Report Update Nov 1, 2024

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

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Kazakhstan: Iron Ore Market 2024

Iron Ore Market Size in Kazakhstan

In 2021, after two years of growth, there was significant decline in the Kazakh iron ore market, when its value decreased by -22.4% to $X. In general, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Iron Ore Production in Kazakhstan

In value terms, iron ore production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by 9.4%. Iron ore production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron Ore Exports

Exports from Kazakhstan

In 2021, overseas shipments of iron ores and concentrates were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, iron ore exports surged to $X in 2021. In general, exports, however, continue to indicate a pronounced slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for iron ore exports from Kazakhstan, accounting for a 87% share of total exports. Moreover, iron ore exports to Russia exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia was relatively modest.

In value terms, Russia ($X) remains the key foreign market for iron ores and concentrates exports from Kazakhstan, comprising 90% of total exports. The second position in the ranking was taken by China ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +4.2%.

Export Prices by Country

In 2021, the average iron ore export price amounted to $X per ton, picking up by 74% against the previous year. Over the period under review, the export price posted a slight expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.9%).

Iron Ore Imports

Imports into Kazakhstan

In 2021, supplies from abroad of iron ores and concentrates decreased by -18.4% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 509%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, iron ore imports contracted to $X in 2021. Overall, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 221%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) was the main iron ore supplier to Kazakhstan, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Russia was relatively modest.

In value terms, Russia ($X) constituted the largest supplier of iron ores and concentrates to Kazakhstan.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at -4.1%.

Import Prices by Country

The average iron ore import price stood at $X per ton in 2021, rising by 4.8% against the previous year. In general, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -3.4% per year.

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, together accounting for 74% 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, accounting for 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 Kazakhstan?

In value terms, the largest iron ore suppliers to Kazakhstan were the United States and Russia.

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

In value terms, Russia remains the key foreign market for iron ore exports from Kazakhstan, comprising 88% of total exports. The second position in the ranking was occupied by China, with a 12% share of total exports.

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

In 2020, the average iron ore export price amounted to $72 per ton, picking up by 11% against the previous year.

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

In 2020, the average iron ore import price amounted to $84 per ton, dropping by -6.2% against the previous year.

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

Kazakhstan

Data coverage:

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