Key Market Indicators
Egyptian Iron Ore Export is projected to decline to $560 million by 2028, down from $596 million in 2023, marking an average annual decrease of 1%. Despite this recent decline, the country's supply has shown significant growth since 2003, with a year-on-year increase of nearly 183%. In 2023, Egypt was ranked 35th in iron ore exports, with Zimbabwe surpassing it at $596 million. Leading the global rankings were Brazil, Canada, and South Africa, occupying the second, third, and fourth spots respectively. On the import side, Egypt's iron ore demand is set to surge, reaching approximately $1.45 billion by 2028, up from $1.19 billion in 2023. This reflects a compound annual growth rate (CAGR) of 3.1%. Since 1999, Egyptian imports have consistently risen, showing a year-on-year increase of 2.9%. In 2023, Egypt ranked seventh in iron ore imports, with Malaysia slightly ahead at $1.19 billion. Japan, South Korea, and Germany claimed the second, third, and fourth positions in this category respectively.
