Report Update Nov 1, 2024

Sri Lanka - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Iron Ore Market 2021

Iron Ore Market Size in Sri Lanka

In 2019, the Sri Lankan iron ore market decreased by -X% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Iron Ore Production in Sri Lanka

In value terms, iron ore production amounted to $X in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, production attained the peak level in 2019 and is likely to see steady growth in the immediate term.

Iron Ore Exports

Exports from Sri Lanka

In 2019, after two years of decline, there was decline in overseas shipments of iron ores, when their volume decreased by X% to X kg. Over the period under review, exports faced a deep contraction. As a result, exports attained the peak of X tons. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, iron ore exports stood at $X in 2019. In general, exports faced a deep reduction. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

The Netherlands (X tons) was the main destination for iron ore exports from Sri Lanka, with a approx. X% share of total exports.

From 2007 to 2016, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2007 to 2016, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

In 2016, the average iron ore export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, export price attained the peak level of $X per ton. From 2009 to 2016, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2016, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Iron Ore Imports

Imports into Sri Lanka

In 2019, supplies from abroad of iron ores decreased by -X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. From 2018 to 2019, the growth imports failed to regain the momentum.

In value terms, iron ore imports totaled $X in 2019. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2010 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, India (X tons) was the main supplier of iron ore to Sri Lanka, with a approx. X% share of total imports.

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

In value terms, India ($X) constituted the largest supplier of iron ore to Sri Lanka.

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

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, growing by X% against the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, 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.

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. Australia ranked third in terms of total consumption 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, with a combined 70% share of global production.

What are the leading suppliers of iron ores to Sri Lanka?

In value terms, India constituted the largest supplier of iron ore to Sri Lanka.

What is the average export price for iron ores in Sri Lanka?

In 2016, the average iron ore export price amounted to $101 per ton, approximately equating the previous year.

What is the average import price for iron ores in Sri Lanka?

In 2019, the average iron ore import price amounted to $102 per ton, growing by 6.9% against the previous year.

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

Sri Lanka

Data coverage:

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