Price for Iron Ore and Concentrate, Non-Agglomerated in Mexico - 2023

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Mexico (FOB) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Mexico (CIF) - 2023
3. Exports of Iron Ore and Concentrate, Non-Agglomerated in Mexico
4. Imports of Iron Ore and Concentrate, Non-Agglomerated in Mexico

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

The average export price for iron ores and concentrates, non-agglomerated stood at $41.5 per ton in December 2022, therefore, remained relatively stable against the previous month. In general, the export price saw a noticeable expansion. The most prominent rate of growth was recorded in July 2022 an increase of 275% m-o-m. Over the period under review, the average export prices hit record highs in December 2022.

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

From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +4.1% per month.

Price for Iron Ore and Concentrate, Non-Agglomerated in Mexico (CIF) - 2023

The average import price for iron ores and concentrates, non-agglomerated stood at $666 per ton in April 2023, approximately reflecting the previous month. Over the period under review, the import price saw tangible growth. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 55% m-o-m. Over the period under review, average import prices reached the maximum in April 2023.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From April 2022 to April 2023, the rate of growth in terms of prices for the United States amounted to +3.9% per month.

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

Iron ore and concentrate, non-agglomerated exports from Mexico expanded rapidly to 1.3M tons in 2022, increasing by 5.9% against the previous year's figure. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated exports skyrocketed to $31M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. China (1.3M tons)

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

Iron ore and concentrate, non-agglomerated imports into Mexico skyrocketed to 40K tons in 2022, rising by 2,316% compared with 2021 figures. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 9,167%. As a result, imports reached the peak of 513K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, iron ore and concentrate, non-agglomerated imports surged to $5.5M in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 11,865%. As a result, imports reached the peak of $154M. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. United States (39.8K tons)

Source: IndexBox Market Intelligence Platform