Key Market Indicators
**Bulgarian Iron Ore Export Projected to Hold Steady by 2028** Sofia, Bulgaria – The export of Bulgarian iron ore is projected to reach approximately $7 million by 2028, a slight decrease from the $7.1 million recorded in 2023. This represents a negligible annual decline of 0%. Since 2001, the supply of Bulgarian iron ore has shown a modest annual increase of 0.3%. In 2023, Bulgaria ranked 23rd globally in iron ore exports, with the Netherlands slightly ahead with similar figures. Leading the global rankings were Brazil, Canada, and South Africa, occupying the 2nd, 3rd, and 4th positions respectively. **Sharp Decline in Bulgarian Iron Ore Imports** In contrast, Bulgarian iron ore imports saw a significant reduction. By 2018, imports had plummeted to $246,000, down from over $1 million in 2017, marking a dramatic 76% decrease compared to the previous year. Since the beginning of the millennium, Bulgarian demand for iron ore has experienced a substantial annual decline of 24%.
