According to GlobalData, Australia is the world’s largest producer of iron ore in 2022, with output up by 1% on 2021. Over the five years to 2021, production from Australia increased by a CAGR of 1% and is expected to rise by a CAGR of 3% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Australia Iron Ore Mining to 2026 report. Buy the report here.
Australia accounts for 38% of global production, with the other largest producers being Brazil, India, China and Russia. Exports of iron ore from Australia increased by 1% in 2022 over 2021, with the highest share being exported to China. Australia’s iron ore exports are expected to grow at a CAGR of 3% between 2022 and 2026.
Leading producers of iron ore in Australia are Rio Tinto, BHP, Fortescue Metals Group, Mitsui and Mineral Resources. During 2020-2021, Rio Tinto's output was down by 3%, BHP's output increased by 0.11%, while output from Fortescue Metals Group increased by 18%.
For more detailed analysis of iron ore in Australia, buy the report here.
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