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Australia - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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Australia: Overview of the Market for Iron Ores And Concentrates 2021

Market Size for Iron Ores And Concentrates in Australia

In 2020, the Australian iron ore and concentrate market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Production of Iron Ores And Concentrates in Australia

In value terms, iron ore and concentrate production rose remarkably to $X in 2020 estimated in export prices. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Iron ore and concentrate production peaked in 2020 and is likely to see gradual growth in the near future.

Exports of Iron Ores And Concentrates

Exports from Australia

In 2020, approx. X tonnes of iron ores and concentrates were exported from Australia; with an increase of X% on the year before. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, iron ore and concentrate exports skyrocketed to $X in 2020. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in years to come.

Exports by Country

China (X tonnes) was the main destination for iron ore and concentrate exports from Australia, accounting for a X% share of total exports. Moreover, iron ore and concentrate exports to China exceeded the volume sent to the second major destination, South Korea (X tonnes), more than tenfold. Japan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The average iron ore and concentrate export price stood at $X per tonne in 2020, jumping by X% against the previous year. In general, the export price enjoyed moderate growth. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to Singapore ($X per tonne) and Hong Kong SAR ($X per tonne), while the average price for exports to South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Ores And Concentrates

Imports into Australia

In 2020, the amount of iron ores and concentrates imported into Australia fell sharply to X tonnes, waning by -X% compared with 2019. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2011 to 2020, the growth imports remained at a lower figure.

In value terms, iron ore and concentrate imports declined markedly to $X in 2020. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2011 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Mauritania (X tonnes) constituted the largest iron ore and concentrate supplier to Australia, accounting for a X% share of total imports. Moreover, iron ore and concentrate imports from Mauritania exceeded the figures recorded by the second-largest supplier, South Africa (X tonnes), eightfold.

From 2007 to 2020, the average annual growth rate of volume from Mauritania amounted to -X%.

In value terms, Mauritania ($X) constituted the largest supplier of iron ore and concentrate to Australia, comprising X% of total imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Mauritania stood at -X%.

Import Prices by Country

The average iron ore and concentrate import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the import price saw a pronounced expansion. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum in 2020 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Mauritania ($X per tonne), while the price for South Africa amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mauritania.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores and concentrates in the world?
+
China (1,493M tonnes) constituted the country with the largest volume of iron ore and concentrate consumption, comprising approx. 61% of total volume. Moreover, iron ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, India (178M tonnes), eightfold. The third position in this ranking was occupied by Brazil (106M tonnes), with a 4.4% share.
What are the largest producers of iron ores and concentrates in the world?
+
Australia (900M tonnes) remains the largest iron ore and concentrate producing country worldwide, comprising approx. 37% of total volume. Moreover, iron ore and concentrate production in Australia exceeded the figures recorded by the second-largest producer, Brazil (400M tonnes), twofold. The third position in this ranking was occupied by China (340M tonnes), with a 14% share.
What are the leading suppliers of iron ores and concentrates to Australia?
+
In value terms, Mauritania ($93M) constituted the largest supplier of iron ore and concentrate to Australia, comprising 95% of total imports. The second position in the ranking was occupied by South Africa ($5.3M), with a 5.4% share of total imports.
What are the leading importers of iron ores and concentrates from Australia?
+
In value terms, China ($64.3B) remains the key foreign market for iron ore and concentrate exports from Australia, comprising 80% of total exports. The second position in the ranking was occupied by Japan ($4.6B), with a 5.7% share of total exports. It was followed by South Korea, with a 5.6% share.
What is the average export price for iron ores and concentrates in Australia?
+
In 2020, the average iron ore and concentrate export price amounted to $92 per tonne, rising by 16% against the previous year.
What is the average import price for iron ores and concentrates in Australia?
+
In 2020, the average iron ore and concentrate import price amounted to $102 per tonne, picking up by 48% against the previous year.

Product coverage:

This report provides an in-depth analysis of the market for iron ore and concentrate in Australia. 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 2025.


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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