Iron ore production in Canada showed a consistent increasing trend from 2013 to 2023, with volumes reaching 32.57 million metric tons in 2023. The year-on-year variation highlighted steady growth, except for a decline in 2020 (-3.32%). Over the past five years, the CAGR was 1.7%, indicating moderate growth. Production is forecasted to reach up to 35.22 million metric tons by 2028, with a forecasted 5-year CAGR of 1.23%.

Future trends to watch for:

Technological advancements in mining processes for enhanced efficiency and output.
Fluctuation in global iron ore prices impacting production decisions.
Environmental regulations potentially influencing production capacities.