Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru - 2022

Contents:

1. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru (FOB) - 2022
2. Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru (CIF) - 2022
3. Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru
4. Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru (FOB) - 2022

In 2022, the average export price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $68 per ton, reducing by -16.1% against the previous year. Overall, the export price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 23%. As a result, the export price reached the peak level of $116 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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 the United States amounted to -0.5% per year.

Price for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru (CIF) - 2022

In 2022, the average import price for iron ores and concentrates, agglomerated (excluding roasted iron pyrites) amounted to $262 per ton, increasing by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +3.5% per year.

Exports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru

In 2022, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) from Peru skyrocketed to 32K tons, growing by 33% compared with the previous year. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 235%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) expanded rapidly to $2.2M in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 170% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) from Peru in 2022:

1. China (32.1K tons)

Imports of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) in Peru

In 2022, approx. 1.4K tons of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) were imported into Peru; which is down by -9.9% on 2021. Overall, imports recorded a drastic downturn. The smallest decline of -9.9% was in 2021.

In value terms, imports of iron ores and concentrates, agglomerated (excluding roasted iron pyrites) dropped slightly to $365K in 2022. Over the period under review, imports continue to indicate a mild setback.

Top Suppliers of Iron Ore and Concentrate, Agglomerated (Excluding Roasted Iron Pyrites) to Peru in 2022:

1. Chile (1.4K tons)

Source: IndexBox Market Intelligence Platform