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

Contents:

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

Price for Iron Ore and Concentrate, Non-Agglomerated in Pakistan (FOB) - 2023

In February 2023, the average export price for iron ores and concentrates, non-agglomerated amounted to $69.1 per ton, with a decrease of -13.5% against the previous month. Over the period under review, the export price saw a pronounced contraction. The pace of growth was the most pronounced in August 2022 when the average export price increased by 93% month-to-month. The export price peaked at $109 per ton in May 2022; however, from June 2022 to February 2023, the export prices failed to regain momentum.

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

From February 2022 to February 2023, the rate of growth in terms of prices for China amounted to -2.5% per month.

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

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $232 per ton, dropping by -4.2% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron ore and concentrate, non-agglomerated import price increased by +62.4% against 2013 indices. The pace of growth appeared the most rapid in 2014 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $243 per ton in 2021, and then reduced in the following year.

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 Mauritania amounted to +29.3% per year.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of iron ores and concentrates, non-agglomerated, when their volume decreased by -12.6% to 233K tons. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of 267K tons, and then reduced in the following year.

In value terms, iron ore and concentrate, non-agglomerated exports contracted notably to $12M in 2022. Over the period under review, exports, however, showed a measured increase. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. As a result, the exports attained the peak of $19M, and then contracted dramatically in the following year.

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

1. China (233.3K tons)

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

After two years of decline, supplies from abroad of iron ores and concentrates, non-agglomerated increased by 12% to 30K tons in 2022. In general, imports, however, saw a deep setback.

In value terms, iron ore and concentrate, non-agglomerated imports expanded sharply to $6.9M in 2022. Over the period under review, imports, however, recorded a abrupt decline.

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

1. China (29.6K tons)

Source: IndexBox Market Intelligence Platform