According to GlobalData, Iran is the world’s eighth-largest producer of iron ore, with output of 51Mt in 2022, up by 3% on 2021. Over the five years to 2021, production from Iran increased by a CAGR of 6% and is expected to rise by a CAGR of 0.3% 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.
Iran accounts for 2% of global production, with the other largest producers being Australia (38%), Brazil (18%), India (10%) and China (10%). Exports of iron ore from Iran increased by 3% to 4Mt in 2022 over 2021, with the highest share being exported to China. Iran’s iron ore exports are expected to grow at a CAGR of 0.26% between 2022 and 2026, to 4Mt by 2026.
For more detailed analysis of global iron ore mining, buy the report here.