Global Iron Ore Trends in 2022
Iron Ore is part of Metals and includes a number of sub-sectors such as Seaborne Iron Ore. You may also be interested in Non-Ferrous Metal.
Global iron ore exports are estimated to reach $81.7 billion by 2026, a 1.8% drop from the 2021 figure of $91.7 billion. Since 2016, global supply has grown 5% on average each year. Australia was the top exporter in 2021, with $50.6 billion, followed by Brazil, Canada and South Africa. Spain saw a 303% year-on-year increase, while Azerbaijan's exports were down 86.3% compared to 2016. Global iron ore imports are predicted to reach $95.8 billion by 2026, a 2.1% drop from 2021's $109.3 billion. Since 2016, global demand has grown 5.1% annually. China was the leading importer in 2021, with $78.8 billion, followed by Japan, South Korea and Germany. Mongolia saw a 496% year-on-year increase, while Iran's imports were down 93.8% compared to 2016.
Top 10 countries
In 2022 major markets in the Iron Ore Industry were:
Iron Ore Market Data and Forecasts
How much the Iron Ore industry is expected to grow to 2026?
More in Iron Ore Industry for 2027What are the world's biggest Iron Ore markets?
More in Iron Ore MarketGlobal Iron Ore Statistics
- Shipping Freight Volume 67 countries (Western Europe, Europe, Germany...)
- Number Of Enterprises 67 countries (Europe, Northern Europe, Southern Europe...)
- Iron Ore Production 42 countries (Europe, Western Europe, Germany...)
- Iron Ore Import 163 countries (Europe, Asia, Africa...)
- Iron Ore Export 128 countries (Europe, Eastern Europe, Southern Europe...)
- Iron Import 192 countries (Europe, Asia, Africa...)
- Labour Utilisation 97 countries (Europe, Northern Europe, Eastern Europe...)
- Iron Export 188 countries (Europe, Asia, Eastern Europe...)
- Metal Products Import 192 countries (Africa, Asia, Sub-Saharan Africa...)
- Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)
