Key Market Indicators
Uganda's iron ore exports are projected to hit approximately $696,000 by 2028, marking a steady rise from around $577,000 in 2023. This growth represents a compound annual growth rate (CAGR) of 3% year on year. Since 2011, Uganda's iron ore supply has seen an average annual increase of 5.6%. In 2023, Uganda was ranked 36th globally in iron ore exports, with Egypt surpassing it at the same value of $577,000. Leading the global rankings were Brazil, Canada, and South Africa, occupying the second, third, and fourth spots, respectively.
