In 2023, Australia's import of unagglomerated iron ore and concentrate stood at 60.369 million USD. From 2013 to 2014, imports saw a steep increase of 374.86%, reaching a peak in 2014. However, the import values decreased dramatically by 71.45% in 2015 before gradually increasing through intermittent fluctuations. By 2022, the imports rose by 4.29% compared to 2021, followed by a modest 4.03% rise in 2023. The compound annual growth rate (CAGR) for the past five years was 1.1%. The forecast from 2024 to 2028 shows a slower CAGR of 2.89%, indicating stabilized growth.

Future trends to watch include:

Stable year-on-year growth rates as the iron ore market matures.
Potential market disruptions due to global trade policies and environmental regulations impacting iron ore supply chains.
Technological advancements in mining and transportation which could affect import volumes and values.