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

Contents:

  1. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Uruguay (FOB) - 2022
  2. Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Uruguay

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

In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $187 per ton, flattening at the previous year. Overall, the export price saw a slight slump. The pace of growth was the most pronounced in 2018 an increase of 811%. The export price peaked at $1,304 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -2.0% per year.

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

For the fourth year in a row, Uruguay recorded growth in overseas shipments of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which increased by 62% to 11 tons in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 408% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) skyrocketed to $2.1K in 2022. In general, exports continue to indicate 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 Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea0.81.01.32.035.7%
OthersN/AN/AN/A0.10%
Total0.81.01.32.137.9%

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

  1. South Korea (11.2 tons)

Source: IndexBox Market Intelligence Platform

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