According to a report issued by the United Nations Conference on Trade and Development, in 2010, global iron ore pellet output totaled 388.1 million tonne up by 32% YoY hitting an all-time peak level.
In 2010, China was the world's largest iron ore pellet producing country with an output of 110.3 million tonne. The UNCTAD report points to strong demand in the global iron ore pellet market. More than 5 million tonne of new iron ore pellet production capacities are under construction in China.
In terms of exports, in 2010 Brazil was the world's largest exporter of pellets with an export volume of 53.6 million tonne while Canada ranked second with 21.2 million tonne.