Key Market Indicators
Japan is set to see a dip in its iron ore imports by 2026, with a 0.4% year-on-year CAGR, from $10.2 billion in 2021. Since 1993, the country has seen a 6.8% year-on-year growth in demand. In 2021, Japan came in second place, behind China at $10.2 billion. South Korea, Germany and Japan ranked second, third and fourth respectively in this ranking. Japanese iron ore exports are forecast to reach $63 million by 2026, a 4% year-on-year decrease from $80 million in 2021. Since 1993, the country's supply has decreased by 4% year-on-year. In 2021, Singapore overtook Japan, coming in at number 55 with $80 million. Brazil, Canada and South Africa ranked second, third and fourth respectively in this ranking.
Japan Iron Ore Market Data and Forecasts
How much will Japan Iron Ore Market grow to 2026?
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