According to GlobalData, Brazil is the world’s second-largest producer of iron ore, with output of 427Mt in 2022, up by 0.98% on 2021. Over the five years to 2021, production from Brazil decreased by a CAGR of 0.75% and is expected to rise by a CAGR of 4% between 2022 and 2026. 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.
Brazil accounts for 18% of global production, with the other largest producers being Australia (38%), India (10%), China (10%) and Russia (4%). Exports of iron ore from Brazil remained flat by 0.28% to 358Mt in 2022 over 2021, with the highest share being exported to China. Brazil’s iron ore exports are expected to grow at a CAGR of 3% between 2022 and 2026, to 405Mt by 2026.
Leading producers of iron ore in Brazil are Vale, Companhia Siderurgica Nacional, Anglo American and ArcelorMittal. Vale's output was 315.62Mt in 2021, up by 5% on 2020. Companhia Siderurgica Nacional produced 36.30Mt, an increase of 18%, and output from Anglo American was 32.35Mt, an increase of 5% on the previous year.
For more detailed analysis of iron ore in Brazil, buy the report here.
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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.
