Report Update Apr 1, 2024

Czech Republic - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Czech Republic: Iron Ore Market 2021

Iron Ore Market Size in the Czech Republic

The Czech iron ore market contracted slightly to $X in 2019, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable shrinkage. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Iron Ore Exports

Exports from the Czech Republic

In 2019, shipments abroad of iron ores decreased by -X% to X tons, falling for the fourth year in a row after five years of growth. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, iron ore exports reduced rapidly to $X in 2019. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Spain (X tons) was the main destination for iron ore exports from the Czech Republic, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Spain stood at +X%.

In value terms, Spain ($X) also remains the key foreign market for iron ore exports from the Czech Republic.

From 2007 to 2019, the average annual rate of growth in terms of value to Spain totaled +X%.

Export Prices by Country

The average iron ore export price stood at $X per ton in 2019, surging by X% against the previous year. Overall, the export price showed a prominent increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2007 to 2019, the rate of growth in terms of prices for Spain amounted to -X% per year.

Iron Ore Imports

Imports into the Czech Republic

For the fourth consecutive year, the Czech Republic recorded decline in overseas purchases of iron ores, which decreased by -X% to X tons in 2019. Overall, imports recorded a mild setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at X tons in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, iron ore imports declined to $X in 2019. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Russia (X tons) constituted the largest iron ore supplier to the Czech Republic, accounting for a X% share of total imports. Moreover, iron ore imports from Russia exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), eightfold. Bulgaria (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and Bulgaria (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of iron ore to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Russia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and Poland (+X% per year).

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, falling by -X% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores in the world?

China constituted the country with the largest volume of iron ore consumption, comprising approx. 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The third position in this ranking was occupied by Australia, with a 6.1% share.

What are the largest producers of iron ores in the world?

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, with a combined 70% share of global production.

What are the leading suppliers of iron ores to the Czech Republic?

In value terms, Russia constituted the largest supplier of iron ore to the Czech Republic, comprising 67% of total imports. The second position in the ranking was occupied by Slovakia, with a 17% share of total imports. It was followed by Poland, with a 3.6% share.

What are the leading importers of iron ores from the Czech Republic?

In value terms, Spain remains the key foreign market for iron ore exports from the Czech Republic.

What is the average export price for iron ores in the Czech Republic?

The average iron ore export price stood at $339 per ton in 2019, increasing by 149% against the previous year.

What is the average import price for iron ores in the Czech Republic?

In 2019, the average iron ore import price amounted to $58 per ton, with a decrease of -3.8% against the previous year.

This report provides an in-depth analysis of the iron ore market in the Czech Republic. 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.

Product coverage:

Country coverage:

Czech Republic

Data coverage:

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