Key Market Indicators
Mozambique's iron ore imports are projected to climb to approximately $21.8 million by 2028, up from an estimated $17.4 million in 2023. This increase represents an average annual growth rate of 3.5%. Since 2009, the country's demand for iron ore has surged, growing by an average of 5.7% each year. In the global ranking, Mozambique held the 36th position in 2023. That year, Sweden surpassed Mozambique with imports valued at around $17.4 million. Leading the global rankings, Japan, South Korea, and Germany occupied the second, third, and fourth spots, respectively.
