Key Market Indicators
**Emirati Iron Ore Imports Projected to Reach $825 Million by 2028** The United Arab Emirates is on track to see its iron ore imports rise to $825 million by 2028, up from $776 million in 2023. This marks an average annual growth rate of 1%. Since 2012, Emirati demand for iron ore has been on a steady incline, increasing by 0.4% each year. In the global ranking for iron ore imports in 2023, the UAE stood at 11th place. Canada led the list with imports valued at $776 million, while Japan, South Korea, and Germany occupied the second, third, and fourth positions, respectively. On the export front, the UAE’s iron ore shipments totaled $130,000 in 2018, a slight increase from $129,800 in 2017, reflecting a 0.2% growth from the previous year. However, since 2012, the country's iron ore exports have declined significantly, averaging a yearly decrease of 14.6%.