South-Eastern Asia: Iron Ore Market 2021

Iron Ore Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian iron ore market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption recorded prominent growth. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the immediate term.

Iron Ore Production in South-Eastern Asia

In value terms, iron ore production totaled $X in 2019 estimated in export prices. Overall, production posted a resilient increase. The growth pace was the most rapid in 2010 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Production By Country in South-Eastern Asia

The countries with the highest volumes of iron ore production in 2019 were Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons), with a combined X% share of total production.

From 2007 to 2019, the biggest increases were in Vietnam, while iron ore production for the other leaders experienced more modest paces of growth.

Iron Ore Exports

Exports in South-Eastern Asia

For the fifth year in a row, South-Eastern Asia recorded growth in overseas shipments of iron ores, which increased by X% to X tons in 2019. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. The volume of export peaked in 2019 and is expected to retain growth in years to come.

In value terms, iron ore exports skyrocketed to $X in 2019. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. The level of export peaked in 2019 and is likely to continue growth in the immediate term.

Exports by Country

Malaysia was the key exporter of iron ores in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2019. Indonesia (X tons) occupied the second position in the ranking, distantly followed by the Philippines (X tons). All these countries together took near X% share of total exports. The following exporters - Vietnam (X tons) and Lao People's Democratic Republic (X tons) - each reached a X% share of total exports.

Malaysia was also the fastest-growing in terms of the iron ores exports, with a CAGR of +X% from 2007 to 2019. At the same time, the Philippines (+X%), Lao People's Democratic Republic (+X%) and Indonesia (+X%) displayed positive paces of growth. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. Malaysia (+X p.p.) and the Philippines (+X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Indonesia saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest iron ore supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

In Indonesia, iron ore exports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the Philippines (+X% per year).

Export Prices by Country

The iron ore export price in South-Eastern Asia stood at $X per ton in 2019, increasing by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010 when the export price increased by X% y-o-y. Over the period under review, export prices attained the peak figure in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced mixed trends in the export price figures.

Iron Ore Imports

Imports in South-Eastern Asia

In 2019, overseas purchases of iron ores increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked in 2019 and is expected to retain growth in the near future.

In value terms, iron ore imports surged to $X in 2019. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Malaysia represented the major importer of iron ores in South-Eastern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2019. Vietnam (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by the Philippines (X%) and Indonesia (X%).

Imports into Malaysia increased at an average annual rate of +X% from 2007 to 2019. At the same time, Vietnam (+X%), Indonesia (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2019. Malaysia (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and the Philippines saw its share reduced by -X% and -X% from 2007 to 2019, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported iron ores in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Malaysia, iron ore imports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

In 2019, the iron ore import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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