tons)
11. Netherlands (0.7M tons)
12. China (0.2M tons)

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

Imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) into Sweden shrank remarkably to 55 tons in 2022, falling by -66.5% compared with the previous year's figure. In general, imports continue to indicate a dramatic shrinkage.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) contracted markedly to $7.5K in 2022. Over the period under review, imports recorded a significant decline.

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

1. Finland (52.4 tons)
2. Canada (2.9 tons)

Source: IndexBox Market Intelligence Platform