Report Update: Apr 24, 2024

Italy - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights

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Iron Ore Price in Italy - 2023

Iron Ore Price in Italy (CIF) - 2023

The average iron ore import price stood at $154 per ton in June 2023, increasing by 3.4% against the previous month. In general, the import price, however, recorded a mild slump. The growth pace was the most rapid in February 2023 when the average import price increased by 16% month-to-month. The import price peaked at $192 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Brazil ($162 per ton), while the price for Mauritania amounted to $124 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.3%), while the prices for the other major suppliers experienced a decline.

Iron Ore Price in Italy (FOB) - 2022

In 2022, the average iron ore export price amounted to $240 per ton, dropping by -35.2% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 680%. The export price peaked at $1,035 per ton in 2015; however, from 2016 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 France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -13.9% per year.

Iron Ore Imports in Italy

In 2022, approx. 5.1M tons of iron ores and concentrates were imported into Italy; which is down by -22.7% compared with the year before. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports reached the peak of 6.6M tons, and then contracted markedly in the following year.

In value terms, iron ore imports shrank significantly to $810M in 2022. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2021 when imports increased by 106%. As a result, imports reached the peak of $1.2B, and then dropped rapidly in the following year.

Import of Iron Ore in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	289	208	506	335	5.0%
Mauritania	145	159	241	180	7.5%
South Africa	135	43.4	270	127	-2.0%
India	4.7	22.2	49.5	59.8	133.5%
Canada	61.9	70.8	50.1	30.8	-20.8%
Russia	15.7	36.5	33.0	25.2	17.1%
Liberia	7.1	12.1	12.1	7.2	0.5%
Others	13.6	23.8	26.0	45.3	49.3%
Total	672	577	1,188	810	6.4%

Top Suppliers of Iron Ore to Italy in 2022:

Brazil (2191.3K tons)
Mauritania (1435.3K tons)
South Africa (663.4K tons)
Canada (218.9K tons)
India (160.8K tons)
Liberia (156.8K tons)
Russia (133.9K tons)

Iron Ore Exports in Italy

In 2022, approx. 13K tons of iron ores and concentrates were exported from Italy; increasing by 6,825% compared with the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 115,527% against the previous year. As a result, the exports reached the peak of 45K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron ore exports soared to $3.1M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 19,515% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Iron Ore in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1.1	2.6	5.9	3,054	1305.5%
Netherlands	N/A	1,704	N/A	1.5	-97.0%
Austria	N/A	11.7	N/A	N/A	0%
Others	9.7	408	62.2	0.7	-58.4%
Total	10.8	2,126	68.1	3,056	556.5%

Top Export Markets for Iron Ore from Italy in 2022:

Netherlands (undefinedK tons)
France (12.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron ore market in Italy. 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:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023