In 2023, South Africa led the global export market in agglomerated iron ore and concentrate, slightly decreasing by 0.5% year-on-year. Brazil and Sweden followed, with Brazil experiencing a 5.71% decline, while Sweden increased by 1.19%. Canada's share rose by 3.42%, and Ukraine grew by 1.88%. Notable growth was seen in India and Oman, rising by 5.78% and 6.2% respectively. A marked decline occurred in Chile (-26.73%), while China saw a significant increase (+17.8%). Over the past five years, Malaysia experienced the highest average annual growth rate.
Looking forward, demand for sustainable mining practices and fluctuations in global demand will be key factors affecting exports. Emerging markets may present growth opportunities, while developed countries might face increased competition and regulatory challenges.
Top countries in Export of Agglomerated Iron Ore and Concentrate Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 15.03 | 2023 | -1.21% | -0.5% | View data |
| 2 | 2 Brazil | 14.77 | 2023 | -3.63% | -5.71% | View data |
| 3 | 3 Sweden | 12.06 | 2023 | +1.65% | +1.19% | View data |
| 4 | 4 Ukraine | 10.01 | 2023 | +3% | +1.88% | View data |
| 5 | 5 Canada | 10.01 | 2023 | +0.89% | +3.42% | View data |
| 6 | 6 Russia | 7.97 | 2023 | +3.07% | +1.78% | View data |
| 7 | 7 India | 6.73 | 2023 | +5.46% | +5.78% | View data |
| 8 | 8 Bahrain | 6.01 | 2023 | +2.25% | +1.41% | View data |
| 9 | 9 United States | 5.37 | 2023 | +1.29% | -0.27% | View data |
| 10 | 10 Oman | 4.02 | 2023 | +3.57% | +6.2% | View data |
