Key Market Indicators
Kyrgyzstan's iron ore imports are projected to reach approximately $2.8 million by 2028, up from around $2.3 million in 2023, marking a compound annual growth rate (CAGR) of 2.8%. Since 2000, the country's demand for iron ore has seen an average annual increase of 0.2%. In 2023, Kyrgyzstan ranked 42nd in iron ore imports globally, with Norway surpassing it at the same value of $2.3 million. Leading the ranking were Japan, South Korea, and Germany, occupying the second, third, and fourth positions respectively. On the export front, Kyrgyzstan's iron ore exports plummeted to a mere $10 in 2017, down sharply from $2,250 in 2016, representing a staggering 99.6% decline year-on-year. From 2012 onwards, the country's iron ore supply has been on a consistent downward trend, decreasing at an average annual rate of 37.3%.
