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Belgium is set to record a 0.3% year-on-year growth in iron ore import, up to around $689 million by 2026. This follows an 8.8% yearly growth since 2004. In 2021, the country ranked 15th in the world, lagging behind the UK, which held the top spot with $676 million. Japan, South Korea and Germany were the next three biggest importers. Meanwhile, Belgium's iron ore exports have seen a decline of 7.9% year-on-year to $1.9 billion in 2021. This follows a 15.3% increase since 2004. The country was 38th in the world rankings, behind Togo, which exported $1.9 billion. Brazil, Canada and South Africa followed close behind.
Belgium Iron Ore Market Data and Forecasts
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