Report World - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
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World - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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Global Iron Ore Market 2022

Iron Ore Market Size

In 2021, the global iron ore market increased by X% to $X, rising for the fifth year in a row after three years of decline. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. Global consumption peaked in 2021 and is likely to continue growth in years to come.

Iron Ore Production

In value terms, iron ore production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Global production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Iron Ore Exports

Exports

In 2021, overseas shipments of iron ores and concentrates increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the global exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, iron ore exports skyrocketed to $X in 2021. In general, exports saw a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia was the main exporter of iron ores and concentrates in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2021. It was distantly followed by Brazil (X tons), generating a X% share of total exports. South Africa (X tons), Canada (X tons), Ukraine (X tons), India (X tons) and Russia (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the iron ores and concentrates exports, with a CAGR of +X% from 2012 to 2021. At the same time, Canada (+X%), Ukraine (+X%), Russia (+X%) and Brazil (+X%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, South Africa (-X%) illustrated a downward trend over the same period. While the share of Australia (+X p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Africa (-X p.p.) and Brazil (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest iron ore supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Brazil ($X), with a X% share of global exports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Canada (+X% per year).

Export Prices by Country

The average iron ore export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Iron Ore Imports

Imports

In 2021, purchases abroad of iron ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, iron ore imports soared to $X in 2021. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates imports structure, reaching X tons, which was near X% of total imports in 2021. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%). The following importers - Germany (X tons) and the Netherlands (X tons) - each recorded a X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, the Netherlands (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +X percentage points. Japan (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported iron ores and concentrates worldwide, comprising X% of global imports. The second position in the ranking was held by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2021, the average iron ore import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price showed a modest increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores and concentrates in the world?
+
China constituted the country with the largest volume of iron ore consumption, comprising approx. 38% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, Australia, twofold. Russia ranked third in terms of total consumption with a 14% share.
What are the largest producers of iron ores and concentrates in the world?
+
The country with the largest volume of iron ore production was Australia, accounting for 46% of total volume. Moreover, iron ore production in Australia exceeded the figures recorded by the second-largest producer, Brazil, threefold. The third position in this ranking was taken by Russia, with a 15% share.
What are the leading exporters of iron ores and concentrates in the world?
+
In value terms, Australia remains the largest iron ore supplier worldwide, comprising 54% of global exports. The second position in the ranking was taken by Brazil, with a 21% share of global exports. It was followed by Canada, with a 3.8% share.
What are the leading importers of iron ores and concentrates in the world?
+
In value terms, China constitutes the largest market for imported iron ores and concentrates worldwide, comprising 72% of global imports. The second position in the ranking was held by Japan, with a 7.1% share of global imports. It was followed by Germany, with a 2.8% share.
What is the average export price for iron ores and concentrates in the world?
+
In 2021, the average iron ore export price amounted to $127 per ton, increasing by 43% against the previous year.
What is the average import price for iron ores and concentrates in the world?
+
In 2021, the average iron ore import price amounted to $154 per ton, picking up by 53% against the previous year.

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

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Company coverage:
Vale, Rio Tinto, BHP, Fortescue Metals Group, Anglo American, Astra Resources, Eurasian Natural Resources Corporation, Exxaro, Ferrexpo, Ferrous Resources, Glencore, Great Snaefell Mining Company, IRC Limited, Ingulets Iron Ore dressing Works, Kumba Iron Ore, LKAB, Maughold Head Mining Company, Mobarakeh Steel Company, Northland Resources, Severstal, Stoilensky GOK

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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
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, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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