Price for Iron Ore and Concentrate, Non-Agglomerated in Egypt - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Egypt (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Egypt (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Egypt
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Egypt
Price for Iron Ore and Concentrate, Non-Agglomerated in Egypt (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $132 per ton, shrinking by -20.3% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 19%. The import price peaked at $254 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2013 to 2022, the rate of growth in terms of prices for Brazil amounted to +0.1% per year.
Price for Iron Ore and Concentrate, Non-Agglomerated in Egypt (FOB) - 2022
In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $98 per ton, falling by -24.2% against the previous year. Overall, the export price saw a mild setback. The growth pace was the most rapid in 2016 when the average export price increased by 101%. Over the period under review, the average export prices attained the peak figure at $130 per ton in 2021, and then dropped sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Mauritania.
From 2012 to 2022, the rate of growth in terms of prices for Serbia amounted to +51.5% per year.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Egypt
In 2022, the amount of iron ores and concentrates, non-agglomerated imported into Egypt surged to 75K tons, with an increase of 91% against the previous year's figure. Overall, imports, however, saw a sharp reduction.
In value terms, iron ore and concentrate, non-agglomerated imports surged to $9.9M in 2022. In general, imports, however, recorded a abrupt descent.
Import of Iron Ore and Concentrate, Non-Agglomerated in Egypt (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 6.1 | N/A | 1.7 | 9.9 | 17.5% |
Oman | 1.4 | N/A | 0.9 | N/A | -19.8% |
Brazil | 8.8 | N/A | 3.9 | N/A | -33.4% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 16.3 | N/A | 6.5 | 9.9 | -15.3% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Egypt in 2022:
- South Africa (75.1K tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Egypt
For the third year in a row, Egypt recorded decline in overseas shipments of iron ores and concentrates, non-agglomerated, which decreased by -99.4% to 2.1 tons in 2022. Overall, exports faced a precipitous decline. The smallest decline of -62% was in 2020.
In value terms, iron ore and concentrate, non-agglomerated exports shrank markedly to $206 in 2022. In general, exports showed a sharp shrinkage. The smallest decline of -48.7% was in 2020.
Export of Iron Ore and Concentrate, Non-Agglomerated in Egypt (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mauritania | N/A | N/A | N/A | 0.2 | 0% |
Jordan | 27.3 | 9.9 | N/A | N/A | -63.7% |
Slovakia | 412 | N/A | N/A | N/A | 0% |
United Kingdom | 172 | 156 | 10.2 | N/A | -75.6% |
Serbia | 80.1 | 193 | 1.0 | N/A | -88.8% |
Others | 14.4 | 2.9 | 31.8 | N/A | 48.6% |
Total | 706 | 362 | 43.0 | 0.2 | -93.4% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Egypt in 2022:
- Mauritania (2.1 tons)
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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.
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.