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

Contents:

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

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

The average import price for iron ores and concentrates, non-agglomerated stood at $90.4 per ton in June 2023, therefore, remained relatively stable against the previous month. Overall, the import price showed a mild decrease. The pace of growth was the most pronounced in September 2022 when the average import price increased by 58% against the previous month. Over the period under review, average import prices hit record highs at $113 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($164 per ton), while the price for Bulgaria ($37.0 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $70 per ton, waning by -23% against the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 77% against the previous year. As a result, the export price reached the peak level of $140 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to +1.4% per year.

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

In 2022, the amount of iron ores and concentrates, non-agglomerated imported into Slovakia shrank sharply to 1.4M tons, declining by -46.5% against 2021 figures. Overall, imports faced a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by 29%.

In value terms, iron ore and concentrate, non-agglomerated imports reduced dramatically to $156M in 2022. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 97%. As a result, imports reached the peak of $326M, and then fell sharply in the following year.

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

1. Ukraine (1111.5K tons)
2. Russia (127.1K tons)
3. Brazil (85.3K tons)
4. Bulgaria (62.7K tons)

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

In 2022, iron ore and concentrate, non-agglomerated exports from Slovakia surged to 99K tons, picking up by 28% on 2021. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated exports fell to $7M in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 158%. As a result, the exports attained the peak of $7.1M, and then shrank in the following year.

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

1. Czech Republic (99.4K tons)

Source: IndexBox Market Intelligence Platform