Brazil Iron Ore Industry Outlook 2022 - 2026

Key Market Indicators

Brazil is set to become one of the world’s biggest iron ore exporters by 2026, according to a report. In 2021, Brazil’s exports totaled $20 billion, a 0.5% increase from the previous year. The country has seen an average 8.3% year-on-year growth since 1994, coming in second behind Australia, which had exports of $19.8 billion in 2021. Canada and South Africa ranked third and fourth respectively. Brazil’s imports saw a dramatic jump in 2018, reaching $10.4 billion, a 150.8% increase from 2017. The country’s demand has grown an average 5.6% year-on-year since 1994, putting it in 90th place, behind Namibia with $10.4 billion. Japan, South Korea and Germany ranked second, third and fourth respectively.

Brazil Iron Ore Market Data and Forecasts

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• Exploring Dynamics in the Global Ore Trade: Imports, Exports and their Impacts

  China’s economic and infrastructural expansion has greatly influenced its commodities market, including ore trade. This sector has witnessed an increase in both imports and exports, signaling a robust demand for base and precious metals and expanding supply capabilities. However, the disproportionality between the two is worthy of note, with imports...

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• Iron Ore Pellets: Unraveling Industry Trends and Growth Opportunities Across Markets

  Several dynamics are driving increased interest in the iron ore pellets industry. Predominantly, decarbonization efforts and stricter environmental regulations have stimulated demand for high-grade iron ore pellets in steelmaking, as they yield fewer emissions compared to low-grade ores. Moreover, developing economies infrastructure expansion - particularly in Asia, chiefly China and...

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