Key Market Indicators
Algeria's iron ore export is projected to escalate to approximately $42,000 by 2028, up from around $33,000 in 2023. This marks an average annual growth rate of 4.1%. Since 1997, the country's iron ore supply has seen a steady increase, averaging 7.4% growth per year. On the import front, Algeria's iron ore import value surged to roughly $856,000 in 2017, a significant jump from about $512,000 in 2016. This 67.2% increase represents a sharp rise in demand over the preceding year. However, despite this recent spike, the long-term trend since 1997 shows a 23.1% annual decrease in iron ore imports.
