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

Contents:

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

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

In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $88 per ton, with a decrease of -33.7% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $237 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -5.1% per year.

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

In 2021, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $106 per ton, declining by -17.1% against the previous year. In general, the import price continues to indicate a abrupt curtailment. Over the period under review, average import prices hit record highs at $246 per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Burundi.

From 2017 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

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

In 2022, the amount of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) exported from Tanzania soared to 3.4 tons, with an increase of 366% on the previous year's figure. Overall, exports continue to indicate significant growth. As a result, the exports reached 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 $303 in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. South Africa (3.4 tons)

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

In 2021, approx. 329 kg of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Tanzania; which is down by -78.6% compared with the previous year. In general, imports continue to indicate a precipitous setback.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped dramatically to $35 in 2021. Over the period under review, imports recorded a dramatic decrease.

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

1. Burundi (329.0 kg)

Source: IndexBox Market Intelligence Platform