Latest Report Update: Oct 15, 2021

Latin America and the Caribbean - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Latin America and the Caribbean: Overview of the Market for Iron Ores And Concentrates 2021

Market Size for Iron Ores And Concentrates in Latin America and the Caribbean

The Latin American iron ore and concentrate market surged to $X in 2020, picking up by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Production of Iron Ores And Concentrates in Latin America and the Caribbean

In value terms, iron ore and concentrate production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of iron ore and concentrate production was Brazil (X tonnes), accounting for X% of total volume. Moreover, iron ore and concentrate production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tonnes), more than tenfold. Chile (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+X% per year) and Chile (+X% per year).

Exports of Iron Ores And Concentrates

Exports in Latin America and the Caribbean

In 2020, shipments abroad of iron ores and concentrates decreased by -X% to X tonnes, falling for the second year in a row after five years of growth. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, iron ore and concentrate exports soared to $X in 2020. Over the period under review, exports, however, recorded mild growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in iron ore and concentrate exports structure, reaching X tonnes, which was approx. X% of total exports in 2020. The following exporters - Peru (X tonnes) and Chile (X tonnes) - each finished at a X% share of total exports.

Exports from Brazil increased at an average annual rate of +X% from 2007 to 2020. At the same time, Peru (+X%) and Chile (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest iron ore and concentrate supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Brazil stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+X% per year) and Peru (+X% per year).

Export Prices by Country

In 2020, the iron ore and concentrate export price in Latin America and the Caribbean amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Chile ($X per tonne), while Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru, while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Ores And Concentrates

Imports in Latin America and the Caribbean

In 2020, supplies from abroad of iron ores and concentrates decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, iron ore and concentrate imports reduced rapidly to $X in 2020. Over the period under review, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Argentina (X tonnes) and Trinidad and Tobago (X tonnes) prevails in iron ore and concentrate imports structure, together committing X% of total imports. Venezuela (X tonnes), Bahamas (X tonnes) and Brazil (X tonnes) held a relatively small share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahamas, while imports for the other leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X), Argentina ($X) and Venezuela ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Brazil and Bahamas, which together accounted for a further X terms of the main importing countries, Bahamas recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the iron ore and concentrate import price in Latin America and the Caribbean amounted to $X per tonne, with an increase of X% against the previous year. Import price indicated a noticeable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron ore and concentrate import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Trinidad and Tobago ($X per tonne), while Bahamas ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores and concentrates in LatAmerica and the Caribbean?
+
The country with the largest volume of iron ore and concentrate consumption was Brazil (65M tonnes), comprising approx. 58% of total volume. Moreover, iron ore and concentrate consumption in Brazil exceeded the figures recorded by the second-largest consumer, Mexico (23M tonnes), threefold. The third position in this ranking was occupied by Venezuela (11M tonnes), with a 9.8% share.
What are the largest producers of iron ores and concentrates in LatAmerica and the Caribbean?
+
The country with the largest volume of iron ore and concentrate production was Brazil (400M tonnes), accounting for 85% of total volume. Moreover, iron ore and concentrate production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (23M tonnes), more than tenfold. Chile (16M tonnes) ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of iron ores and concentrates in LatAmerica and the Caribbean?
+
In value terms, Brazil ($25.8B) remains the largest iron ore and concentrate supplier in Latin America and the Caribbean, comprising 88% of total exports. The second position in the ranking was occupied by Chile ($1.6B), with a 5.5% share of total exports.
What are the leading importers of iron ores and concentrates in LatAmerica and the Caribbean?
+
In value terms, the largest iron ore and concentrate importing markets in Latin America and the Caribbean were Trinidad and Tobago ($448M), Argentina ($339M) and Venezuela ($30M), with a combined 93% share of total imports. Brazil and Bahamas lagged somewhat behind, together comprising a further 4.4%.
What is the average export price for iron ores and concentrates in LatAmerica and the Caribbean?
+
In 2020, the iron ore and concentrate export price in Latin America and the Caribbean amounted to $78 per tonne, with an increase of 20% against the previous year.
What is the average import price for iron ores and concentrates in LatAmerica and the Caribbean?
+
In 2020, the iron ore and concentrate import price in Latin America and the Caribbean amounted to $136 per tonne, with an increase of 19% against the previous year.

Product coverage:

This report provides an in-depth analysis of the market for iron ore and concentrate in Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

Solar Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global solar energy market.



Thursday, November 4th, 2021 @ 03:00 pm ET


Register

Wind Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global wind energy market.



Thursday, November 11th, 2021 @ 04:00 pm ET


Register

Biogas Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data