Key Market Indicators
Armenian iron ore imports are expected to reach around $1.4 million by 2026. This represents an average annual growth rate of 4.4%, with demand having grown 36.1% since 2008. Armenia came in at 53rd place in 2021, behind Iceland at $1.064 million. Japan, South Korea and Germany followed in 2nd, 3rd and 4th place respectively. Meanwhile, supply has decreased by 41% year on year since 2011, with Armenia ranking 77th in 2018, behind Zambia at $1. Brazil, Canada and South Africa took 2nd, 3rd and 4th place respectively.
