U.S. - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIron Ore Price in the United States - 2023
Contents:
- Iron Ore Price in the United States (FOB) - 2022
- Iron Ore Price in the United States (CIF) - 2022
- Iron Ore Exports in the United States
- Iron Ore Imports in the United States
Iron Ore Price in the United States (FOB) - 2022
The average iron ore export price stood at $93 per ton in 2022, increasing by 4.6% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2019 when the average export price increased by 17%. The export price peaked at $134 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($126 per ton), while the average price for exports to Mexico ($36 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Iron Ore Price in the United States (CIF) - 2022
In 2022, the average iron ore import price amounted to $200 per ton, shrinking by -2.5% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron ore import price increased by +122.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 69%. As a result, import price reached the peak level of $205 per ton, and then shrank slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($206 per ton), while the price for Australia ($70 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Iron Ore Exports in the United States
In 2022, approx. 9.5M tons of iron ores and concentrates were exported from the United States; with a decrease of -34.7% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 42%. As a result, the exports reached the peak of 15M tons, and then shrank significantly in the following year.
In value terms, iron ore exports contracted notably to $888M in 2022. In general, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports attained the peak of $1.3B, and then dropped markedly in the following year.
| Export of Iron Ore in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 785 | 617 | 789 | 715 | -3.1% |
| Netherlands | N/A | 8.5 | 23.8 | 37.7 | 110.6% |
| France | N/A | N/A | N/A | 34.7 | 0% |
| China | N/A | 21.2 | 237 | 33.6 | 25.9% |
| Brazil | N/A | 0.8 | N/A | 17.8 | 371.7% |
| Spain | 1.3 | 3.7 | 41.9 | 17.2 | 136.5% |
| Japan | 151 | 128 | 89.5 | 9.9 | -59.7% |
| Slovakia | N/A | 57.0 | 19.0 | N/A | -66.7% |
| Others | 51.6 | 17.1 | 99.7 | 22.3 | -24.4% |
| Total | 989 | 853 | 1,300 | 888 | -3.5% |
Top Export Markets for Iron Ore from the United States in 2022:
- Canada (7.6M tons)
- Netherlands (0.4M tons)
- France (0.4M tons)
- China (0.3M tons)
- Spain (0.3M tons)
- Brazil (0.2M tons)
- Japan (0.2M tons)
Iron Ore Imports in the United States
In 2022, approx. 7.1M tons of iron ores and concentrates were imported into the United States; surging by 30% compared with the previous year. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron ore imports skyrocketed to $1.4B in 2022. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Iron Ore in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 423 | 245 | 479 | 431 | 0.6% |
| Sweden | 88.8 | 108 | 139 | 369 | 60.8% |
| Canada | 218 | 176 | 294 | 331 | 14.9% |
| Chile | 14.5 | 13.8 | 35.0 | 103 | 92.2% |
| Australia | 1.2 | 3.0 | 1.1 | 23.0 | 167.6% |
| Ukraine | N/A | 23.7 | 67.7 | 13.4 | -24.8% |
| Russia | 52.4 | 9.3 | 10.4 | N/A | -55.4% |
| Others | 43.4 | 39.1 | 96.9 | 150 | 51.2% |
| Total | 842 | 619 | 1,124 | 1,421 | 19.1% |
Top Suppliers of Iron Ore to the United States in 2022:
- Sweden (2.2M tons)
- Brazil (2.1M tons)
- Canada (1.6M tons)
- Chile (0.5M tons)
- Australia (0.3M tons)
- Ukraine (0.1M tons)
This report provides an in-depth analysis of the iron ore market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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
455
This report provides an in-depth analysis of the iron ore market in the U.S..
507
This report provides an in-depth analysis of the iron ore market in the U.S..
392
This report provides an in-depth analysis of the roasted iron pyrites market in the U.S..
2134
This report provides an in-depth analysis of the global iron ore market.
1212
This report provides an in-depth analysis of the global iron ore market.
564
This report provides an in-depth analysis of the global roasted iron pyrites market.
455
This report provides an in-depth analysis of the iron ore market in the U.S..
507
This report provides an in-depth analysis of the iron ore market in the U.S..
392
This report provides an in-depth analysis of the roasted iron pyrites market in the U.S..
2134
This report provides an in-depth analysis of the global iron ore market.
546
In June 2022, the iron ore price per ton amounted to $107 per ton, picking up by 18% against the previous month.
420
In May 2022, the iron ore price per ton amounted to $208 (CIF, US), picking up by 17% against the previous month.
493
Explore the top import markets for iron ore, including China, Japan, South Korea, and more. Learn about the key statistics and import values of these countries. Discover valuable insights using the IndexBox market intelligence platform.
735
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
546
In June 2022, the iron ore price per ton amounted to $107 per ton, picking up by 18% against the previous month.
420
In May 2022, the iron ore price per ton amounted to $208 (CIF, US), picking up by 17% against the previous month.
1004
In value terms, ores and concentrates; n.e.c. in heading no. X imports totaled $X in 2016. In general, ores and concentrates; n.e.c. in heading no. X imports continue to indicate a remarkable...
947
In value terms, ferrous products imports stood at $X in 2016. Overall, ferrous products imports continue to indicate a slight reduction. Over the period under review, global ferrous products import...
1148
In value terms, ferrous products exports stood at $X in 2016. Overall, ferrous products exports continue to indicate a abrupt deduction. Over the period under review, global ferrous products export...
1277
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
