France: Iron Ore Market 2024

Iron Ore Market Size in France

The French iron ore market surged to $X in 2021, picking up by 69% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Iron Ore Exports

Exports from France

In 2021, the amount of iron ores and concentrates exported from France rose to X tons, picking up by 4.9% against the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 227% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron ore exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), Germany (X tons) and Spain (X tons) were the main destinations of iron ore exports from France, together comprising 92% of total exports. These countries were followed by Italy and China, which together accounted for a further 3.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +26.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron ore exported from France were Belgium ($X), Spain ($X) and Germany ($X), with a combined 82% share of total exports. These countries were followed by China and Italy, which together accounted for a further 10%.

Among the main countries of destination, China, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron ore export price stood at $X per ton in 2021, growing by 17% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2017 an increase of 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Iron Ore Imports

Imports into France

In 2021, purchases abroad of iron ores and concentrates was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, iron ore imports skyrocketed to $X in 2021. In general, imports continue to indicate a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Brazil (X tons) and Liberia (X tons) were the main suppliers of iron ore imports to France, together comprising 90% of total imports. These countries were followed by Mauritania and the United States, which together accounted for a further 4.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Brazil ($X) and Liberia ($X) constituted the largest iron ore suppliers to France, together comprising 90% of total imports. The United States and Mauritania lagged somewhat behind, together accounting for a further 3.6%.

Among the main suppliers, the United States, with a CAGR of +32.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron ore import price stood at $X per ton in 2021, increasing by 58% against the previous year. Over the period under review, the import price continues to indicate a temperate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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