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

Contents:

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

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

The average import price for iron ores and concentrates, non-agglomerated stood at $729 per ton in 2022, stabilizing at the previous year. Overall, the import price, however, recorded a pronounced increase. The growth pace was the most rapid in 2018 an increase of 150%. Over the period under review, average import prices hit record highs at $738 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the Netherlands ($5,725 per ton), while the price for Iran ($362 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for iron ores and concentrates, non-agglomerated stood at $1,795 per ton in 2022, flattening at the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by less than 0.1% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2017 to 2022, the rate of growth in terms of prices for Qatar amounted to +18,394.7% per year.

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

In 2022, supplies from abroad of iron ores and concentrates, non-agglomerated decreased by -34% to 35 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 69%. As a result, imports attained the peak of 72 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron ore and concentrate, non-agglomerated imports contracted dramatically to $26K in 2022. Over the period under review, imports, however, showed modest growth. The pace of growth was the most pronounced in 2020 when imports increased by 118% against the previous year. As a result, imports reached the peak of $53K. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. Iran (30.0 tons)
2. United Arab Emirates (3.5 tons)
3. India (1.2 tons)
4. Netherlands (0.7 tons)

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

In 2022, after two years of decline, there was decline in shipments abroad of iron ores and concentrates, non-agglomerated, when their volume decreased by 0% to 11 tons. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of 99.9% was in 2020.

In value terms, iron ore and concentrate, non-agglomerated exports amounted to $21K in 2022. In general, exports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2020.

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

1. Netherlands (5.7 tons)

Source: IndexBox Market Intelligence Platform