According to GlobalData, South Africa is the world’s seventh-largest producer of iron ore, with output of 62Mt in 2022, 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 other largest producers being Australia (38%), Brazil (18%), India (10%) and China (10%). Exports of iron ore from South Africa remained flat by 0.44% to 68Mt 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, to 77Mt by 2026.
Leading producers of iron ore in South Africa are Anglo American and African Rainbow Minerals. Anglo American's output was 31.55Mt in 2021, up by 5% on 2020. African Rainbow Minerals produced 15.93Mt, a decrease of 0.99% on the previous year.
For more detailed analysis of global iron ore mining, buy the report here.