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

Contents:

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

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

The average import price for iron ores and concentrates, non-agglomerated stood at $586 per ton in 2022, with an increase of 19% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 1,604%. Over the period under review, average import prices hit record highs at $591 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($611 per ton), while the price for the Netherlands totaled $577 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+312.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for iron ores and concentrates, non-agglomerated stood at $368 per ton in 2020, with an increase of 7.4% against the previous year. In general, the export price posted noticeable growth. The growth pace was the most rapid in 2017 when the average export price increased by 49%. As a result, the export price reached the peak level of $463 per ton. From 2018 to 2020, the average export prices remained at a somewhat lower figure.

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

From 2016 to 2020, the rate of growth in terms of prices for the Netherlands amounted to +4.3% per year.

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

In 2022, overseas purchases of iron ores and concentrates, non-agglomerated were finally on the rise to reach 48 tons after two years of decline. Over the period under review, imports, however, saw a precipitous curtailment.

In value terms, iron ore and concentrate, non-agglomerated imports soared to $28K in 2022. Overall, imports, however, faced a dramatic decrease.

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

1. Netherlands (35.0 tons)
2. Latvia (13.0 tons)

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

Iron ore and concentrate, non-agglomerated exports from Lithuania contracted slightly to 39 tons in 2020, dropping by -2.5% against the year before. Over the period under review, exports saw a perceptible slump.

In value terms, iron ore and concentrate, non-agglomerated exports rose to $14K in 2020. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (39.0 tons)

Source: IndexBox Market Intelligence Platform