India Iron Ore Industry Outlook 2022 - 2026

Key Market Indicators

India's iron ore exports are projected to drop 11% by 2026 from $948 million in 2021. Over the past 27 years, exports have decreased by an average of 1.2% each year. In 2021, Russia was the largest exporter of iron ore at $948 million, while India ranked 11th. Brazil, Canada and South Africa respectively came in second, third, and fourth. India's iron ore imports are expected to grow to $1.3 billion by 2026, up 4% from $1.04 billion in 2021. Since 1993, imports have increased by an average of 35.4% a year. In 2021, Egypt was the biggest importer of iron ore at $1.04 billion, while India was eighth. Japan, South Korea and Germany respectively came in second, third, and fourth.

India Iron Ore Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Exploring Dynamics in the Global Ore Trade: Imports, Exports and their Impacts

  China’s economic and infrastructural expansion has greatly influenced its commodities market, including ore trade. This sector has witnessed an increase in both imports and exports, signaling a robust demand for base and precious metals and expanding supply capabilities. However, the disproportionality between the two is worthy of note, with imports...

  Discover more insights

• Iron Ore Pellets: Unraveling Industry Trends and Growth Opportunities Across Markets

  Several dynamics are driving increased interest in the iron ore pellets industry. Predominantly, decarbonization efforts and stricter environmental regulations have stimulated demand for high-grade iron ore pellets in steelmaking, as they yield fewer emissions compared to low-grade ores. Moreover, developing economies infrastructure expansion - particularly in Asia, chiefly China and...

  Discover more insights