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Report Australia and Oceania - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia and Oceania - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Iron Ore Market 2024

Iron Ore Market Size in Australia and Oceania

In 2021, the iron ore market in Australia and Oceania decreased by -17.2% to $X for the first time since 2014, thus ending a six-year rising trend. Over the period under review, consumption, however, saw a significant increase. The level of consumption peaked at $X in 2020, and then reduced sharply in the following year.

Iron Ore Production in Australia and Oceania

In value terms, iron ore production declined to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 60% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Iron Ore Exports

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in shipments abroad of iron ores and concentrates, which increased by 0.2% to X tons in 2021. The total export volume increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 24%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, iron ore exports soared to $X in 2021. In general, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Australia (X tons), together amounting to 100% of total export.

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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest iron ore supplier in Australia and Oceania.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +8.3%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 45% against the previous year. Over the period under review, the export price showed a measured expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +2.3% per year.

Iron Ore Imports

Imports in Australia and Oceania

In 2021, the amount of iron ores and concentrates imported in Australia and Oceania rose modestly to X tons, growing by 3.3% on 2020 figures. Over the period under review, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2014 with an increase of 276%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, iron ore imports soared to $X in 2021. In general, imports saw a measured increase. The pace of growth was the most pronounced in 2014 when imports increased by 408%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of iron ore imports in 2021 were Australia (X tons), together reaching 100% of total import.

Australia was also the fastest-growing in terms of the iron ores and concentrates imports, with a CAGR of -4.4% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported iron ores and concentrates in Australia and Oceania.

In Australia, iron ore imports expanded at an average annual rate of +3.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, jumping by 41% against the previous year. In general, the import price recorded strong growth. The pace of growth appeared the most rapid in 2017 when the import price increased by 45% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +7.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Australia constituted the country with the largest volume of iron ore consumption, comprising approx. 100% of total volume.
The country with the largest volume of iron ore production was Australia, accounting for 100% of total volume.
In value terms, Australia remains the largest iron ore supplier in Australia and Oceania.
In value terms, Australia constitutes the largest market for imported iron ores and concentrates in Australia and Oceania.
The iron ore export price in Australia and Oceania stood at $92 per ton in 2020, picking up by 16% against the previous year.
In 2020, the iron ore import price in Australia and Oceania amounted to $112 per ton, picking up by 20% against the previous year.

This report provides an in-depth analysis of the iron ore market in Australia and Oceania. 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:

  • Australia
  • Cook Islands
  • Fiji
  • French Polynesia
  • Kiribati
  • Marshall Islands
  • Micronesia
  • New Caledonia
  • New Zealand
  • Northern Mariana Islands
  • Palau
  • Papua New Guinea
  • Samoa
  • Solomon Islands
  • Tokelau
  • Tonga
  • Tuvalu
  • Vanuatu
  • Wallis and Futuna Islands
  • American Samoa
  • Nauru
  • Niue
  • Guam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Australia and Oceania, split by region and country
  • Trade (exports and imports) in Australia and Oceania
  • 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:

  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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Australia
    • Cook Islands
    • Fiji
    • French Polynesia
    • Kiribati
    • Marshall Islands
    • Micronesia
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Palau
    • Papua New Guinea
    • Samoa
    • Solomon Islands
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Wallis and Futuna Islands
    • American Samoa
    • Nauru
    • Niue
    • Guam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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