Key Market Indicators
Korean iron ore import is set to reach $5.4 billion by 2026. This is a 0.1% increase from 2021, when it was valued at $5.4 billion. Since 1993, demand has grown by 5.8% a year on year. In 2021, South Korea came in third, with Japan overtaking at $5.4 billion, followed by Germany. Meanwhile, Korean iron ore export skyrocketed by 170% from 2017 to 2018. It jumped from $57 million to $154 million. Since 2000, supply has decreased by almost 60% year on year. In 2018, South Korea was in 52nd place, with Switzerland overtaking at $154 million. Brazil, Canada and South Africa were the next three in the ranking.
South Korea Iron Ore Market Data and Forecasts
How much will South Korea Iron Ore Market grow to 2026?
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