Key Market Indicators
Czech Iron Ore Imports are projected to decline to approximately $485 million by 2028, down from around $513 million in 2023. This marks an annual decrease of 0.9% on average. Czech demand for iron ore has been on a downward trend, declining by 1.5% per year since 1998. In the global ranking for 2023, the Czech Republic stood at number 23, with Qatar surpassing it at the same import value of $513 million. Japan, South Korea, and Germany occupied the second, third, and fourth positions, respectively. In contrast, Czech Iron Ore Exports are expected to drop to about $972,000 by 2028, from roughly $1.33 million in 2023. This represents an average annual decrease of 4.9%. However, since 1998, Czech iron ore supply has shown significant growth, increasing by 7.3% per year. In the 2023 export ranking, the Czech Republic was listed at number 30, with Hungary leading at the same export value of $1.33 million. Brazil, Canada, and South Africa ranked second, third, and fourth, respectively.
