Key Market Indicators
**Dane Iron Ore Imports Projected to Decline by 2028** Dane iron ore imports are forecasted to decline to approximately $3.1 million by 2028, down from around $3.3 million in 2023. This represents an average annual decrease of 0.5%. Since 1994, Dane demand for iron ore has decreased by an average of 5.5% each year. In 2023, Dane ranked 39th globally in iron ore imports, with Bosnia and Herzegovina surpassing it at the same import value of $3.3 million. Leading the global rankings in iron ore imports were Japan, South Korea, and Germany, occupying the second, third, and fourth spots respectively. Meanwhile, Dane iron ore exports fell to about $14,600 in 2019, down from $15,600 in 2018, marking a 6.6% year-on-year decrease. Despite this recent decline, Dane's iron ore supply has grown significantly, increasing by 89.4% annually since 1994.