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Global Iron Ore Market (Production, Demand, Export and Import): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

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    Report

  • 128 Pages
  • March 2022
  • Region: Global
  • Koncept Analytics
  • ID: 5560009
10% Free customization
10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

The global iron ore production is forecasted to reach 3.17 billion metric tonnes in 2026, experiencing growth at a CAGR of 5.59% during the period spanning from 2022 to 2026. Growth in the global iron ore market was supported by factors such as increasing production of crude steel, escalating urban population, upsurge in GDP, accelerating consumer durables industry. However, the market growth would be challenged by trade war and increased prices of raw materials, and huge capital requirements. The market is anticipated to experience certain trends like mining technology, increasing demand for light vehicles for automotive steel, and rising demand for low grade iron ore.




The global iron ore demand from blast furnaces & DRI is predicted to grow at a CAGR of 4.14%. In 2026, the demand is expected to reach 2.94 billion metric tonnes. COVID-19 pandemic triggered acute declines in iron ore prices, mainly due to a collapse in iron ore demand. Short- and long-term supply were also disrupted by mine closures and a wave of capital spending cuts in the mining sector.

The global iron ore production can be segmented into the following regions: Oceania, Asia, South America, Middle East & Africa, North America, European Union (27+UK), and Others. Iron ore supplies are set to recover strongly in 2022. Vale should see key mines like Brucutu and Itabira returning towards capacity and the Northern System expansion is poised to allow the group to achieve a strong run rate through the year. Rio should see its production normalize into Gudai-Darri’s ramp-up and Champion in Canada delivers its growth.


Scope of the report


  • The report provides a comprehensive analysis of the global iron ore market (Production, Demand, Import and Export) with potential impact of COVID-19.
  • The major regional markets (Oceania, Asia, South America, Middle East & Africa, European Union (27+UK) North America) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (ArcelorMittal, Anglo American, Rio Tinto, Vale S.A., BHP, Fortescue Metals) are also presented in detail.

Key Target Audience


  • Iron Ore Producers
  • Steel Manufactures
  • Raw Material Providers
  • End Users (Consumers)
  • Investment Banks
  • Government Bodies & Regulating Authorities

Please note: 10% free customization equates to up to 3 hours of analyst time.

Table of Contents

1. Market Overview
1.1 Iron Ore
1.1.1 Introduction
1.1.2 History
1.1.3 Uses of Iron Ore
1.1.4 Mining and Concentrating of Iron Ore
1.2 Mining and Concentrating
1.3 Making of Iron Ore
1.4 Impurities in Iron Ores
2. Impact of COVID-19
2.1 Impact of COVID-19 on Iron Ore Market
2.2 Declining Production of Motor Vehicles
2.3 Impact of COVID-19 on Mining in India
3. Global Market Analysis
3.1 Global Iron Ore by Production
3.2 Global Iron Ore Forecast by Production
3.3 Global Iron Ore Production by Region
3.4 Global Iron Ore by Demand from Blast Furnaces & DRI
3.5 Global Iron Ore Forecast by Demand from Blast Furnaces & DRI
3.6 Global Iron Ore Demand from Blast Furnaces & DRI by Region
3.7 Global Iron Ore Apparent Demand
3.8 Global Iron Ore Forecast by Apparent Demand
3.9 Global Iron Ore Imports
3.10 Global Iron Ore Forecast by Import
3.11 Global Iron Ore Import by Region
3.12 Global Iron Ore Exports
3.13 Global Iron Ore Forecast by Export
3.14 Global Iron Ore Export by Region
4. Regional Market Analysis
4.1 Asia
4.1.1 Asia Iron Ore Forecast by Production
4.1.2 India and China Iron Ore Forecast by Production
4.1.3 Asia Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.1.4 India, China and Japan Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.1.5 Asia Iron Ore Forecast by Import
4.1.6 Japan and China Iron Ore Forecast by Import
4.1.7 Asia Iron Ore Forecast by Export
4.1.8 India, China, and Malaysia Iron Ore Forecast by Export
4.2 Oceania
4.2.1 Oceania Iron Ore Forecast by Production
4.2.2 Oceania Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.2.3 Oceania Iron Ore Forecast by Export
4.2.4 Australia Iron Ore Forecast by Export
4.3 North America
4.3.1 North America Iron Ore Forecast by Production
4.3.2 Mexico and the U.S. Iron Ore Forecast by Production
4.3.3 North America Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.3.4 Mexico and the U.S. Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.3.5 North America Iron Ore Forecast by Import
4.3.6 Mexico and the U.S. Iron Ore Forecast by Import
4.3.7 North America Iron Ore Forecast by Export
4.3.8 Canada and the U.S. Iron Ore Forecast by Export
4.4 South America
4.4.1 South America Iron Ore Forecast by Production
4.4.2 South America Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.4.3 South America Iron Ore Forecast by Import
4.4.4 South America Iron Ore Forecast by Export
4.4.5 Brazil and Peru Iron Ore Forecast by Export
4.5 European Union
4.5.1 European Union Iron Ore Forecast by Production
4.5.2 European Union Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.5.3 Germany Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.5.4 European Union Iron Ore Forecast by Import
4.5.5 Germany Iron Ore Forecast by Import
4.5.6 European Union Iron Ore Forecast by Export
4.5.7 Sweden Iron Ore Forecast by Iron Ore Export
4.6 Middle East and Africa
4.6.1 Middle East and Africa Iron Ore Forecast by Production
4.6.2 Middle East and Africa Iron Ore Forecast by Demand from Blast Furnaces & DRI
4.6.3 Middle East and Africa Iron Ore Forecast by Import
4.6.4 Middle East and Africa Iron Ore Forecast by Export
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Production of Crude Steel
5.1.2 Escalating Urban Population
5.1.3 Upsurge in GDP
5.1.4 Rising Global Production of Vehicles
5.1.5 Accelerating Consumer Durables Industry
5.2 Key Trends and Developments
5.2.1 Mining Technology
5.2.2 Increasing Demand for Light Vehicles for Automotive Steel
5.2.3 Rising demand for Low Grade Iron Ore
5.3 Challenges
5.3.1 Trade War and Fluctuating Prices of Raw Materials
5.3.2 Huge Capital Requirements
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenues Comparison- Key Players
6.1.2 Market Capitalization Comparison- Key Players
6.1.3 Research & Development Expenses Comparison - Key Players
6.1.4 Iron Ore Production Comparison - Key Players
7. Company Profiles
7.1 Anglo American Plc
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 ArcelorMittal
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 BHP Billiton Group
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Fortescue Metals
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Rio Tinto Plc
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Vale S.A.
7.6.1 Business Overview
7.6.2 Financial Overview
7.6.3 Business Strategies
List of Figures
  • Mining and Concentrating of Iron Ore
  • Impurities in Iron Ores
  • Production of Motor Vehicle in the US (2017-2020)
  • Global Iron Ore by Production (2017-2021)
  • Global Iron Ore Forecast by Production (2022-2026)
  • Global Iron Ore Production by Region (2021)
  • Global Iron Ore by Demand from Blast Furnaces & DRI (2017-2021)
  • Global Iron Ore Forecast by Demand from Blast Furnaces & DRI (2022-2026)
  • Global Iron Ore Demand from Blast Furnaces & DRI by Region (2021)
  • Global Iron Ore Apparent Demand (2017-2021)
  • Global Iron Ore Apparent Demand (2022-2026)
  • Global Iron Ore Imports (2017-2021)
  • Global Iron Ore Forecast by Import (2022-2026)
  • Global Iron Ore Import by Region (2021)
  • Global Iron Ore Exports (2017-2021)
  • Global Iron Ore Forecast by Export (2022-2026)
  • Global Iron Ore Export by Region (2021)
  • Asia Iron Ore Forecast by Production (2017-2026)
  • India and China Iron Ore Forecast by Production (2017-2026)
  • Asia Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • India, China and Japan Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • Asia Iron Ore Forecast by Import (2017-2026)
  • Japan and China Iron Ore Forecast by Import (2017-2026)
  • Asia Iron Ore Forecast by Export (2017-2026)
  • India, China, and Malaysia Iron Ore Forecast by Export (2017-2026)
  • Oceania Iron Ore Forecast by Production (2017-2026)
  • Oceania Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • Oceania Iron Ore Forecast by Export (2017-2026)
  • Australia Iron Ore Forecast by Export (2017-2026)
  • North America Iron Ore Forecast by Production (2017-2026)
  • Mexico and the U.S. Iron Ore Forecast by Production (2017-2026)
  • North America Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • Mexico and the U.S. Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • North America Iron Ore Forecast by Import (2017-2026)
  • Mexico and the U.S. Iron Ore Forecast by Import (2017-2026)
  • North America Iron Ore Forecast by Export (2017-2026)
  • Canada and the U.S. Iron Ore Forecast by Export (2017-2026)
  • South America Iron Ore Forecast by Production (2017-2026)
  • South America Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • South America Iron Ore Forecast by Import (2017-2026)
  • South America Iron Ore Forecast by Export (2017-2026)
  • Brazil and Peru Iron Ore Forecast by Export (2017-2026)
  • European Union Iron Ore Forecast by Production (2017-2026)
  • European Union Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • Germany Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • European Union Iron Ore Forecast by Import (2017-2026)
  • Germany Iron Ore Forecast by Import (2017-2026)
  • European Union Iron Ore Forecast by Export (2017-2026)
  • Sweden Iron Ore Forecast by Iron Ore Export (2017-2026)
  • Middle East and Africa Iron Ore Forecast by Production (2017-2026)
  • Middle East and Africa Iron Ore Forecast by Demand from Blast Furnaces & DRI (2017-2026)
  • Middle East and Africa Iron Ore Forecast by Import (2017-2026)
  • Middle East and Africa Iron Ore Forecast by Export (2017-2026)
  • Global and China Production of Crude Steel (2017-2021)
  • Global Urban Population (2016-2020)
  • China GDP (2016-2021)
  • Global Production of Vehicles (2019-2021)
  • The US Industrial Production Index of Durable Consumer Goods: Household Appliances (Jan 2017- Jan 2021)
  • Global Iron Ore Price (2019-2021)
  • Anglo American Revenue and Profit/(Loss) for the Financial Year (2016-2020)
  • Anglo American Revenue by Segment (2020)
  • ArcelorMittal Sales and Operating Income/(Loss) (2016-2020)
  • ArcelorMittal Sales by Segments (2020)
  • ArcelorMittal Sales by Types of Products (2020)
  • BHP Billiton Revenue and Profit from Operations (2017-2021)
  • BHP Billiton Revenue and Profit from Operations (2017-2021)
  • BHP Billiton Revenue by Region (2020)
  • Fortescue Operating Sales Revenue and Net Profit/ (Loss) (2016-2021)
  • Fortescue Operating Sales Revenue by Region (2021)
  • Rio Tinto Revenue and Profit (2017-2021)
  • Rio Tinto Revenue by Segments (2021)
  • Rio Tinto Revenue by Product (2021)
  • Vale Net Operating Revenue and Operating Income (2016-2020)
  • Vale Net Operating Revenue by Segment (2020)
  • Vale Net Operating Revenue by Region (2020)

List of Tables
  • Key Players - Revenues Comparison (2020/2021)
  • Key Players - Market Capitalization Comparison (2022)
  • Key Players - Research & Development Expenses Comparison (2020/2021)
  • Key Players - Iron Ore Production Comparison (2020)

Companies Mentioned

  • Anglo American Plc
  • ArcelorMittal
  • BHP Billiton Group
  • Fortescue Metals
  • Rio Tinto Plc
  • Vale S.A.

Table Information