Report Update Nov 1, 2024

Peru - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Iron Ore Market 2021

Iron Ore Market Size in Peru

In 2019, the Peruvian iron ore market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a dramatic decrease. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Iron ore consumption peaked at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Iron Ore Production in Peru

In value terms, iron ore production shrank to $X in 2019 estimated in export prices. Overall, production posted a pronounced increase. The pace of growth was the most pronounced in 2010 when the production volume increased by X% year-to-year. Iron ore production peaked at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

Iron Ore Exports

Exports from Peru

Iron ore exports from Peru expanded markedly to X tons in 2019, surging by X% on the previous year's figure. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, iron ore exports shrank to $X in 2019. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for iron ore exports from Peru, accounting for a X% share of total exports. Moreover, iron ore exports to China exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to China amounted to +X%.

In value terms, China ($X) remains the key foreign market for iron ore exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to China stood at +X%.

Export Prices by Country

In 2019, the average iron ore export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price saw a mild contraction. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was China ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan.

Iron Ore Imports

Imports into Peru

For the eighth year in a row, Peru recorded decline in overseas purchases of iron ores, which decreased by -X% to X tons in 2019. Over the period under review, imports recorded a dramatic curtailment. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, iron ore imports fell to $X in 2019. Overall, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Germany (X tons) was the main iron ore supplier to Peru, accounting for a X% share of total imports. Moreover, iron ore imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Germany totaled +X%.

In value terms, Germany ($X) constituted the largest supplier of iron ore to Peru, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Germany totaled +X%.

Import Prices by Country

In 2019, the average iron ore import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The import price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per ton), while the price for Germany totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of iron ore consumption was China, accounting for 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The third position in this ranking was occupied by Australia, with a 6.1% share.

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

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, together comprising 70% of global production.

What are the leading suppliers of iron ores to Peru?

In value terms, Germany constituted the largest supplier of iron ore to Peru, comprising 86% of total imports. The second position in the ranking was occupied by Spain, with a 14% share of total imports.

What are the leading importers of iron ores from Peru?

In value terms, China remains the key foreign market for iron ore exports from Peru, comprising 96% of total exports. The second position in the ranking was occupied by Japan, with a 3.7% share of total exports.

What is the average export price for iron ores in Peru?

In 2019, the average iron ore export price amounted to $61 per ton, dropping by -18.4% against the previous year.

What is the average import price for iron ores in Peru?

The average iron ore import price stood at $1,238 per ton in 2019, picking up by 4.8% against the previous year.

This report provides an in-depth analysis of the iron ore market in Peru. 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 2025.

Product coverage:

Country coverage:

Peru

Data coverage:

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