Forecast: Export of Iron Ores and Concentrates from Australia

In 2023, Australia's export value for iron ores and concentrates stood at 52.650 billion US Dollars. The forecasted data for the years 2024 to 2028 suggest a steady year-on-year increase in export value, rising from 53.678 billion in 2024 to 57.797 billion US Dollars by 2028. This reflects an annual growth rate of approximately 1.98% per year.

Year-on-year variations in percentage:

  • 2024: 1.95%
  • 2025: 1.98%
  • 2026: 1.90%
  • 2027: 1.83%
  • 2028: 1.76%

The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.88% annually.

Future trends to watch for include fluctuations in global demand influenced by industrial production in major importing countries such as China, potential regulatory changes, geopolitical risks affecting trade routes, and advancements in mining technology that could impact production costs and export volumes.

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