Key Market Indicators
Palestinian iron ore imports are projected to reach nearly $2.83 million by 2028, up from approximately $2.29 million in 2023, marking an average annual growth of 3.3%. This upward trend continues from a steady increase observed since 2012, during which Palestinian demand has grown by an average of 3.4% each year. In 2023, Palestine ranked 43rd globally in iron ore imports, a position overtaken by Kyrgyzstan, which matched Palestine's import value of around $2.29 million. Leading the global rankings are Japan, South Korea, and Germany, occupying the second, third, and fourth positions respectively.
