According to GlobalData, Brazil is the world’s second-largest producer of iron ore in 2022, with output 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 largest producers being Australia, India, China and Russia. Exports of iron ore from Brazil increased by 0.28% 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.
Leading producers of iron ore in Brazil are Vale, Companhia Siderurgica Nacional, Anglo American and ArcelorMittal. During 2020-2021, Vale's output was up by 5%, Companhia Siderurgica Nacional's output increased by 18%, while output from Anglo American increased by 5%.
For more detailed analysis of iron ore in Brazil, buy the report here.
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