Key Market Indicators
Latvian iron ore imports are expected to drop to roughly $37,000 by 2026, down 20 percent from 2021's total of $131,400. Since 1999, the demand for these imports has decreased by an average of 4.7 percent each year. In 2021, Latvia was ranked 69th in the world, with Barbados coming in ahead at $131,400. Japan, South Korea, and Germany followed in second, third, and fourth places, respectively.
Latvia Iron Ore Market Data and Forecasts
How much will Latvia Iron Ore Market grow to 2026?
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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