Price for Iron Ore and Concentrate, Non-Agglomerated in Belgium - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Belgium (CIF) - 2023
- Price for Iron Ore and Concentrate, Non-Agglomerated in Belgium (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Belgium
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Belgium
Price for Iron Ore and Concentrate, Non-Agglomerated in Belgium (CIF) - 2023
The average import price for iron ores and concentrates, non-agglomerated stood at $107 per ton in June 2023, declining by -16.3% against the previous month. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in October 2022 an increase of 37% against the previous month. The import price peaked at $168 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($664 per ton), while the price for Germany ($80.0 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Non-Agglomerated in Belgium (FOB) - 2022
The average export price for iron ores and concentrates, non-agglomerated stood at $238 per ton in 2022, with a decrease of -12.3% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 95% against the previous year. As a result, the export price reached the peak level of $271 per ton, and then reduced 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 Netherlands ($249 per ton), while the average price for exports to Germany ($135 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 France (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Belgium
Iron ore and concentrate, non-agglomerated imports into Belgium surged to 5.9M tons in 2022, increasing by 21% compared with the previous year. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron ore and concentrate, non-agglomerated imports reduced slightly to $856M in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 90%. As a result, imports reached the peak of $860M, leveling off in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 134 | 171 | 202 | 333 | 35.5% |
| Brazil | 186 | 119 | 317 | 297 | 16.9% |
| Sweden | 98.8 | 100 | 249 | 166 | 18.9% |
| Liberia | N/A | 3.5 | 15.6 | 19.2 | 134.2% |
| Germany | 5.1 | 1.6 | 8.8 | 11.8 | 32.3% |
| Mauritania | 22.3 | 14.4 | N/A | N/A | -35.4% |
| Ukraine | 5.2 | 35.0 | 23.1 | N/A | 110.8% |
| Others | 11.8 | 8.6 | 45.0 | 28.5 | 34.2% |
| Total | 463 | 453 | 860 | 856 | 22.7% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Belgium in 2022:
- Mauritania (undefinedK tons)
- Canada (2290.2K tons)
- Brazil (2235.0K tons)
- Sweden (913.5K tons)
- Liberia (201.0K tons)
- Germany (106.2K tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Belgium
Iron ore and concentrate, non-agglomerated exports from Belgium surged to 189K tons in 2022, jumping by 5,695% on the previous year. In general, exports showed a significant increase. 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 skyrocketed to $45M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 42.4 | 0% |
| Germany | N/A | 4.3 | N/A | 2.2 | -28.5% |
| Algeria | N/A | 0.4 | 0.2 | 0.2 | -29.3% |
| Netherlands | 0.6 | 0.4 | 0.4 | N/A | -18.4% |
| Others | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Total | 0.7 | 5.1 | 0.9 | 45.0 | 300.6% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Belgium in 2022:
- France (171.6K tons)
- Germany (16.1K tons)
- Algeria (0.7K tons)
- Netherlands (0.1K tons)
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