South Africa Iron Ore Industry Outlook 2022 - 2026

Key Market Indicators

South African iron ore import is expected to reach $67.9 million by 2026, up from $62.3 million in 2021. This is a year-on-year growth rate of 1.4%. Since 2005, demand for South African iron ore has grown by 11.5% annually. In 2021, South Africa was ranked 34th in terms of import value, with Austria taking the lead at $62.3 million. Japan, South Korea and Germany were ranked 2nd, 3rd and 4th respectively. South African iron ore export is set to reach $4.5 billion by 2026, up slightly from $4.4 billion in 2021. This is a year-on-year growth rate of 0.1%. Since 2005, South African iron ore supply has increased by 4.3% yearly. In 2021, the country was ranked 4th in terms of export value, with Canada taking the lead at $4.4 billion. Brazil, Canada and South Africa were ranked 2nd, 3rd and 4th respectively.

South Africa Iron Ore Market Data and Forecasts

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