According to GlobalData, the Ukraine is the world’s tenth-largest producer of iron ore in 2023, with output down by 8.67% on 2022. Over the five years to 2022, production from the Ukraine decreased by a CAGR of 12.38% and is expected to drop by a CAGR of 0.19% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global iron ore mining to 2030 report. Buy the report here.
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The Ukraine accounts for 1% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from the Ukraine declined by 8.63% in 2023 over 2022, with the highest share being exported to China. The Ukraine’s iron ore exports are expected to drop at a CAGR of 0.19% between 2023 and 2027.
Leading producers of iron ore in the Ukraine are Metinvest and ArcelorMittal. During 2020-2021, Metinvest's output was down by 66%, ArcelorMittal's output decreased by 44%.
For more detailed analysis of global iron ore mining, buy the report here.
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