According to GlobalData, China is the world’s fourth-largest producer of iron ore, with output of 248Mt in 2022, down by 6.94% on 2021. Over the five years to 2021, production from China increased by a CAGR of 23% and is expected to drop by a CAGR of 3.18% 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.
China accounts for 10% of global production, with the other largest producers being Australia (38%), Brazil (18%), India (10%) and Russia (4%). Exports of iron ore from China increased by 5% to 24Mt in 2022 over 2021, with the highest share being exported to Japan. China’s iron ore exports are expected to drop at a CAGR of 0.34% between 2022 and 2026, to 24Mt by 2026.
For more detailed analysis of global iron ore mining, 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.
