Key Market Indicators
Argentina's iron ore imports are projected to reach approximately $581 million by 2028, up from nearly $569 million in 2023. This marks an average annual growth rate of 0.3%. However, since 1998, the nation's demand for iron ore has seen a yearly decline of 1.4%. In 2023, Argentina ranked 21st in iron ore imports, with Spain leading the list at the same import value of around $569 million. Following Spain, Japan, South Korea, and Germany occupied the second, third, and fourth positions, respectively. On the export side, Argentina's iron ore exports plummeted to about $1.8 million in 2017 from nearly $7.6 million in 2016, a sharp decline of 76.5% compared to the previous year. The trend for Argentinian iron ore supply shows a significant decrease, with an average annual drop of 44.7% since 1999.
