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

Contents:

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

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

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $70 per ton, rising by 17% against the previous year. Overall, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 180% against the previous year. The import price peaked at $553 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 -5.2% per year.

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

The average export price for iron ores and concentrates, non-agglomerated stood at $43 per ton in 2022, shrinking by -1.8% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 decreased by -42.1% against 2018 indices. The growth pace was the most rapid in 2016 when the average export price increased by 52%. The export price peaked at $75 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 +1.0% per year.

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

In 2022, approx. 509 tons of iron ores and concentrates, non-agglomerated were imported into Myanmar; with a decrease of -34% on the previous year's figure. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 213%. As a result, imports attained the peak of 771 tons, and then reduced markedly in the following year.

In value terms, iron ore and concentrate, non-agglomerated imports shrank dramatically to $36K in 2022. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year.

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

1. China (508.6 tons)

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

After three years of growth, shipments abroad of iron ores and concentrates, non-agglomerated decreased by -23.3% to 1.1M tons in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 4,587%.

In value terms, iron ore and concentrate, non-agglomerated exports shrank markedly to $47M in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 3,392%.

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

1. China (1079.8K tons)

Source: IndexBox Market Intelligence Platform