Key Market Indicators
German iron ore exports are projected to hit $5.3 billion by 2026, up 0.6% year on year on average. Since 1996, German supply has declined by 1.3% a year. In 2021, Germany was in 31st place, behind Pakistan, who exported $5.1 billion. Brazil, Canada, and South Africa followed in second, third and fourth places respectively. Meanwhile, German iron ore imports are set to total $3.5 billion in 2026, a 0.2% decrease year on year. Demand has risen 6.2% a year since 1996. In 2021, Germany was in fourth place, behind South Korea, who imported $3.5 billion. Japan, South Korea and Germany were in second, third and fourth places respectively.
