Key Market Indicators
Sweden's iron ore export is projected to hit approximately $2.65 billion by 2028, up from around $2.48 billion in 2023. This marks a steady annual growth rate of 1.1%. Since 1997, the country's iron ore supply has seen a modest annual increase of 0.8%. In 2023, Sweden ranked sixth in global iron ore exports, with Ukraine surpassing it at the same export value of $2.48 billion. Brazil, Canada, and South Africa occupied the second, third, and fourth positions, respectively. On the import front, Sweden's iron ore intake is expected to reach nearly $26.8 million by 2028, rising from about $23.2 million in 2023. This represents an average annual growth rate of 2.3%. Since 1997, Swedish demand for iron ore has surged by 1.9% annually. In 2023, Sweden ranked 35th among iron ore importers, with Chile slightly ahead at the same import value of $23.2 million. Japan, South Korea, and Germany held the second, third, and fourth spots in this category, respectively.