According to GlobalData, India is the world’s third-largest producer of iron ore in 2022, with output 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 largest producers being Australia, Brazil, China and Russia. Exports of iron ore from India declined by 40.27% 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.
Leading producers of iron ore in India are NMDC, Tata Steel and Vedanta Resources. During 2020-2021, NMDC's output was up by 30%, Tata Steel's output increased by 7%, while output from Vedanta Resources increased by 10%.
For more detailed analysis of iron ore in India, buy the report here.
See Also:
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
