Canada's iron ore production has shown a steady increase from 42.06 million metric tons in 2013 to 54.59 million metric tons in 2023. This increase represents a significant growth trajectory over the past decade, with fluctuations particularly noted in 2017 and 2020 where growth rate dipped but quickly recovered in the subsequent years. In 2023, production stood at 54.59 million metric tons, reflecting a year-on-year growth of 1.77% and a 5-year CAGR of 1.91%.

Looking ahead, Canada's iron ore production is forecasted to continue its upward trend, reaching 59.54 million metric tons by 2028 with a forecasted 5-year CAGR of 1.37% and an overall 5-year growth rate of 7.03%. These figures indicate moderate but consistent growth, ensuring Canada maintains a stable increase in production capacity.

Future trends to watch for:

Technological advancements in mining and ore processing which could improve efficiency.
Environmental regulations that may impact production practices and costs.
Global market demand fluctuations, particularly from major importing countries.
Economic conditions and investment in mining infrastructure within Canada.