Key Market Indicators
Ireland's iron ore import market is projected to hit approximately $573,000 by 2028, up from around $546,000 in 2023, reflecting an annual growth rate of 0.8%. Since 1997, the country's demand for iron ore has increased by an average of 4.5% each year. In 2023, Ireland ranked 49th globally in iron ore imports, with Iceland slightly ahead at the same figure of $546,000. Leading the global rankings were Japan, South Korea, and Germany, occupying the second, third, and fourth positions respectively. Meanwhile, Irish iron ore exports saw a significant boost. In 2018, exports reached $61, a notable increase from $52 in 2017, marking a year-on-year growth of 17.3%.
