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

Contents:

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

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

The average import price for iron ores and concentrates, non-agglomerated stood at $317 per ton in 2022, dropping by -26.3% against the previous year. Overall, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 an increase of 162%. As a result, import price attained the peak level of $2,363 per ton. From 2014 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 China.

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

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

The average export price for iron ores and concentrates, non-agglomerated stood at $2,411 per ton in 2022, with an increase of 17% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 79% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +13.9% per year.

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

For the fourth consecutive year, Ethiopia recorded growth in overseas purchases of iron ores and concentrates, non-agglomerated, which increased by 36% to 10 tons in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 1,498%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, iron ore and concentrate, non-agglomerated imports reached $3.2K in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 917% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. China (10.1 tons)

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

In 2022, iron ore and concentrate, non-agglomerated exports from Ethiopia dropped to 728 kg, shrinking by -14.4% compared with the previous year's figure. In general, exports continue to indicate a abrupt decrease. The smallest decline of -2.1% was in 2021.

In value terms, iron ore and concentrate, non-agglomerated exports reached $1.8K in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 5.8% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. China (728.0 kg)

Source: IndexBox Market Intelligence Platform