Iron ores and concentrates: agglomerated (excluding roasted iron pyrites)

In 2024, iron ores and concentrates: agglomerated (excluding roasted iron pyrites) trade exhibited significant decline, with global flows reaching $16,145,167,722 and a three-year compound annual growth rate of -15.7% (five-year: -0.1%). The all-time peak of $31,400,984,597 was recorded in 2011; the current level is 49% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-13.5% acceleration).

The World Trade Flows Characterization classifies iron ores and concentrates: agglomerated (excluding roasted iron pyrites) as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.122). The three largest exporters — Brazil ($4.0B), Canada ($2.3B), and Sweden ($2.2B) — collectively dominate supply flows. The leading exporter has grown at -2.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.055). The three largest import markets are China ($2.3B), Egypt ($1.4B), and Germany ($1.1B). The largest importing market sources from 35 different supplying countries.

The dominant trade corridor is India → China at $806.0M, representing 35.0% of the importer's total demand.

The volatility score for iron ores and concentrates: agglomerated (excluding roasted iron pyrites) is 11 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.