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.
Canada Iron Ore Market Data and Forecasts
How much will Canada Iron Ore Market grow to 2026?
More in Iron Ore Industry for 2027Improve your Knowledge with the latest Indicators and Trends
-
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...
Discover more insights -
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...
Discover more insights