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

Contents:

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

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

The average import price for iron ores and concentrates, non-agglomerated stood at $46 per ton in 2022, declining by -16.5% against the previous year. Over the period under review, the import price continues to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2017 a decrease of -13.7%. Over the period under review, average import prices reached the maximum at $750 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China amounted to -24.4% per year.

Imports of Iron Ore and Concentrate, Non-Agglomerated in Sri Lanka

For the fourth consecutive year, Sri Lanka recorded growth in overseas purchases of iron ores and concentrates, non-agglomerated, which increased by 3.2% to 2.2 tons in 2022. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 4.7%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated imports contracted to $100 in 2022. In general, imports, however, showed a deep contraction. The smallest decline of -13.4% was in 2021.

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

1. China (2.2 tons)

Source: IndexBox Market Intelligence Platform