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.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
