Key Market Indicators
Mozambique is expected to import around $20 million worth of iron ore by 2026, up from $16 million in 2021. Over the past decade, demand for the mineral in the African nation has grown at an average rate of 3.6% a year. In 2021, Mozambique ranked 38th in the world for iron ore imports, with Sweden coming in first at $16 million. Japan, South Korea and Germany were second, third, and fourth, respectively.
