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Malaysia's iron ore imports are expected to hit around $1.4 billion by 2026, up 3.4% year-on-year from $1.1 billion in 2021. Since 1994, there has been an 8.5% year-on-year increase in demand. In 2021, Malaysia was the 6th highest importer, behind France with $1.1 billion. Japan, South Korea and Germany ranked 2nd, 3rd and 4th respectively. Malaysia's iron ore exports are projected to reach $1.3 billion by 2026, at an average year-on-year growth rate of 3.8%. Since 1994, there has been a 5% year-on-year rise in exports. In 2021, Malaysia was the 8th largest exporter, with Bahrain leading at $1.04 billion. Brazil, Canada and South Africa ranked 2nd, 3rd and 4th respectively.
Malaysia Iron Ore Market Data and Forecasts
How much will Malaysia Iron Ore Market grow to 2026?More in Iron Ore Industry for 2027
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