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Canada Iron Ore Industry Outlook 2022 - 2026

See how Canada Iron Ore performed compared to key markets such as Australia and Brazil.

Key Market Indicators

Canada’s iron ore exports are expected to rise to $5.8 billion by 2026, a 2.6% increase from the $5 billion recorded in 2021. This represents an average yearly growth rate of 11.7% since 1994. Canada came in at number three in the 2021 rankings, with Brazil ahead at $5 billion. Brazil, Canada and South Africa were numbers two, three and four respectively. Canada’s iron ore imports are projected to increase to $831 million by 2026, a 1.2% growth from the $775 million recorded in 2021. This average yearly growth rate of 10.5% has been observed since 1994. Canada ranked number ten in 2021, with Saudi Arabia in the lead at $775 million. Japan, South Korea and Germany took second, third and fourth place respectively.

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Canada Iron Ore Market Data and Forecasts

How much will Canada Iron Ore Market grow to 2026?

Forecast: Export of Iron Ores and Concentrates from Canada
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