Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand - 2023
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand (FOB) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand (CIF) - 2022
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $94 per ton, with an increase of 14% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 36,873%. As a result, the export price attained the peak level of $21,429 per ton. From 2017 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 China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.1% per year.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $2,857 per ton in 2022, declining by -4.4% against the previous year. In general, the import price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2019 an increase of 58%. Over the period under review, average import prices reached the peak figure at $3,126 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,843 per ton), while the price for the United States totaled $1,055 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.1%).
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which increased by 34% to 43K tons in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 686,594%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) soared to $4M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 98,667% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.2 | 2.6 | 4.0 | 347.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 0.2 | 2.6 | 4.0 | 347.2% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Thailand in 2022:
- China (42.6K tons)
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand
In 2022, overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were finally on the rise to reach 30 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) soared to $86K in 2022. Overall, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 61.3 | 33.7 | 39.2 | 83.6 | 10.9% |
| United States | 0.1 | 1.6 | 0.4 | 0.5 | 71.0% |
| South Korea | 0.6 | N/A | N/A | N/A | 0% |
| Others | 2.5 | 15.1 | 5.4 | 1.8 | -10.4% |
| Total | 64.5 | 50.4 | 45.0 | 85.8 | 10.0% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Thailand in 2022:
- Japan (29.4 tons)
- United States (0.5 tons)
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