Price for Iron Ore and Concentrate, Non-Agglomerated in Estonia - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Estonia (CIF) - 2022
- Price for Iron Ore and Concentrate, Non-Agglomerated in Estonia (FOB) - 2022
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Estonia
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Estonia
Price for Iron Ore and Concentrate, Non-Agglomerated in Estonia (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $345 per ton, almost unchanged from the previous year. In general, the import price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 an increase of 67%. The import price peaked at $349 per ton in 2021, and then contracted modestly in the following year.
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 Sweden ($351 per ton), while the price for the United States stood at $68 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.5%).
Price for Iron Ore and Concentrate, Non-Agglomerated in Estonia (FOB) - 2022
The average export price for iron ores and concentrates, non-agglomerated stood at $337 per ton in 2020, jumping by 24% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 70%. As a result, the export price reached the peak level of $539 per ton. From 2014 to 2020, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Latvia.
From 2012 to 2020, the rate of growth in terms of prices for Latvia amounted to +0.8% per year.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Estonia
Iron ore and concentrate, non-agglomerated imports into Estonia surged to 1.6K tons in 2022, picking up by 279% compared with the year before. In general, imports recorded significant growth. 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 soared to $553K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 79.3 | 106 | 148 | 541 | 89.7% |
| United States | N/A | N/A | N/A | 4.1 | 0% |
| Others | 18.6 | N/A | N/A | 8.6 | -22.7% |
| Total | 97.9 | 106 | 148 | 553 | 78.1% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Estonia in 2022:
- Sweden (1540.8 tons)
- United States (60.8 tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Estonia
Iron ore and concentrate, non-agglomerated exports from Estonia fell markedly to 24 tons in 2020, dropping by -27.8% on the year before. Over the period under review, exports saw a dramatic shrinkage.
In value terms, iron ore and concentrate, non-agglomerated exports dropped to $8.1K in 2020. Overall, exports showed a deep reduction.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Latvia | 7.7 | 8.1 | 5.2% | ||
| Germany | 1.3 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 9.0 | 8.1 | -10.0% | ||
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Estonia in 2022:
- Latvia (24.0 tons)
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