China - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Ore Price in China - 2023
Contents:
- Iron Ore Price in China (CIF) - 2023
- Iron Ore Price in China (FOB) - 2022
- Iron Ore Imports in China
- Iron Ore Exports in China
Iron Ore Price in China (CIF) - 2023
The average iron ore import price stood at $107 per ton in June 2023, declining by -8.5% against the previous month. Overall, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in February 2023 an increase of 11% m-o-m. Over the period under review, average import prices reached the peak figure at $129 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Peru ($129 per ton), while the price for India ($81.0 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (-0.6%), while the prices for the other major suppliers experienced a decline.
Iron Ore Price in China (FOB) - 2022
In 2022, the average iron ore export price amounted to $134 per ton, shrinking by -19.8% against the previous year. Over the period under review, the export price saw a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 61% against the previous year. Over the period under review, the average export prices reached the peak figure at $240 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($186 per ton), while the average price for exports to South Korea ($109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.1%), while the prices for the other major destinations experienced a decline.
Iron Ore Imports in China
In 2022, supplies from abroad of iron ores and concentrates decreased by -3.3% to 1,088M tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 9.4% against the previous year. As a result, imports attained the peak of 1,169M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, iron ore imports reduced markedly to $126.1B in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $182.6B, and then shrank notably in the following year.
| Import of Iron Ore in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 22.4 | 26.8 | 39.2 | 69.8 | 46.1% |
| Australia | 62.2 | 73.6 | 111 | 15.0 | -37.8% |
| South Africa | 4.4 | 5.0 | 7.2 | 13.1 | 43.9% |
| Peru | 1.5 | 1.6 | 3.5 | 7.3 | 69.5% |
| Chile | 0.7 | 1.6 | 2.6 | 4.2 | 81.7% |
| Ukraine | 1.6 | 3.2 | 3.6 | 2.3 | 12.9% |
| Mauritania | 0.6 | 0.9 | 1.3 | 2.3 | 56.5% |
| Sierra Leone | N/A | N/A | 0.2 | 1.6 | 700.0% |
| India | 2.3 | 4.1 | 4.8 | 0.8 | -29.7% |
| Others | 5.6 | 6.9 | 9.3 | 9.7 | 20.1% |
| Total | 101 | 124 | 183 | 126 | 7.7% |
Top Suppliers of Iron Ore to China in 2022:
- Brazil (628.6M tons)
- Australia (129.5M tons)
- South Africa (103.5M tons)
- Peru (51.4M tons)
- Chile (31.2M tons)
- Mauritania (20.6M tons)
- Sierra Leone (17.2M tons)
- Ukraine (13.5M tons)
- India (4.0M tons)
Iron Ore Exports in China
For the fourth year in a row, China recorded growth in shipments abroad of iron ores and concentrates, which increased by 3% to 24M tons in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, iron ore exports shrank significantly to $3.2B in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 140% against the previous year. As a result, the exports attained the peak of $3.9B, and then declined significantly in the following year.
| Export of Iron Ore in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,062 | 955 | 2,395 | 1,964 | 22.7% |
| Taiwan (Chinese) | 219 | 437 | 1,076 | 947 | 62.9% |
| South Korea | 117 | 143 | 358 | 160 | 11.0% |
| Vietnam | 0.1 | 36.7 | N/A | 108 | 926.0% |
| Others | 19.6 | 54.9 | 67.8 | 37.3 | 23.9% |
| Total | 1,419 | 1,627 | 3,897 | 3,217 | 31.4% |
Top Export Markets for Iron Ore from China in 2022:
- Japan (15.2M tons)
- Taiwan (Chinese) (6.7M tons)
- South Korea (1.5M tons)
- Vietnam (0.6M tons)
This report provides an in-depth analysis of the iron ore market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the iron ore market in China.
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This report provides an in-depth analysis of the iron ore market in China.
337
This report provides an in-depth analysis of the roasted iron pyrites market in China.
2134
This report provides an in-depth analysis of the global iron ore market.
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This report provides an in-depth analysis of the global iron ore market.
564
This report provides an in-depth analysis of the global roasted iron pyrites market.
633
This report provides an in-depth analysis of the iron ore market in China.
461
This report provides an in-depth analysis of the iron ore market in China.
337
This report provides an in-depth analysis of the roasted iron pyrites market in China.
2134
This report provides an in-depth analysis of the global iron ore market.
155
Iron Ore saw a significant growth rate in September 2023, increasing by 142% compared to the previous month. By December 2023, iron ore imports reached $12.4B in value.
511
In January 2023, Iron Ore imports recorded the most rapid growth, with a 14% increase month-to-month. By September 2023, the value of Iron Ore imports decreased to $10.8B.
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Explore the top import markets for iron ore, including China, Japan, South Korea, and more. Learn about the key statistics and import values of these countries. Discover valuable insights using the IndexBox market intelligence platform.
735
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
155
Iron Ore saw a significant growth rate in September 2023, increasing by 142% compared to the previous month. By December 2023, iron ore imports reached $12.4B in value.
511
In January 2023, Iron Ore imports recorded the most rapid growth, with a 14% increase month-to-month. By September 2023, the value of Iron Ore imports decreased to $10.8B.
1004
In value terms, ores and concentrates; n.e.c. in heading no. X imports totaled $X in 2016. In general, ores and concentrates; n.e.c. in heading no. X imports continue to indicate a remarkable...
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In value terms, ferrous products imports stood at $X in 2016. Overall, ferrous products imports continue to indicate a slight reduction. Over the period under review, global ferrous products import...
1148
In value terms, ferrous products exports stood at $X in 2016. Overall, ferrous products exports continue to indicate a abrupt deduction. Over the period under review, global ferrous products export...
1277
Global iron ore imports stood at X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 ...
