Global Iron Ore Trends in 2022
Iron Ore is part of Metals and includes a number of sub-sectors such as Seaborne Iron Ore. You may also be interested in Non-Ferrous Metal.
Global iron ore exports are estimated to reach $81.7 billion by 2026, a 1.8% drop from the 2021 figure of $91.7 billion. Since 2016, global supply has grown 5% on average each year. Australia was the top exporter in 2021, with $50.6 billion, followed by Brazil, Canada and South Africa. Spain saw a 303% year-on-year increase, while Azerbaijan's exports were down 86.3% compared to 2016. Global iron ore imports are predicted to reach $95.8 billion by 2026, a 2.1% drop from 2021's $109.3 billion. Since 2016, global demand has grown 5.1% annually. China was the leading importer in 2021, with $78.8 billion, followed by Japan, South Korea and Germany. Mongolia saw a 496% year-on-year increase, while Iran's imports were down 93.8% compared to 2016.
Top 10 countries
In 2022 major markets in the Iron Ore Industry were:
Iron Ore Market Data and Forecasts
How much the Iron Ore industry is expected to grow to 2026?
More in Iron Ore Industry for 2028Global Iron Ore Statistics
- Shipping Freight Volume 67 countries (Western Europe, Europe, Germany...)
- Number Of Enterprises 67 countries (Europe, Northern Europe, Southern Europe...)
- Iron Ore Production 42 countries (Europe, Western Europe, Germany...)
- Iron Ore Import 163 countries (Europe, Asia, Africa...)
- Iron Ore Export 128 countries (Europe, Eastern Europe, Southern Europe...)
- Iron Import 192 countries (Europe, Asia, Africa...)
- Labour Utilisation 97 countries (Europe, Northern Europe, Eastern Europe...)
- Iron Export 188 countries (Europe, Asia, Eastern Europe...)
- Metal Products Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)