Report Update Apr 1, 2024

Puerto Rico - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Iron Ore Market 2024

Iron Ore Market Size in Puerto Rico

The Puerto Rican iron ore market amounted to less than $X in 2021, approximately mirroring 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 saw a relatively flat trend pattern.

Iron Ore Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of iron ores and concentrates were exported from Puerto Rico; remaining stable against 2020 figures. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, iron ore exports stood at less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

Australia represented the main exporting country with an export of about X tons, which reached 52% of total exports. It was distantly followed by Brazil (X tons), making up a 21% share of total exports. South Africa (X tons), Canada (X tons), Ukraine (X tons), India (X tons), Russia (X tons) and Sweden (X tons) took a minor share of total exports.

Australia was also the fastest-growing in terms of the iron ores and concentrates exports, with a CAGR of +5.8% from 2012 to 2021. At the same time, Canada (+5.2%), Ukraine (+3.0%), Russia (+2.9%), India (+2.6%), South Africa (+1.4%) and Brazil (+1.0%) displayed positive paces of growth. Sweden experienced a relatively flat trend pattern. From 2012 to 2021, the share of Australia increased by +8.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest iron ore supplier from Puerto Rico, comprising 52% of global exports. The second position in the ranking was taken by Brazil ($X), with a 20% share of global exports. It was followed by South Africa, with a 4.6% share.

In Australia, iron ore exports expanded at an average annual rate of +8.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+4.1% per year) and South Africa (+3.1% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+5.9%), while the other leaders experienced more modest paces of growth.

Iron Ore Imports

Imports into Puerto Rico

Iron ore imports into Puerto Rico amounted to less than X kg in 2021, remaining constant against 2020 figures. In general, imports showed a relatively flat trend pattern.

In value terms, iron ore imports amounted to less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

China prevails in imports structure, reaching X tons, which was near 69% of total imports in 2021. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together took near 12% share of total imports. The following importers - Germany (X tons), the Netherlands (X tons) and Taiwan (Chinese) (X tons) - each accounted for a 5.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to iron ore imports into China stood at +4.7%. At the same time, the Netherlands (+13.7%), Taiwan (Chinese) (+3.4%) and South Korea (+1.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +13.7% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Japan (-1.6%) illustrated a downward trend over the same period. While the share of China (+5.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Japan (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported iron ores and concentrates into Puerto Rico, comprising 71% of global imports. The second position in the ranking was taken by Japan ($X), with a 6.9% share of global imports. It was followed by South Korea, with a 4% share.

In China, iron ore imports increased at an average annual rate of +7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-0.7% per year) and South Korea (+0.9% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. In general, the import price saw a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and the Netherlands ($X per ton), while South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%), 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 the world?

China remains the largest iron ore consuming country worldwide, comprising approx. 39% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, Australia, twofold. The third position in this ranking was taken by Russia, with a 15% share.

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

Australia constituted the country with the largest volume of iron ore production, accounting for 47% of total volume. Moreover, iron ore production in Australia exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was held by Brazil, with a 15% share.

What are the leading suppliers of iron ores and concentrates to Puerto Rico?

In value terms, China constitutes the largest market for imported iron ores and concentrates into Puerto Rico, comprising 71% of global imports. The second position in the ranking was taken by Japan, with a 6.9% share of global imports. It was followed by South Korea, with a 4% share.

What are the leading importers of iron ores and concentrates from Puerto Rico?

In value terms, Australia remains the largest iron ore supplier from Puerto Rico, comprising 52% of global exports. The second position in the ranking was taken by Brazil, with a 20% share of global exports. It was followed by South Africa, with a 4.6% share.

What is the average export price for iron ores and concentrates in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, flattening at the previous year.

What is the average import price for iron ores and concentrates in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining stable against the previous year.

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

Puerto Rico

Data coverage:

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