Which Country Exports the Most Pig Iron and Spiegeleisen in the World?

Basic Iron And Steel May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the amount of pig iron exported worldwide amounted to 10M tonnes, going down by -21.5% against the previous year figure. In general, pig iron exports continue to indicate a deep drop. The pace of growth was the most pronounced in 2011, an increase of 17% year-to-year. Global pig iron export peaked of 17M tonnes in 2007; however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, pig iron exports totaled $2.4B in 2016. Overall, pig iron exports continue to indicate a drastic reduction. In that year, global pig iron exports reached its maximum level of $6.8B. From 2012 to 2016, growth of global pig iron exports stood at a somewhat lower level.

Top Pig Iron Exporting Countries in the World

1. Russia (1,171.8 million USD)

2. Brazil (523.7 million USD)

3. South Africa (96.1 million USD)

4. Indonesia (89.3 million USD)

5. India (86.1 million USD)

6. Belgium (61.9 million USD)

Pig Iron Exports By Country

Russia (5.1M tonnes) was the main exporter of pig iron in the world, reaching 5.1M tonnes, which was approx. 51% of total exports in 2016. It was distantly followed by Brazil (2.2M tonnes), Indonesia (569K tonnes), and India (556K tonnes), together mixed up 33% share of total pig iron exports. South Africa (312K tonnes), and Belgium (178K tonnes) occupied the minor share of total exports.

From 2007 to 2016, average annual rates of growth with regard to pig iron exports from Russia stood at -1.0%. At the same time, Indonesia (+191.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer/exporter in the world, with a CAGR of +191.5% from 2007-2016. By contrast, India (-3.4%), Belgium (-4.6%), South Africa (-7.3%), and Brazil (-10.6%) illustrated a downward trend over the same period. Brazil (38%), Russia (5%), South Africa (3%), and India (2%) significantly strengthened its position in terms of the global exports, while Indonesia saw its share reduced by -5.7% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($1.2B) remains the largest pig iron supplier in the world, making up 49% of global exports. The second position in the ranking was occupied by Brazil ($524M), with the share of 22% of global exports. It was followed by South Africa, with the share of 4%.

From 2007 to 2016, the average annual rate of growth in terms of value of pig iron exports in Russia decreased by -4.5%. In the other countries, the average annual rates were as follows: Brazil (-13.2% per year) and South Africa (-7.2% per year).

Pig Iron Export Prices By Country

In 2016, the average export price for pig iron amounted to $241 per tonne, descending by -16.0% against the previous year. In general, pig iron export price continues to indicate a noticeable drop. The most prominent rate of growth was recorded in 2010, when export increased by 25% against the previous year level. Global pig iron export peaked of $492 per tonne in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was Belgium ($349 per tonne), while India ($155 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of pig iron export prices was attained by South Africa (+0.1% per year), while the other global leaders experienced a decline in the export price figures.

Do you want to know more about global pig iron market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • pig iron market share
  • pig iron prices
  • pig iron industry
  • pig iron sales
  • pig iron import
  • pig iron export
  • pig iron market forecast
  • pig iron price forecast
  • key pig iron producers

All data provided in this article covers the following product: HS Code 7201 - Pig iron and spiegeleisen in pigs, blocks or other primary forms.

Source: World: Pig Iron And Spiegeleisen - Market Report. Analysis and Forecast to 2025