According to GlobalData, India is the world’s third-largest producer of iron ore, with output of 254Mt in 2022, up by 2% on 2021. Over the five years to 2021, production from India increased by a CAGR of 5% and is expected to rise by a CAGR of 0.57% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its India Iron Ore Mining to 2026 report. Buy the report here.
India accounts for 10% of global production, with the other largest producers being Australia (38%), Brazil (18%), China (10%) and Russia (4%). Exports of iron ore from India declined by 40.27% to 21Mt in 2022 over 2021, with the highest share being exported to China. India’s iron ore exports are expected to drop at a CAGR of 9.99% between 2022 and 2026, to 14Mt by 2026.
Leading producers of iron ore in India are NMDC, Tata Steel and Vedanta Resources. NMDC's output was 40.61Mt in 2021, up by 30% on 2020. Tata Steel produced 30.58Mt, an increase of 7%, and output from Vedanta Resources was 5.10Mt, an increase of 10% on the previous year.
For more detailed analysis of iron ore in India, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
