According to GlobalData, India is the world’s fourth-largest producer of iron ore in 2023, with output up by 1% on 2022. Over the five years to 2022, production from India increased by a CAGR of 5% and is expected to drop by a CAGR of 1.62% between 2023 and 2027. 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 India. Exports of iron ore from India increased by 116% in 2023 over 2022, with the highest share being exported to China. India’s iron ore exports are expected to drop at a CAGR of 1.62% between 2023 and 2027.
Leading producers of iron ore in India are NMDC and Vedanta Resources. During 2020-2021, NMDC's output was up by 0.2%, Vedanta Resources's output increased by 3%.
For more detailed analysis of iron ore in India, buy the report here.
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