Iron Ore Market Outlook 2022 - 2026

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:

• China
• Japan
• South Korea
• Germany
• France
• Australia
• Brazil
• Canada
• South Africa
• Ukraine

Iron Ore Market Data and Forecasts

Global 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...)

Global Iron Ore Industry Database

Improve your Knowledge with the latest Indicators and Trends

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