The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Iron Ore Mining global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.


Market Share of Companies
BHP Billiton $x.xlock
Fortescue $x.xlock
Rio Tinto $x.xlock
Vale $x.xlock
Industry Statistics & Market Size
Annual Growth
2011 - 2016
Annual Growth
2016 - 2021
Employment ('000)

Industry Threats & Opportunities

  • The industry weathered sharp spikes and double-digit declines due to fluctuations in the world iron ore price
  • The global financial crisis significantly reduced demand, hindering price growth
  • International trade will become more important as steel demand surges in emerging markets
  • Industry Analysis & Industry Trends

    The Global Iron Ore Mining industry's financial performance has been highly volatile in recent years. From 2011 to 2016, the industry weathered sharp spikes and double-digit declines. After two years of strong growth in 2010 and 2011, revenue contracted in 2012 due to the plummeting price of iron ore. In 2015 and 2016, industry performance has been weak due to falling iron ore prices and stagnating demand from emerging markets. However, industry performance is expected to improve over the five years to 2021, with revenue expected to rise. The gain reflects global economic growth, increased steel output and rising iron ore production and prices. These factors will be supported by recovering demand for steel from emerging economies as well as strengthening developed economies...

    Industry Key Buyers

    The four largest companies in the Global Iron Ore Mining industry account for 46.8% of industry revenue, indicating that industry concentration is low to moderate. The three largest companies have high production capacities, and these companies have historically dominated the industry. They are also heavily focused on internationally trading in iron ore, and their diverse mineral base ensures they typically have more capital available to invest in projects than smaller operators. Meanwhile, relative newcomer Fortescue has expanded production quickly to join these ranks.

    Industry concentration has increased as the largest companies in the industry, Vale, BHP Billiton and Rio Tinto, have acquired smaller players. BHP..

    Additional Insights for the Global Iron Ore Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Iron Ore Mining Industry are

  • Access to high-quality inputs
  • Effective cost controls
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as World price of iron ore and GDP of mainland China in the Global Iron Ore Mining industry impact industry performance..

    shopping_cartVIEW PURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Global Iron Ore Mining Industry?

    This industry consists of companies that mine iron-bearing ores (primarily hematite, magnetite and taconite). In addition to ore extraction, mining includes the development of mine sites and the processing of ore mined into a concentrate or pellet form. The iron ore and iron ore pellets are then sold as an input to blast furnace steel production.

    Industry Products
    Iron ore fines
    Iron ore lump
    Iron ore pellets and pellet feed
    Industry Activities
    Mining iron bearing ore
    Processing iron bearing ore into pellets

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of iron ore
  • GDP of mainland China
  • World demand for steel
  • Industrial production index of OECD countries

  • Current Performance
  • Steel Industry drives industry revenue
  • Volatile revenue but rising production
  • Prices rise and fall
  • Profitability
  • Shortened time frames
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing supply and recovering demand
  • Building a global network
  • Profit performance
  • Table: Global Iron Ore Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Iron Ore Mining Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Global Copper, Nickel, Lead and Zinc Mining
  • Global Iron and Steel Mills

  • Key Selling Industries
  • Global Electric Utilities
  • Global Mining and Oil and Gas Field Equipment Manufacturing
  • Global Oil and Gas Mining Support Services
  • Global Oil and Gas Refining and Marketing
  • Other Global Mining and Quarrying

  • Products & Services
  • Iron ore fines
  • Iron ore pellets and pellet feed
  • Iron ore lump
  • Chart: Global Iron Ore Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Steel manufacturers - China
  • Steel manufacturers - rest of the world
  • Iron ore processors and other industrial markets
  • Chart: Major Market Segmentation for the Global Iron Ore Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Global Iron Ore Mining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Iron Ore Mining Industry

  • Industry Globalization
    Major Companies
    Companhia Vale do Rio DoceRio Tinto Group BHP Billiton Limited Fortescue Metals Group Ltd
  • Table: Companhia Vale do Rio Doce - financial performance
  • Table: Rio Tinto Group - financial performance
  • Table: BHP Billiton Limited - financial performance
  • Table: Fortescue Metals Group Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Iron Ore Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Global Iron Ore Mining Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • World Price of Iron Ore (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • A finely crushed or powdered ore.
  • Hematite
  • A red-colored form of iron ore that occurs in crystalline, massive or granular forms and typically contains at least 70.0% iron.
  • Iron Ore
  • Rocks or deposits containing compounds from which iron can be extracted.
  • Iron Ore Pellet
  • Marble-size balls of an iron ore and clay mixture, baked in a large furnace.
  • Magnetite
  • A natural black oxide of iron, typically containing 65.0% to 72.0% iron.
  • Open Cut Mining
  • A type of surface excavation in the form of an inverted cone; the shape of the mine opening varies with the shape of the mineral deposit.
  • Taconite
  • An iron-bearing, high-silica, flint-like rock, typically containing 20.0% to 30.0% iron.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Iron Ore Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Iron Ore Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Iron Ore Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today