Report Update Nov 1, 2024

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

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Austria: Iron Ore Market 2024

Iron Ore Market Size in Austria

The Austrian iron ore market reduced sharply to $X in 2021, waning by -15.7% against the previous year. In general, consumption recorded a deep downturn. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Iron Ore Production in Austria

In value terms, iron ore production fell sharply to $X in 2021 estimated in export price. In general, production, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2020 with an increase of 413%. As a result, production reached the peak level of $X, and then dropped rapidly in the following year.

Iron Ore Exports

Exports from Austria

In 2021, shipments abroad of iron ores and concentrates increased by 480% to X tons, rising for the third consecutive year after six years of decline. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 25,472%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, iron ore exports amounted to $X in 2021. Overall, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 when exports increased by 76,332%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Slovakia (X tons) was the main destination for iron ore exports from Austria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia totaled +482.5%.

In value terms, Slovakia ($X) also remains the key foreign market for iron ores and concentrates exports from Austria.

From 2012 to 2021, the average annual growth rate of value to Slovakia was relatively modest.

Export Prices by Country

The average iron ore export price stood at $X per ton in 2021, declining by -82.7% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 199%. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Slovenia amounted to -27.7% per year.

Iron Ore Imports

Imports into Austria

In 2019, overseas purchases of iron ores and concentrates were finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports, however, saw a slight curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 63% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, iron ore imports skyrocketed to $X in 2019. Overall, imports, however, showed a mild setback. The most prominent rate of growth was recorded in 2015 when imports increased by 54% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth of imports remained at a lower figure.

Imports by Country

In 2019, Ukraine (X tons) constituted the largest iron ore supplier to Austria, with a 76% share of total imports. Moreover, iron ore imports from Ukraine exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+150.9% per year) and Russia (+57.1% per year).

In value terms, Ukraine ($X) constituted the largest supplier of iron ores and concentrates to Austria, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Russia, with a 6.4% share.

From 2012 to 2019, the average annual growth rate of value from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+123.1% per year) and Russia (+64.9% per year).

Import Prices by Country

In 2019, the average iron ore import price amounted to $X per ton, increasing by 7.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15%. The import price peaked in 2019 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Russia (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores and concentrates in the world?

The countries with the highest volumes of iron ore consumption in 2020 were China, Australia and Russia, with a combined 74% share of global consumption.

What are the largest producers of iron ores and concentrates in the world?

Australia constituted the country with the largest volume of iron ore production, comprising approx. 48% 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 occupied by Russia, with a 15% share.

What are the leading suppliers of iron ores and concentrates to Austria?

In value terms, Ukraine constituted the largest supplier of iron ore to Austria, comprising 66% of total imports. The second position in the ranking was occupied by Germany, with a 16% share of total imports. It was followed by Sweden, with a 9.5% share.

What is the average export price for iron ores and concentrates in Austria?

The average iron ore export price stood at $1,255 per ton in 2020, falling by -99.5% against the previous year.

What is the average import price for iron ores and concentrates in Austria?

In 2019, the average iron ore import price amounted to $109 per ton, surging by 9.7% against the previous year.

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

Austria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Austria
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023