Southern Asia: Iron Ore Market 2021

Iron Ore Market Size in Southern Asia

In 2019, after three years of growth, there was significant decline in the South Asian iron ore market, when its value decreased by -X% to $X. The total consumption indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2018, and then reduced in the following year.

Iron Ore Production in Southern Asia

In value terms, iron ore production totaled $X in 2019 estimated in export prices. The total production indicated a slight expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Production By Country in Southern Asia

India (X tons) remains the largest iron ore producing country in Southern Asia, comprising approx. X% of total volume.

From 2007 to 2019, the average annual rate of growth in terms of volume in India was relatively modest.

Iron Ore Exports

Exports in Southern Asia

In 2019, exports of iron ores in Southern Asia skyrocketed to X tons, jumping by X% against the previous year. In general, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, iron ore exports surged to $X in 2019. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

Exports by Country

The biggest shipments were from India (X tons), together accounting for X% of total export.

India was also the fastest-growing in terms of the iron ores exports, with a CAGR of -X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest iron ore supplier in Southern Asia.

In India, iron ore exports contracted by an average annual rate of -X% over the period from 2007-2019.

Export Prices by Country

The iron ore export price in Southern Asia stood at $X per ton in 2019, with an increase of X% against the previous year. In general, the export price enjoyed a slight increase. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2019, the rate of growth in terms of prices for India amounted to +X% per year.

Iron Ore Imports

Imports in Southern Asia

After five years of growth, supplies from abroad of iron ores decreased by -X% to X tons in 2019. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, iron ore imports shrank notably to $X in 2019. Overall, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

India prevails in iron ore imports structure, recording X tons, which was near X% of total imports in 2019. Nepal (X tons) and Pakistan (X tons) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2019. At the same time, Nepal (+X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2019. By contrast, Pakistan (-X%) illustrated a downward trend over the same period. India (+X p.p.) and Nepal (+X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, India ($X) constitutes the largest market for imported iron ores in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports.

In India, iron ore imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Pakistan (-X% per year) and Nepal (+X% per year).

Import Prices by Country

The iron ore import price in Southern Asia stood at $X per ton in 2019, rising by X% against the previous year. Overall, the import price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2012 when the import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2013 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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