All ProductsFerrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the like; iron having a minimum purity of 99.94%, in lumps, pellets or similar forms

Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or the like; iron having a minimum purity of 99.94%, in lumps, pellets or similar forms

HS-Code 7203
Country:
Top Exporter· 2024
Top Importer· 2024
Top Producer· 2024
N/A
Export Value· 2024
$2.06B
Import Value· 2024
$4.92B
Production Volume· 2024
N/A

Supply Chain Analysis

68 entities · 2024 · exports

Source Countries

68

Trade Value

$2.06BUSD

Total Quantity

3942.28MKg

Avg per Entity

Locked

Top 5 Concentration

Locked

Value Distribution (Top 5)

Efficiency Quadrant — Unit Price vs Order Value

Premium · Volume Player · Niche · Weak

Premium
Volume Player
Niche
Weak

Trinidad and Tobago

1,195,900 Kg 1 shipments $467.3/unit

$0.56B

27.18% share

52.53%
India

India

1,400,000,000 Kg 1 shipments $0.32/unit

$0.45B

22.12% share

55.26%
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United States

United States

1,143,594,000 Kg 3 shipments $0.34/unit

$0.39B

18.79% share

64.01%
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Market Concentration
Concentrated
Top 5 players83.51%
Top 10 players94.25%

Few dominant players — high dependency risk.

Share Split

Top 5 — 83.51%
Others — 16.5%

Top Exporting Countries

#CountryShareValue1Y Growth3Y GrowthSignal
1
Trinidad and Tobago
27.18%$0.56B-5.07%-29.75%📉 Sustained Drop
2
22.12%$0.45B-10.52%+68.19%⚠ Momentum Lost
3
18.79%$0.39B-28.02%+46.07%⚠ Momentum Lost
4
12.72%$0.26B+14.20%+46.88%🐢 Slowing
5
2.70%$0.06B-47.98%-53.84%📉 Sustained Drop

Top Importing Countries

#CountryShareValue1Y Growth3Y GrowthSignal
1
30.35%$1.49B+25.57%-27.60%🔄 Recovering
2
13.39%$0.66B+10.16%-24.53%🔄 Recovering
3
8.34%$0.41B-14.93%-21.47%📉 Sustained Drop
4
7.62%$0.37B+44.32%+192.96%🐢 Slowing
5
5.58%$0.27B----→ Stable

Value vs YoY Growth

Bubble size = market share · Right + Up = high value, high growth

Suppliers
Buyers

Demand Market Analysis

97 entities · 2024 · imports

Buyer Countries

97

Trade Value

$4.92BUSD

Total Quantity

8255.19MKg

Avg per Entity

Locked

Top 5 Concentration

Locked

Value Distribution (Top 5)

Efficiency Quadrant — Unit Price vs Order Value

Premium · Volume Player · Niche · Weak

Premium
Volume Player
Niche
Weak

Saudi Arabia

9,822 Kg 2 shipments $151979.07/unit

$1.49B

30.35% share

11384.38%

United States

1,525,160,000 Kg 1 shipments $0.43/unit

$0.66B

13.39% share

3.17%
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Oman

1,177,030,000 Kg 1 shipments $0.35/unit

$0.41B

8.34% share

53.55%
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Market Concentration
Concentrated
Top 5 players65.28%
Top 10 players82.28%

Few dominant players — high dependency risk.

Share Split

Top 5 — 65.28%
Others — 34.7%

Global Trade Map

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Color = Export + Import
Higher trade = darker

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