Key Market Indicators
Poland's iron ore imports are projected to reach approximately $623 million by 2028, up from around $589 million in 2023. This marks an average annual growth rate of 0.9%. Since 1999, the country's demand for iron ore has increased at an average rate of 1.4% per year. In 2023, Poland ranked 19th in iron ore imports, trailing Slovakia, which also reported imports valued at $589 million. Topping the list were Japan, South Korea, and Germany, securing the second, third, and fourth positions, respectively. On the export front, Poland's iron ore exports are expected to decline to about $640,000 by 2028, down from nearly $975,000 in 2023. This represents a compound annual growth rate (CAGR) of -6.6%. Since 1999, the supply of Polish iron ore has seen a significant decrease, averaging a 21.2% drop per year. In 2023, Poland ranked 31st in iron ore exports, with the Czech Republic surpassing it with exports valued at $975,000. Leading the export rankings were Brazil, Canada, and South Africa, occupying the second, third, and fourth spots, respectively.
