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

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Portugal (CIF) - 2022
2. Imports of Iron Ore and Concentrate, Non-Agglomerated in Portugal

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

The average import price for iron ores and concentrates, non-agglomerated stood at $598 per ton in 2022, rising by 31% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $850 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($707 per ton), while the price for France ($312 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, overseas purchases of iron ores and concentrates, non-agglomerated decreased by -21.9% to 677 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 21%. As a result, imports attained the peak of 866 tons, and then reduced rapidly in the following year.

In value terms, iron ore and concentrate, non-agglomerated imports amounted to $405K in 2022. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Brazil (667.9 tons)
2. France (6.6 tons)
3. United Kingdom (1.7 tons)
4. Netherlands (0.4 tons)

Source: IndexBox Market Intelligence Platform