Key Market Indicators
France’s iron ore exports are projected to decline significantly, dropping from approximately $5.4 million in 2023 to just under $3 million by 2028. This represents a year-on-year compound annual growth rate (CAGR) decrease of 9.5%. Since 1999, French iron ore supply has consistently decreased by 9% each year. In 2023, France ranked 25th in iron ore exports, with Pakistan surpassing it with an export value of around $5.4 million. Among the top exporters, Brazil, Canada, and South Africa took the second, third, and fourth spots, respectively. On the import front, France's iron ore imports are expected to see a slight increase. By 2028, imports are anticipated to reach approximately $1.33 billion, up from around $1.31 billion in 2023, reflecting a modest year-on-year CAGR growth of 0.2%. Despite this growth, French demand for iron ore has seen a yearly decline of 0.5% since 1999. In 2023, France was the fifth-largest iron ore importer. Germany led with import values matching France's $1.31 billion. Japan, South Korea, and Germany occupied the second, third, and fourth positions in the import rankings, respectively.
