According to GlobalData, South Africa is the world’s seventh-largest producer of iron ore in 2023, with output down by 4.89% on 2022. Over the five years to 2022, production from South Africa decreased by a CAGR of 1.69% 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 Global iron ore mining to 2030 report. Buy the report here.
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South Africa accounts for 3% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from South Africa declined by 4.62% in 2023 over 2022, with the highest share being exported to China. South Africa’s iron ore exports are expected to grow at a CAGR of 2.33% between 2023 and 2027.
Leading producers of iron ore in South Africa are Anglo American and African Rainbow Minerals. During 2020-2021, Anglo American's output was up by 19%, African Rainbow Minerals's output increased by 2%.
For more detailed analysis of global iron ore mining, buy the report here.
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