Price for Iron Ore and Concentrate, Non-Agglomerated in Angola - 2022

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Angola (FOB) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Angola (CIF) - 2022
3. Exports of Iron Ore and Concentrate, Non-Agglomerated in Angola
4. Imports of Iron Ore and Concentrate, Non-Agglomerated in Angola

Price for Iron Ore and Concentrate, Non-Agglomerated in Angola (FOB) - 2022

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $593 per ton, declining by -75.6% against the previous year. Over the period under review, the export price saw a significant curtailment. The growth pace was the most rapid in 2021 an increase of 0.6% against the previous year. As a result, the export price attained the peak level of $2,425 per ton, and then reduced notably in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($593 per ton), while the average price for exports to Turkey totaled $592 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-50.4%).

Price for Iron Ore and Concentrate, Non-Agglomerated in Angola (CIF) - 2022

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $5,140 per ton, surging by 231% against the previous year. Over the period under review, the import price saw strong growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 154,342% against the previous year. As a result, import price reached the peak level of $1,523 per kg. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +8.7% per year.

Exports of Iron Ore and Concentrate, Non-Agglomerated in Angola

For the third consecutive year, Angola recorded growth in shipments abroad of iron ores and concentrates, non-agglomerated, which increased by 15,658% to 10K tons in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated exports surged to $6.2M in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Angola in 2022:

1. Turkey (undefinedK tons)
2. China (10.4K tons)

Imports of Iron Ore and Concentrate, Non-Agglomerated in Angola

Iron ore and concentrate, non-agglomerated imports into Angola contracted notably to 50 kg in 2022, waning by 99.9% on 2021. Over the period under review, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 150%.

In value terms, iron ore and concentrate, non-agglomerated imports shrank rapidly to $257 in 2022. In general, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 100%.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Angola in 2022:

1. Namibia (50.0 kg)

Source: IndexBox Market Intelligence Platform