Price for Iron Ore and Concentrate, Non-Agglomerated in Sweden - 2023
Contents:
- Price for Iron Ore and Concentrate, Non-Agglomerated in Sweden (FOB) - 2023
- Price for Iron Ore and Concentrate, Non-Agglomerated in Sweden (CIF) - 2022
- Exports of Iron Ore and Concentrate, Non-Agglomerated in Sweden
- Imports of Iron Ore and Concentrate, Non-Agglomerated in Sweden
Price for Iron Ore and Concentrate, Non-Agglomerated in Sweden (FOB) - 2023
The average export price for iron ores and concentrates, non-agglomerated stood at $119 per ton in June 2023, shrinking by -5.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in July 2022 an increase of 36% against the previous month. As a result, the export price reached the peak level of $135 per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to the United States ($136 per ton) and the UK ($132 per ton), while the average price for exports to Singapore ($106 per ton) and Mexico ($112 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron Ore and Concentrate, Non-Agglomerated in Sweden (CIF) - 2022
In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $164 per ton, dropping by -11.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 51% against the previous year. Over the period under review, average import prices reached the maximum at $379 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($469 per ton), while the price for Norway totaled $150 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+28.8%), while the prices for the other major suppliers experienced a decline.
Exports of Iron Ore and Concentrate, Non-Agglomerated in Sweden
Iron ore and concentrate, non-agglomerated exports from Sweden rose notably to 6.5M tons in 2022, growing by 6.3% compared with the year before. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. 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 dropped significantly to $841M in 2022. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of $1.1B, and then contracted markedly in the following year.
Export of Iron Ore and Concentrate, Non-Agglomerated in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 186 | 229 | 360 | 297 | 16.9% |
Germany | 108 | 133 | 256 | 189 | 20.5% |
Singapore | 10.2 | 53.7 | 41.0 | 170 | 155.4% |
China | 61.7 | 88.6 | 131 | 79.8 | 9.0% |
United Kingdom | 21.1 | 36.0 | 55.1 | 41.5 | 25.3% |
Bahrain | 68.8 | 64.8 | 176 | 29.0 | -25.0% |
United States | 8.0 | 15.8 | 24.7 | 17.7 | 30.3% |
Others | 51.7 | 7.8 | 7.0 | 17.6 | -30.2% |
Total | 516 | 629 | 1,050 | 841 | 17.7% |
Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Sweden in 2022:
- Netherlands (2217.8K tons)
- Germany (1462.0K tons)
- Singapore (1401.5K tons)
- China (518.4K tons)
- United States (337.8K tons)
- United Kingdom (281.8K tons)
- Bahrain (167.4K tons)
Imports of Iron Ore and Concentrate, Non-Agglomerated in Sweden
In 2022, iron ore and concentrate, non-agglomerated imports into Sweden reduced markedly to 12K tons, falling by -56.8% on 2021 figures. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of 28K tons, and then declined sharply in the following year.
In value terms, iron ore and concentrate, non-agglomerated imports dropped rapidly to $2M in 2022. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 149% against the previous year. As a result, imports reached the peak of $5.2M, and then declined remarkably in the following year.
Import of Iron Ore and Concentrate, Non-Agglomerated in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 1.4 | 2.0 | 3.2 | 1.7 | 6.7% |
Germany | N/A | N/A | 0.2 | 0.2 | 0.0% |
Russia | 1.1 | N/A | 1.9 | N/A | 31.4% |
Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
Total | 2.6 | 2.1 | 5.2 | 2.0 | -8.4% |
Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Sweden in 2022:
- Norway (11.6K tons)
- Germany (0.4K tons)
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