According to GlobalData, South Africa is the world’s seventh-largest producer of iron ore in 2022, with output down by 0.48% on 2021. Over the five years to 2021, production from South Africa decreased by a CAGR of 4.47% and is expected to rise by a CAGR of 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.
South Africa accounts for 3% of global production, with the largest producers being Australia, Brazil, India and China. Exports of iron ore from South Africa declined by 0.44% in 2022 over 2021, with the highest share being exported to China. South Africa’s iron ore exports are expected to grow at a CAGR of 3% between 2022 and 2026.
Leading producers of iron ore in South Africa are Anglo American and African Rainbow Minerals. During 2020-2021, Anglo American's output was up by 5%, African Rainbow Minerals's output decreased by 0.99%.
For more detailed analysis of global iron ore mining, buy the report here.
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