Report Update May 1, 2025

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

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Italy: Iron Ore Market 2025

Iron Ore Market Size in Italy

In 2021, the Italian iron ore market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a drastic downturn. Iron ore consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Iron Ore Production in Italy

In value terms, iron ore production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a precipitous contraction. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Iron Ore Exports

Exports from Italy

In 2021, the amount of iron ores and concentrates exported from Italy shrank rapidly to X tons, which is down by -99.6% on 2020. Overall, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2020 with an increase of 115,527%. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, iron ore exports reduced markedly to $X in 2021. In general, exports saw a mild decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 19,515%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Spain (X tons) was the main destination for iron ore exports from Italy, with a 47% share of total exports. Moreover, iron ore exports to Spain exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Portugal (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+166.1% per year) and Portugal (+120.5% per year).

In value terms, Spain ($X) emerged as the key foreign market for iron ores and concentrates exports from Italy, comprising 46% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Portugal, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +65.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+60.4% per year) and Portugal (+84.4% per year).

Export Prices by Country

In 2021, the average iron ore export price amounted to $X per ton, picking up by 680% against the previous year. In general, the export price, however, saw a pronounced contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Greece (+0.4%), while the prices for the other major destinations experienced a decline.

Iron Ore Imports

Imports into Italy

In 2021, after two years of decline, there was significant growth in purchases abroad of iron ores and concentrates, when their volume increased by 22% to X tons. Overall, imports, however, showed a abrupt descent. Over the period under review, imports attained the maximum 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, however, showed a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Mauritania (X tons) and South Africa (X tons) were the main suppliers of iron ore imports to Italy, together comprising 87% of total imports. These countries were followed by Canada, Liberia, Russia and India, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +51.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron ore suppliers to Italy were Brazil ($X), South Africa ($X) and Mauritania ($X), with a combined 86% share of total imports. Canada, India, Russia and Liberia lagged somewhat behind, together comprising a further 12%.

Liberia, with a CAGR of +62.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average iron ore import price amounted to $X per ton, jumping by 69% against the previous year. Over the period under review, the import price showed noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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 remains the largest iron ore producing country worldwide, 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 Italy?

In value terms, the largest iron ore suppliers to Italy were Brazil, Mauritania and Canada, with a combined 73% share of total imports. Russia, South Africa, Ukraine and Liberia lagged somewhat behind, together comprising a further 27%.

What are the leading importers of iron ores and concentrates from Italy?

In value terms, the Netherlands emerged as the key foreign market for iron ore exports from Italy, comprising 72% of total exports. The second position in the ranking was occupied by Germany, with a 14% share of total exports. It was followed by Greece, with an 11% share.

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

The average iron ore export price stood at $63 per ton in 2020, dropping by -78% against the previous year.

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

In 2020, the average iron ore import price amounted to $105 per ton, with an increase of 51% against the previous year.

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

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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
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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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024