According to GlobalData, Brazil is the world’s second-largest producer of iron ore in 2023, with output up by 3% on 2022. Over the five years to 2022, production from Brazil decreased by a CAGR of 3.64% and is expected to rise by a CAGR of 2% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Brazil Iron Ore Mining to 2026 report. Buy the report here.
Brazil accounts for 16% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from Brazil increased by 3% in 2023 over 2022, with the highest share being exported to China. Brazil’s iron ore exports are expected to grow at a CAGR of 1.82% between 2023 and 2027.
Leading producers of iron ore in Brazil are Vale, Companhia Siderurgica Nacional, Anglo American and ArcelorMittal. During 2020-2021, Vale's output was down by 2%, Companhia Siderurgica Nacional's output decreased by 7%, while output from Anglo American decreased by 33%.
For more detailed analysis of iron ore in Brazil, buy the report here.
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