According to GlobalData, the Ukraine is the world’s tenth-largest producer of iron ore in 2022, with output 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 largest producers being Australia, Brazil, India and China. Exports of iron ore from the Ukraine declined by 43.9% 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.
Leading producers of iron ore in the Ukraine are Metinvest and ArcelorMittal. During 2020-2021, Metinvest's output was up by 3%, ArcelorMittal's output decreased by 12%.
For more detailed analysis of global iron ore mining, buy the report here.
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