India - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIron Ore Price in India - 2023
Contents:
- Iron Ore Price in India (FOB) - 2023
- Iron Ore Price in India (CIF) - 2023
- Iron Ore Exports in India
- Iron Ore Imports in India
Iron Ore Price in India (FOB) - 2023
The average iron ore export price stood at $73.4 per ton in July 2023, with an increase of 3.5% against the previous month. In general, the export price showed a noticeable expansion. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 71% against the previous month. Over the period under review, the average export prices attained the maximum at $87.4 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($118 per ton), while the average price for exports to China stood at $73.0 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+40.8%).
Iron Ore Price in India (CIF) - 2023
In July 2023, the average iron ore import price amounted to $98.6 per ton, with a decrease of -8.5% against the previous month. Overall, the import price showed a perceptible decline. The pace of growth appeared the most rapid in November 2022 an increase of 218% m-o-m. The import price peaked at $337 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($135 per ton), while the price for Australia ($88.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Iron Ore Exports in India
In 2022, exports of iron ores and concentrates from India expanded markedly to 38M tons, with an increase of 7.7% on 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 68%. As a result, the exports attained the peak of 52M tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron ore exports declined rapidly to $3.3B in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.
Export of Iron Ore in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,809 | 3,376 | 3,393 | 2,839 | 16.2% |
Japan | 169 | 176 | 76.4 | 125 | -9.6% |
South Korea | 117 | 52.9 | 138 | 115 | -0.6% |
Oman | 79.6 | 75.4 | 123 | 88.5 | 3.6% |
Others | 183 | 194 | 429 | 82.1 | -23.4% |
Total | 2,358 | 3,875 | 4,159 | 3,250 | 11.3% |
Top Export Markets for Iron Ore from India in 2022:
- China (34.6M tons)
- Japan (1.6M tons)
- South Korea (0.9M tons)
- Oman (0.4M tons)
Iron Ore Imports in India
In 2022, the amount of iron ores and concentrates imported into India fell dramatically to 2.3M tons, with a decrease of -56.8% on the previous year. Overall, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 639% against the previous year. As a result, imports attained the peak of 5.3M tons, and then dropped dramatically in the following year.
In value terms, iron ore imports dropped rapidly to $216M in 2022. Over the period under review, imports, however, posted a perceptible increase. The growth pace was the most rapid in 2021 when imports increased by 260% against the previous year. As a result, imports reached the peak of $372M, and then contracted remarkably in the following year.
Import of Iron Ore in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 88.4 | 20.8 | 100 | 111 | 7.9% |
Australia | 32.8 | 8.0 | 81.8 | 91.0 | 40.5% |
France | N/A | 0.1 | 0.2 | 10.3 | 914.9% |
Brazil | 45.3 | N/A | 190 | N/A | 104.8% |
Others | 23.2 | 74.4 | 0.2 | 3.6 | -46.3% |
Total | 190 | 103 | 372 | 216 | 4.4% |
Top Suppliers of Iron Ore to India in 2022:
- Australia (1557.5K tons)
- South Africa (616.8K tons)
- France (109.3K tons)
This report provides an in-depth analysis of the iron ore market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
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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
This report provides an in-depth analysis of the iron ore market in India.
This report provides an in-depth analysis of the iron ore market in India.
This report provides an in-depth analysis of the roasted iron pyrites market in India.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global iron ore market.
This report provides an in-depth analysis of the global roasted iron pyrites market.
This report provides an in-depth analysis of the iron ore market in India.
This report provides an in-depth analysis of the iron ore market in India.
This report provides an in-depth analysis of the roasted iron pyrites market in India.
This report provides an in-depth analysis of the global iron ore market.
In November 2022, the world iron ore price was $41.5 per ton (FOB, India), down 1.7% compared to the previous month.
In September 2022, the iron ore price amounted to $34.0 per ton (FOB, India), dropping by -31.5% against the previous month.
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.
Iron ore prices are forecast to drop by 20% y/y to $130 per ton in 2022 due to rising global production.
In November 2022, the world iron ore price was $41.5 per ton (FOB, India), down 1.7% compared to the previous month.
In September 2022, the iron ore price amounted to $34.0 per ton (FOB, India), dropping by -31.5% against the previous month.
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