Key Market Indicators
New Zealand's iron ore imports are projected to decline to approximately $124,500 by 2028, down from around $130,940 in 2023. This represents an average annual decrease of 0.8%. Since 1994, New Zealand's demand for iron ore has seen a consistent decline, averaging a 4% decrease each year. In 2023, New Zealand ranked 56th in iron ore imports globally. Morocco surpassed New Zealand with iron ore imports also totaling $130,940. Leading the global rankings, Japan, South Korea, and Germany held the second, third, and fourth positions respectively in iron ore imports.
