Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela - 2022
Contents:
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela (CIF) - 2022
- Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela (FOB) - 2022
- Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela
- Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela (CIF) - 2022
The average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $104 per ton in 2022, standing approx. at the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 an increase of 6.1% against the previous year. As a result, import price attained the peak level of $141 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($112 per ton), while the price for the United States ($77 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-3.5%), while the prices for the other major suppliers experienced a decline.
Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela (FOB) - 2022
The average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) stood at $163 per ton in 2022, which is down by -32.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 69%. The export price peaked at $240 per ton in 2021, and then contracted dramatically in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($833 per ton), while the average price for exports to Germany ($101 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 China (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela
For the fourth year in a row, Venezuela recorded growth in overseas purchases of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which increased by 0.5% to 284K tons in 2022. In general, imports recorded a relatively flat trend pattern. 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) dropped slightly to $29M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The smallest decline of -0.7% was in 2020.
| Import of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 19.7 | 20.4 | 21.1 | 21.8 | 3.4% |
| Brazil | 10.1 | 9.1 | 8.3 | 7.5 | -9.4% |
| United States | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 30.1 | 29.9 | 29.7 | 29.5 | -0.7% |
Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Venezuela in 2022:
- Canada (213.2K tons)
- Brazil (67.1K tons)
- United States (3.5K tons)
Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela
For the fourth consecutive year, Venezuela recorded growth in shipments abroad of iron ores and concentrates, agglomerated (excluding roasted iron pyrites), which increased by 52% to 100K tons in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 253% against the previous year. Over the period under review, the exports of attained the peak figure 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) rose slightly to $16M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 218%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 2.0 | 2.9 | 9.1 | 135.1% |
| United States | 0.4 | 1.3 | 1.9 | 6.0 | 146.6% |
| France | 0.2 | 0.4 | 0.5 | 1.3 | 86.6% |
| China | 1.7 | 5.8 | 10.6 | N/A | 149.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 9.4 | 15.9 | 16.3 | 75.8% |
Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Venezuela in 2022:
- Germany (90.4K tons)
- United States (7.2K tons)
- France (2.8K tons)
748
This report provides an in-depth analysis of the iron ore market in Venezuela.
718
This report provides an in-depth analysis of the iron ore market in Venezuela.
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This report provides an in-depth analysis of the roasted iron pyrites market in Venezuela.
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This report provides an in-depth analysis of the global iron ore market.
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This report provides an in-depth analysis of the global iron ore market.
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This report provides an in-depth analysis of the global roasted iron pyrites market.
748
This report provides an in-depth analysis of the iron ore market in Venezuela.
718
This report provides an in-depth analysis of the iron ore market in Venezuela.
201
This report provides an in-depth analysis of the roasted iron pyrites market in Venezuela.
2163
This report provides an in-depth analysis of the global iron ore market.
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Explore the top import markets for iron ore, including China, Japan, South Korea, and more. Learn about the key statistics and import values of these countries. Discover valuable insights using the IndexBox market intelligence platform.
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Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
