Forecast: Export of Iron Ores and Concentrates from Canada

In 2023, the export of iron ores and concentrates from Canada stood at 5.363 billion US dollars. From 2024 to 2028, the forecasted data shows a consistent year-on-year growth: 2024 sees an increase of 3.1%, 2025 at 3.2%, 2026 at 3.0%, 2027 at 2.9%, and 2028 at 2.8%. Over the last two years, we see an average year-on-year increase of approximately 3.0%. The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is around 3.0%.

Future trends to watch for include potential impacts of geopolitical events on global trade, technological advancements in mining and extraction, policy changes regarding environmental regulations, and fluctuating global demand driven by industrial growth in major economies like China and India.

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