China Iron Ore Pellets Market Size & Outlook, 2023-2030
China iron ore pellets market, 2018-2030 (US$M)
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China iron ore pellets market highlights
- The China iron ore pellets market generated a revenue of USD 18,196.2 million in 2023 and is expected to reach USD 30,010.5 million by 2030.
- The China market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, bf pellet was the largest revenue generating product in 2023.
- DR Pellet is the most lucrative product segment registering the fastest growth during the forecast period.
Iron ore pellets market data book summary
| Market revenue in 2023 | USD 18,196.2 million |
| Market revenue in 2030 | USD 30,010.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Bf pellet |
| Fastest growing segment | DR Pellet |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BF Pellet, DR Pellet |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Cleveland-Cliffs Inc, Ferrexpo PLC, Rio Tinto PLC ADR, Vale SA ADR, Tata Steel Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, China accounted for 32.4% of the global iron ore pellets market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iron ore pellets market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 30,010.5 million by 2030.
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Iron Ore Pellets Market Companies
| Name | Profile | # Employees | HQ | Website |
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China iron ore pellets market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iron ore pellets market will help companies and investors design strategic landscapes.
Bf pellet was the largest segment with a revenue share of 63.78% in 2023. Horizon Databook has segmented the China iron ore pellets market based on bf pellet, dr pellet covering the revenue growth of each sub-segment from 2018 to 2030.
China's GDP is forecast to grow at 5.2% in 2023, as per the Asian Development Bank. The country imposed a zero COVID policy in June 2022 that adversely impacted its GDP. The easing of COVID-19 restrictions by the government of the country in December 2022 gave a boost to investor sentiment that helped revive the pace of different ongoing projects in China.
The property construction sector is the major end-user of steel in China, accounting for 35% of demand. Liquidity crunches and dropping sales impacted the steel demand in 2023; however, this is anticipated to revive in the coming months with ease in lending requirements and a rise in new home prices.
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Horizon Databook provides a detailed overview of country-level data and insights on the China iron ore pellets market , including forecasts for subscribers. This country databook contains high-level insights into China iron ore pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China iron ore pellets market outlook size, by product, 2018-2030 (US$M)
China Iron Ore Pellets Market Outlook Share, 2023 & 2030 (US$M)
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