Key Market Indicators
Russia's export of iron ore is projected to reach $1.6 billion by 2026, up 0.5% annually. Since 2001, exports have increased by 14.3%. In 2021, the country ranked number 7, just behind Sweden at $1.6 billion. Brazil, Canada and South Africa followed in second, third and fourth place respectively. Meanwhile, Russia's import of iron ore is estimated to drop to $457 million by 2026, at a rate of 0.4% annually. Since 2001, imports have grown 4.2% year on year. In 2021, Russia placed 25th, with the Czech Republic ahead with $469 million. Japan, South Korea and Germany came in second, third and fourth place respectively.
Russia Iron Ore Market Data and Forecasts
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China’s economic and infrastructural expansion has greatly influenced its commodities market, including ore trade. This sector has witnessed an increase in both imports and exports, signaling a robust demand for base and precious metals and expanding supply capabilities. However, the disproportionality between the two is worthy of note, with imports...Read more
Several dynamics are driving increased interest in the iron ore pellets industry. Predominantly, decarbonization efforts and stricter environmental regulations have stimulated demand for high-grade iron ore pellets in steelmaking, as they yield fewer emissions compared to low-grade ores. Moreover, developing economies infrastructure expansion - particularly in Asia, chiefly China and...Read more