According to GlobalData, the Ukraine is the world’s tenth-largest producer of iron ore, with output of 42Mt in 2022, down by 48.62% on 2021. Over the five years to 2021, production from the Ukraine increased by a CAGR of 8% and is expected to rise by a CAGR of 14% 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.
The Ukraine 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 the Ukraine declined by 43.9% to 25Mt in 2022 over 2021, with the highest share being exported to China. the Ukraine’s iron ore exports are expected to grow at a CAGR of 10% between 2022 and 2026, to 36Mt by 2026.
Leading producers of iron ore in the Ukraine are Metinvest and ArcelorMittal. Metinvest's output was 31.34Mt in 2021, up by 3% on 2020. ArcelorMittal produced 9.41Mt, a decrease of 12% on the previous year.
For more detailed analysis of global iron ore mining, buy the report here.