Today: December 1, 2015, 10:55 pm

China iron ore mining market: $226.4 billion industry by 2018
Iron Ore Mining in China - a new market research report on 2014-04-25 10:44:03
For the five years to 2013, revenue for the China Iron Ore Mining market has been growing 20.6% per year on average. However, growth has been volatile year on year. After sharp rises in 2010 and 2011, the price of iron ore dropped significantly in 2012 due to a steel oversupply and the economic cooldown in China.

As a result, industry revenue growth slowed considerably in 2012. The iron ore price is not expected to rebound strongly in 2013; therefore, revenue for the year is expected to increase by just 11.4% to $153.4 billion. There are over 4,200 enterprises operating in the industry, with total employment of 646,000 and total output of iron ore at an expected 1.59 billion tons in 2013.

China covers about half of its domestic demand with imported iron. The slowdown in China´s economy, and the world economy as a whole, resulted in significant declines in iron ore demand and product price in 2009. Despite a significant increase in the volume of imported iron ore, the import value decreased by 14.9% in 2009. With the iron price rebounding sharply in the next two years, imports nearly doubled from $61.1 billion in 2009 to $117.2 billion in 2011.

Industry performance is expected to be much smoother in the future compared with the turbulent past decade. China will maintain a rapid pace of industrialization and urbanization, which will stimulate demand for steel products and in turn for iron ore. As a result, industry revenue is forecast to grow 8.1% annually on average over the next five years to $226.4 billion in 2018.

Competing imports will continue to account for a large proportion of domestic demand due to limitations of domestic iron ore supplies and the abolishment of import tariffs on imported iron ore. The annualized growth rate of imports is forecast at 9.1% in the next five years, though imports as a share of domestic demand are forecast to stay stable.

Click for report details: ..

Browse all Agriculture, Farming & Raw Materials Market Research Reports ..

Browse all Agriculture, Farming & Raw Materials Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 508 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.