Key Market Indicators
Macedonian iron ore import is projected to reach $113,000 by 2026, up from $81,000 in 2021. That's a yearly average growth of 5.5%. Since 2014, demand for iron ore in Macedonia has grown 202%. In 2021, the country was in 73rd place, overtaken by Croatia at $81,000. Japan, South Korea and Germany were in the top four. Iron ore export from Macedonia is set to decline by 1.5% a year on average, to $1,400 by 2026. Since 1999, the yearly growth rate has been 20.2%. In 2021, Macedonia was at 69th place, overtaken by Greece at $1,500. Brazil, Canada and South Africa were in the top four.
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