China Iron Ore Industry Outlook 2022 - 2026

Key Market Indicators

China is set to remain the largest exporter of iron ore in the world through 2026, with exports growing at a 4.6% year-on-year CAGR from 2021 to 2026. The country's iron ore exports stood at $843.5 million in 2021, up 71.4% since 1997. The United States was the second-largest exporter in 2021, followed by Brazil, Canada and South Africa. China is also the largest importer of iron ore in the world, with imports increasing at a 1.4% yearly average from 2021 to 2026. In 2021, China's iron ore imports amounted to $78.8 billion, up 6.3% since 1997. Japan, South Korea and Germany were China's main importers in 2021, coming in second, third and fourth, respectively.

China 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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