Key Market Indicators
Bahrain's iron ore imports are projected to hit approximately $805 million by 2028, up from around $718 million in 2023. This represents an average annual growth rate of 1.8%. However, since 2005, the country's demand for iron ore has seen a slight annual decline of 0.6%. In 2023, Bahrain ranked 13th globally in iron ore imports, with the Netherlands leading at the same $718 million mark. Japan, South Korea, and Germany followed in the second, third, and fourth positions, respectively. On the export front, Bahrain is expected to see its iron ore exports rise to about $1.17 billion by 2028, up from nearly $1.06 billion in 2023. This growth corresponds to a compound annual growth rate (CAGR) of 1.7%. Since 2005, Bahraini iron ore supply has increased at an annual rate of 1.3%. In 2023, the country was ranked ninth in iron ore exports, trailing behind Malaysia, which also stood at approximately $1.06 billion. Brazil, Canada, and South Africa occupied the second, third, and fourth spots in the export rankings, respectively.
