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EU - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights
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Iron Ore Market Size in the EU
The EU iron ore market declined to $X in 2019, falling by -X% against the previous year. In general, consumption showed a noticeable decrease. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.
Iron Ore Production in the EU
In value terms, iron ore production rose significantly to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.
Production By Country in the EU
Sweden (X tons) remains the largest iron ore producing country in the European Union, accounting for X% of total volume. Moreover, iron ore production in Sweden exceeded the figures recorded by the second-largest producer, Austria (X tons), ninefold.
From 2007 to 2019, the average annual rate of growth in terms of volume in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Austria (+X% per year) and Germany (+X% per year).
Iron Ore Exports
Exports in the EU
In 2019, shipments abroad of iron ores decreased by -X% to X tons for the first time since 2015, thus ending a three-year rising trend. Total exports indicated moderate growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. The volume of export peaked at X tons in 2018, and then shrank in the following year.
In value terms, iron ore exports expanded notably to $X in 2019. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.
Exports by Country
Sweden was the major exporter of iron ores in the European Union, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2019. It was distantly followed by Finland (X tons), comprising a X% share of total exports.
Exports from Sweden increased at an average annual rate of +X% from 2007 to 2019. At the same time, Finland (+X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2019. Finland (+X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -X% from 2007 to 2019, respectively.
In value terms, Sweden ($X) remains the largest iron ore supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports.
From 2007 to 2019, the average annual growth rate of value in Sweden totaled +X%.
Export Prices by Country
In 2019, the iron ore export price in the European Union amounted to $X per ton, jumping by X% against the previous year. Export price indicated noticeable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, iron ore export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Finland.
Iron Ore Imports
Imports in the EU
In 2019, iron ore imports in the European Union contracted to X tons, declining by -X% on 2018 figures. In general, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.
In value terms, iron ore imports reached $X in 2019. Over the period under review, imports showed a slight downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The level of import peaked at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.
Imports by Country
In 2019, Germany (X tons) represented the main importer of iron ores, mixing up X% of total imports. France (X tons) held the second position in the ranking, followed by the Netherlands (X tons), the UK (X tons), Poland (X tons), Belgium (X tons), Slovakia (X tons), Spain (X tons), the Czech Republic (X tons) and Italy (X tons). All these countries together held approx. X% share of total imports.
Imports into Germany decreased at an average annual rate of -X% from 2007 to 2019. Slovakia and Spain experienced a relatively flat trend pattern. Poland (-X%), the Czech Republic (-X%), the Netherlands (-X%), Belgium (-X%), France (-X%), the UK (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of Germany (+X p.p.) and Slovakia (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of the UK (-X p.p.) and Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($X) constitutes the largest market for imported iron ores in the European Union, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value in Germany amounted to +X%. In the other countries, the average annual rates were as follows: France (-X% per year) and the Netherlands (-X% per year).
Import Prices by Country
The iron ore import price in the European Union stood at $X per ton in 2019, rising by X% against the previous year. Import price indicated a noticeable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, iron ore import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2012 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Germany ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the iron ore market in the EU. 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.
Product coverage:
Country coverage:
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in the EU, split by region and country
- Trade (exports and imports) in the EU
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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