Price for Iron Ore and Concentrate, Non-Agglomerated in Bulgaria - 2023

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

The average export price for iron ores and concentrates, non-agglomerated stood at $83 per ton in 2022, surging by 20% against the previous year. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 91%. Over the period under review, the average export prices attained the maximum at $151 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($126 per ton), while the average price for exports to Slovakia ($50 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 the Czech Republic (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $229 per ton, waning by -25.7% against the previous year. Overall, the import price showed a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 99% against the previous year. Over the period under review, average import prices hit record highs at $432 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($361 per ton), while the price for Ukraine totaled $199 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+3.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of iron ores and concentrates, non-agglomerated from Bulgaria declined markedly to 138K tons, with a decrease of -17.5% on 2021. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of 167K tons, and then shrank markedly in the following year.

In value terms, iron ore and concentrate, non-agglomerated exports contracted to $12M in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 115% against the previous year. As a result, the exports attained the peak of $12M, leveling off in the following year.

Export of Iron Ore and Concentrate, Non-Agglomerated in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	0.3	N/A	3.3	4.4	144.8%
Hungary	0.8	2.2	5.2	3.9	69.6%
Slovakia	5.4	3.2	3.1	3.3	-15.1%
Others	N/A	N/A	N/A	N/A	0%
Total	6.5	5.4	11.6	11.5	20.9%

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

Slovakia (64.6K tons)
Hungary (38.5K tons)
Czech Republic (35.0K tons)

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

In 2022, supplies from abroad of iron ores and concentrates, non-agglomerated was finally on the rise to reach 2.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a deep reduction.

In value terms, iron ore and concentrate, non-agglomerated imports dropped markedly to $531K in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, imports reached the peak of $690K, and then fell remarkably in the following year.