Overview of the Market for Iron Ore and Concentrate in Saudi Arabia
The revenue of the iron ore and concentrate market in Saudi Arabia declined sharply to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt contraction. The pace of growth was the most pronounced in 2010 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market failed to regain the momentum.