Key Market Indicators
Spanish exports of iron ore are expected to reach $71 million by 2026, up 5% on average year-on-year from the 2021 figure of $53 million. Since 1994, the country has seen a 303% increase in supply. Norway was the leader in 2021, followed by Brazil, Canada and South Africa. Spanish imports of iron ore are expected to hit $605 million by 2026, a 1% annual growth rate from the 2021 figure of $570 million. This figure has increased 11.8% since 1994. Poland was the leader in 2021, followed by Japan, South Korea and Germany.