The market is dominated by domestic suppliers, as imports account for 14.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.2% of total demand in 2023. India has the fourth largest market size for mining of metal ores regionally, with demand reaching USD22.8 billion in 2023. Vedanta Aluminium Ltd is the largest company in India, generating 13.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 40.8% of total production value in 2023. The total number of companies decreases in 2023, to 959,956 units. The costs of the industry decrease by 0.2% in 2023, largely driven by declining labour costs. The industry’s profitability increases and stands at 69.0% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 7.1% of total production output. With production value of USD16.8 billion, India accounts for 5.6% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Mining of Metal Ores in India: ISIC 13. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Mining of Metal Ores in India: ISIC 13 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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