In the five years through 2018, revenue for the Iron Ore Mining industry in China has been declining 6.4% per year on average. In 2014 and 2015, sharply falling downstream demand and iron ore prices led revenue to decline 4.9% and 20.4%, respectively. In 2018, revenue is estimated to remain stable at $115.8 million.There are over 3,700 enterprises operating in the industry, with total employment of 585,267 and expected total output of 1.3 billion tons of iron ore in 2018. China covers over one-third of its domestic demand with imported iron. The iron ore price has been falling since 2012, therefore, import values decreased from $117.8 billion in 2013 to an estimated $57.3 billion in 2018...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Report - Industry Locations Chapter

Iron ore reserves are spread widely across the country, although scale varies significantly from region to region. Besides availability of iron ore resources, the location of downstream iron and steel smelting firms is another determinant of geographic distribution of iron ore mining activities.Hebei Province in North China is the largest iron ore producer and the largest steel producer in China. Total iron ore reserves in Hebei amount to about 4.3 billion tons, or 19.2% of domestic reserves. Hebei is expected to account for 27.3% of industry revenue and 24.7% of industry employment in 2018. Inner Mongolia is another province in North China that is rich in iron ore...purchase to read more.

Additional Insights for the Iron Ore Mining Industry

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

  • Having an extensive distribution/collection network
  • Proximity to transport
  • Availability of resource
  • IBISWorld analysts also discuss how external factors such as World price of iron ore and Import Competition - Iron Ore Mining in the Iron Ore Mining industry impact industry performance..

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    What's in this report

    What is the Iron Ore Mining Industry?

    Enterprises in the Iron Ore Mining industry in China mine and beneficiate (remove impurities from) iron ores. Products in this industry include hematite, magnetite, limonite, siderite and taconite, in the forms of both ore and powder.

    Industry Products
  • Magnetite
  • Hematite
  • Siderite
  • Vanadium-titanium magnetite
  • Other iron ores
  • Industry Activities
  • Iron ore mining
  • Iron ore beneficiating
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of iron ore
  • Import Competition - Iron Ore Mining
  • World demand for steel

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Iron Ore Mining Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Iron and Steel Smelting

  • Key Selling Industries
  • Freight Rail Transport
  • Mining Equipment Manufacturing

  • Products & Services
  • Magnetite
  • Hematite
  • Siderite
  • Other iron ores
  • Vanadium-titanium magnetite
  • Chart: Iron Ore Mining Industry Products and Services Segmentation

  • Demand Determinants
  • Development of the Iron and Steel Smelting industry in China
  • World price of iron ore

  • Major Markets
  • Iron smelters
  • Iron ore exports
  • Chart: Major Market Segmentation for the Iron Ore Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Iron Ore Mining

  • Basis of Competition
  • Mineral resources
  • Distribution channels

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

  • Industry Globalization
    Shandong Beijin Group Co., Ltd., Shandong Jinshunda Co., Ltd., Laigang Group Co., Ltd., Guangdong Da Ding Mining Co., Ltd., Zhejiang Li Tie Group Corporation,
  • Table: Shandong Beijin Group Co., Ltd. - financial performance
  • Table: Shandong Jinshunda Co., Ltd. - financial performance
  • Table: Laigang Group Co., Ltd. - financial performance
  • Table: Guangdong Da Ding Mining Co., Ltd. - financial performance
  • Table: Zhejiang Li Tie Group Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the 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
    Table: Industry Data for the Iron Ore Mining Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)
  • Iron Ore Output (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A black or blackish-red to brick-red mineral, essentially ferric oxide, the chief ore of iron.
  • Magnetite
  • The mineral form of black iron oxide (ferriferous oxide) that often occurs with magnesium, zinc and manganese.
  • Siderite
  • Siderite, essentially ferric carbonate, is a widespread carbonate mineral that can be an ore of iron.
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    Why buy this report?

    IBISWorld’s Iron Ore Mining 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 identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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    This report on 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 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

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