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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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