According to GlobalData, Mexico is the world’s twelfth-largest producer of iron ore in 2023, with output down by 2.75% on 2022. Over the five years to 2022, production from Mexico decreased by a CAGR of 4.55% and is expected to drop by a CAGR of 1.75% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global iron ore mining to 2030 report. Buy the report here.
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Mexico accounts for 0.59% of global production, with the largest producers being Australia, Brazil, China and India.Mexico’s iron ore exports are expected to remains flat at a CAGR of 0% between 2023 and 2027.
ArcelorMittal is one of the leading producers of iron ore in Mexico. In 2021, the company’s output was down by 44% over 2020.
For more detailed analysis of global iron ore mining, buy the report here.
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