Algeria: Iron Ore Market 2021

Iron Ore Market Size in Algeria

The Algerian iron ore market declined to $X in 2019, waning by -X% against the previous year. Over the period under review, consumption continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Iron Ore Production in Algeria

In value terms, iron ore production fell markedly to $X in 2019 estimated in export prices. In general, production showed a dramatic decline. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. Iron ore production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Iron Ore Exports

Exports from Algeria

In 2019, approx. X tons of iron ores were exported from Algeria; growing by X% on the previous year's figure. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tons in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, iron ore exports declined to $X in 2019. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for iron ore exports from Algeria, with a X% share of total exports. Moreover, iron ore exports to France exceeded the volume sent to the second major destination, China (X tons), threefold. Germany (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to France amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Germany (-X% per year).

In value terms, China ($X) remains the key foreign market for iron ore exports from Algeria, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Turkey (+X% per year).

Export Prices by Country

In 2019, the average iron ore export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Turkey ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Iron Ore Imports

Imports into Algeria

In 2019, supplies from abroad of iron ores increased by X% to X tons, rising for the third consecutive year after four years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, iron ore imports fell to $X in 2019. Overall, imports, however, showed a mild decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Brazil (X tons) and Turkey (X tons) were the main suppliers of iron ore imports to Algeria, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Sweden ($X) constituted the largest iron ore suppliers to Algeria, with a combined X% share of total imports.

In terms of the main suppliers, Chile (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Canada ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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