Key Market Indicators
**Moroccan Iron Ore Imports Expected to Reach $149,000 by 2028** Moroccan iron ore imports are projected to climb to approximately $149,000 by 2028, up from around $134,000 in 2023. This represents an average annual growth rate of 1.7%. Despite this growth, Moroccan demand for iron ore has seen a decline of 3% per year since 1998. In 2023, Morocco ranked 55th in the world for iron ore imports, with Slovenia just ahead at roughly $134,000. The top importers in the ranking were Japan, South Korea, and Germany, occupying the second, third, and fourth positions respectively. **Moroccan Iron Ore Exports Plummeted in 2018** Moroccan iron ore exports saw a dramatic decrease in 2018, falling to about $265,000 from nearly $1.9 million in 2017. This marks an 86% drop compared to the previous year. Over the long term, since 1998, Moroccan iron ore exports have been on a downward trend, decreasing by 51.5% annually.
