According to GlobalData, Australia is the world’s largest producer of iron ore in 2023, with output up by 0.28% on 2022. Over the five years to 2022, production from Australia increased by a CAGR of 1% and is expected to rise by a CAGR of 4% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Australia Iron Ore Mining to 2026 report. Buy the report here.
Australia accounts for 36% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from Australia remained flat by 0.28% in 2023 over 2022, with the highest share being exported to China. Australia’s iron ore exports are expected to grow at a CAGR of 3.91% between 2023 and 2027.
Leading producers of iron ore in Australia are Rio Tinto, BHP, Fortescue Metals Group, Mitsui and Mineral Resources. During 2020-2021, Rio Tinto's output was up by 4%, BHP's output increased by 3%, while output from Fortescue Metals Group decreased by 8%.
For more detailed analysis of iron ore in Australia, buy the report here.
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