India - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Iron Ore Price Decreases to $41.5 per Ton
India Iron Ore Export Price in November 2022
In November 2022, the iron ore price stood at $41.5 per ton (FOB, India), falling by -1.7% against the previous month. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in February 2022 an increase of 31% m-o-m. As a result, the export price attained the peak level of $142 per ton. From March 2022 to November 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2022, the country with the highest price was China ($52.0 per ton), while the average price for exports to Qatar ($13.0 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+28.3%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Nov 2021 | Dec 2021 | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Price of Iron Ore in India (USD per ton) | |||||||||||||
| China | 160 | 112 | 108 | 145 | 78.0 | 80.0 | 69.0 | 37.0 | 47.0 | 47.0 | 37.0 | 30.0 | 52.0 |
| Kenya | N/A | N/A | N/A | N/A | 48.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14.0 |
| Qatar | N/A | 160 | 95.0 | N/A | 95.0 | N/A | N/A | N/A | N/A | 95.0 | N/A | 70.0 | 13.0 |
| Turkey | N/A | N/A | N/A | N/A | N/A | 204 | 191 | N/A | N/A | N/A | N/A | N/A | N/A |
| Netherlands | N/A | N/A | N/A | N/A | 188 | 181 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Croatia | N/A | N/A | N/A | N/A | 193 | 185 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Poland | N/A | N/A | N/A | N/A | 173 | 222 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Average | 122 | 112 | 108 | 142 | 115 | 119 | 88.1 | 54.3 | 48.2 | 49.7 | 34.0 | 42.2 | 41.5 |
India Iron Ore Export Prices by Type
As there is only one major exported type of iron ore, the average price level is determined by prices for iron ores and concentrates, non-agglomerated.
From November 2021 to November 2022, the rate of growth in terms of prices for iron ore and concentrate, non-agglomerated amounted to +2.3% per month.
India Iron Ore Exports
In November 2022, overseas shipments of iron ores and concentrates increased by 102% to 375K tons, rising for the second consecutive month after two months of decline. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in January 2022 with an increase of 336% m-o-m.
In value terms, iron ore exports skyrocketed to $16M (IndexBox estimates) in November 2022. In general, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in January 2022 when exports increased by 321% against the previous month.
India Iron Ore Exports by Type
Iron ores and concentrates, non-agglomerated (375K tons) was the largest type of iron ore exported from India, accounting for a approximately 100% share of total exports.
From November 2021 to November 2022, the average monthly growth rate of the volume of export of iron ores and concentrates, non-agglomerated stood at +18.2%.
In value terms, iron ores and concentrates, non-agglomerated ($16M) also remains the largest type of iron ore exported from India.
From November 2021 to November 2022, the average monthly rate of growth in terms of the export volume of iron ores and concentrates, non-agglomerated amounted to +20.9%.
India Iron Ore Exports by Country
China (271K tons) was the main destination for iron ore exports from India, with a 72% share of total exports. Moreover, iron ore exports to China exceeded the volume sent to the second major destination, Qatar (52K tons), fivefold.
From November 2021 to November 2022, the average monthly rate of growth in terms of volume to China amounted to +10.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Qatar (+252.6% per month) and Kenya (+232.4% per month).
In value terms, China ($14M) emerged as the key foreign market for iron ore exports from India, comprising 91% of total exports. The second position in the ranking was held by Kenya ($673K), with a 4.3% share of total exports.
From November 2021 to November 2022, the average monthly rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Kenya (+185.4% per month) and Qatar (+180.3% per month).
This report provides an in-depth analysis of the iron ore market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07101000 - Iron ores and concentrates (excluding roasted iron pyrites)
- Prodcom 07101010 -
- Prodcom 07101020 -
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
