According to GlobalData, Canada is the world’s sixth-largest producer of iron ore in 2022, with output up by 8% on 2021. Over the five years to 2021, production from Canada increased by a CAGR of 4% and is expected to rise by a CAGR of 8% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Iron Ore Mining to 2026 report. Buy the report here.
Canada accounts for 3% of global production, with the largest producers being Australia, Brazil, India and China. Exports of iron ore from Canada increased by 7% in 2022 over 2021, with the highest share being exported to China. Canada’s iron ore exports are expected to grow at a CAGR of 7% between 2022 and 2026.
Leading producers of iron ore in Canada are ArcelorMittal and Rio Tinto. During 2020-2021, ArcelorMittal's output was down by 12%, Rio Tinto's output decreased by 3%.
For more detailed analysis of global iron ore mining, buy the report here.
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