The data for 2023 reveals China as the dominant importer of iron ores and concentrates, significantly outpacing Japan and South Korea. Countries like Malaysia, Egypt, and Oman saw positive import growth, while major European importers such as Germany and the United Kingdom experienced declines. Developing economies like the Philippines, Macedonia, and various smaller nations showed remarkable growth. The Compound Annual Growth Rate (CAGR) over the last five years varies, highlighting the stability or fluctuation in each country's demand.
Future watch focuses on:
- The sustained demand from China as key economic policies evolve.
- The impact of geopolitical factors on European import patterns.
- Potential growth opportunities in Southeast Asia as industrial activities rise.
Top countries in Import of Iron Ores and Concentrates by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 81,484,000,000 | 2023 | +1.64% | +1.67% | View data |
| 2 | 2 Japan | 10,118,000,000 | 2023 | -0.46% | +1.69% | View data |
| 3 | 3 South Korea | 5,380,600,000 | 2023 | +0.1% | -0.082% | View data |
| 4 | 4 Germany | 3,494,500,000 | 2023 | -0.23% | -0.74% | View data |
| 5 | 5 France | 1,306,300,000 | 2023 | +0.29% | -0.5% | View data |
| 6 | 6 Malaysia | 1,236,500,000 | 2023 | +4.24% | +3.26% | View data |
| 7 | 7 Egypt | 1,190,100,000 | 2023 | +4.32% | +2.93% | View data |
| 8 | 8 India | 1,153,300,000 | 2023 | +5.09% | +2.22% | View data |
| 9 | 9 Saudi Arabia | 917,120,000 | 2023 | +0.53% | -0.095% | View data |
| 10 | 10 Canada | 797,380,000 | 2023 | +1.43% | +0.95% | View data |
