The analysis of the global import share of unagglomerated iron ore and concentrates in 2023 reveals China as the dominant player, with a staggering 76.41% share. Japan and South Korea trail with 7.79% and 4.68%, respectively. Many European countries, such as Germany, France, and the Netherlands, showcase smaller shares, underlining a diverse global distribution. Among noteworthy variations, China and India have shown modest growth, while Germany and France experienced slight declines. Surging growth is noted in Poland, Philippines, and Egypt, while countries like Italy and Mexico faced contractions.
Future trends to watch in the market for unagglomerated iron ore and concentrates include:
- China's continued dominance and its influence on pricing and trade flows.
- Potential shifts in demand from other Asian countries, especially Japan and South Korea, driven by industrial policies.
- Fluctuations in European imports influenced by decarbonization efforts and evolving steel production technologies.
Top countries in Import of Unagglomerated Iron Ore and Concentrate Share by Country (US Dollars)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 76.41 | 2023 | +1.74% | +1.84% | View data |
2 | 2 Japan | 7.79 | 2023 | -1.12% | +1.5% | View data |
3 | 3 South Korea | 4.68 | 2023 | +0.11% | +0.073% | View data |
4 | 4 Germany | 1.56 | 2023 | -2.28% | -2.47% | View data |
5 | 5 India | 0.99 | 2023 | +5.4% | +2.53% | View data |
6 | 6 Malaysia | 0.97 | 2023 | +4.4% | +3.89% | View data |
7 | 7 France | 0.75 | 2023 | -1.17% | -1.42% | View data |
8 | 8 Netherlands | 0.7 | 2023 | +2.47% | +1.76% | View data |
9 | 9 Bahrain | 0.69 | 2023 | +2.43% | -0.52% | View data |
10 | 10 Oman | 0.61 | 2023 | +2.3% | +3.07% | View data |