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

Contents:

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

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

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $73 per ton, with an increase of 8.4% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 export price increased by +144.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 52% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, 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 +5.9% per year.

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

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $342 per ton, surging by 63% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 109%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Japan ($672 per ton), while the price for Lao People's Democratic Republic ($102 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of iron ores and concentrates, non-agglomerated exported from Thailand shrank notably to 141K tons, falling by -70.8% on the previous year's figure. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 176%. As a result, the exports reached the peak of 482K tons, and then contracted markedly in the following year.

In value terms, iron ore and concentrate, non-agglomerated exports declined significantly to $10M in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 187%. As a result, the exports reached the peak of $33M, and then declined significantly in the following year.

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

1. China (140.9K tons)

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

For the fourth year in a row, Thailand recorded growth in supplies from abroad of iron ores and concentrates, non-agglomerated, which increased by 9% to 3K tons in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 296% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, iron ore and concentrate, non-agglomerated imports skyrocketed to $1M in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 284% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Sweden (2530.0 tons)
2. China (233.6 tons)
3. South Africa (101.2 tons)
4. Japan (90.0 tons)
5. Lao People's Democratic Republic (0.3 tons)

Source: IndexBox Market Intelligence Platform