According to GlobalData, Brazil is the world’s second-largest producer of iron ore in 2023, with output up by 3% on 2022. Over the five years to 2022, production from Brazil decreased by a CAGR of 3.64% and is expected to rise by a CAGR of 2% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Brazil Iron Ore Mining to 2026 report. Buy the report here.
Smarter leaders trust GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Brazil accounts for 16% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from Brazil increased by 3% in 2023 over 2022, with the highest share being exported to China. Brazil’s iron ore exports are expected to grow at a CAGR of 1.82% between 2023 and 2027.
Leading producers of iron ore in Brazil are Vale, Companhia Siderurgica Nacional, Anglo American and ArcelorMittal. During 2020-2021, Vale's output was down by 2%, Companhia Siderurgica Nacional's output decreased by 7%, while output from Anglo American decreased by 33%.
For more detailed analysis of iron ore in Brazil, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
