Price for Iron Ore and Concentrate, Non-Agglomerated in Germany - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Germany (CIF) - 2023
- Price for Iron Ore and Concentrate, Non-Agglomerated in Germany (FOB) - 2023
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Germany
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Germany
Price for Iron Ore and Concentrate, Non-Agglomerated in Germany (CIF) - 2023
The average import price for iron ores and concentrates, non-agglomerated stood at $129 per ton in June 2023, rising by 2.8% against the previous month. In general, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in November 2022 an increase of 9.7% month-to-month. The import price peaked at $147 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Sweden ($141 per ton) and Canada ($130 per ton), while the price for Liberia ($98.0 per ton) and Norway ($98.0 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Liberia (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron Ore and Concentrate, Non-Agglomerated in Germany (FOB) - 2023
In June 2023, the average export price for iron ores and concentrates, non-agglomerated amounted to $131 per ton, picking up by 8.6% against the previous month. In general, the export price, however, continues to indicate a mild contraction. The growth pace was the most rapid in February 2023 an increase of 34% m-o-m. Over the period under review, the average export prices attained the peak figure at $181 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($1,208 per ton), while the average price for exports to Switzerland ($55.0 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Ore and Concentrate, Non-Agglomerated in Germany
In 2022, the amount of iron ores and concentrates, non-agglomerated imported into Germany dropped modestly to 26M tons, waning by -2.4% on the year before. Over the period under review, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2021 when imports increased by 14%.
In value terms, iron ore and concentrate, non-agglomerated imports shrank remarkably to $3.5B in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 82% against the previous year. As a result, imports attained the peak of $4.2B, and then shrank rapidly in the following year.
| Import of Iron Ore and Concentrate, Non-Agglomerated in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.8 | 1,339 | 2,194 | 1,935 | 784.1% |
| Brazil | 1,034 | 198 | 526 | 439 | -24.8% |
| Canada | 469 | 318 | 400 | 333 | -10.8% |
| Sweden | 178 | 162 | 431 | 310 | 20.3% |
| South Africa | 614 | 190 | 481 | 305 | -20.8% |
| Liberia | 54.1 | 81.4 | 109 | 93.6 | 20.0% |
| Others | 195 | 35.3 | 90.2 | 62.1 | -31.7% |
| Total | 2,547 | 2,323 | 4,232 | 3,479 | 11.0% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Germany in 2022:
- Netherlands (14.7M tons)
- Brazil (2.9M tons)
- Canada (2.4M tons)
- South Africa (2.3M tons)
- Sweden (2.0M tons)
- Liberia (0.9M tons)
Exports of Iron Ore and Concentrate, Non-Agglomerated in Germany
In 2022, iron ore and concentrate, non-agglomerated exports from Germany fell significantly to 23K tons, waning by -30.4% compared with the year before. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 22%.
In value terms, iron ore and concentrate, non-agglomerated exports expanded modestly to $3M in 2022. Over the period under review, exports continue to indicate a dramatic slump.
| Export of Iron Ore and Concentrate, Non-Agglomerated in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 6,116 | 297 | 188 | 2,231 | -28.5% |
| Czech Republic | 861 | 653 | 509 | 430 | -20.7% |
| Switzerland | 902 | 717 | 722 | 100 | -52.0% |
| Hungary | 465 | 244 | 146 | 57.6 | -50.2% |
| Poland | 399 | 617 | 806 | 56.4 | -47.9% |
| Netherlands | 2.8 | 11.5 | 47.6 | 30.5 | 121.7% |
| Lithuania | 304 | 103 | N/A | N/A | -66.1% |
| Others | 513 | 497 | 485 | 102 | -41.6% |
| Total | 9,563 | 3,138 | 2,904 | 3,008 | -32.0% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Germany in 2022:
- Austria (17.0K tons)
- Czech Republic (2.2K tons)
- Switzerland (2.0K tons)
- Poland (0.9K tons)
- Netherlands (0.5K tons)
- Hungary (0.3K tons)
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