Which Country Imports the Most Ferrous Products in the World?

In 2016, approx. X tons of ferrous products were imported worldwide; dropping by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2013, an increase of X% from the previous year level. In that year, global ferrous products imports reached its maximum volume of X tons. From 2014 to 2016, growth of global ferrous products imports failed to regain its strength.

In value terms, ferrous products imports stood at $X in 2016. Overall, ferrous products imports continue to indicate a slight reduction. Over the period under review, global ferrous products imports reached its maximum level of $X in 2011; however, from 2012 to 2016, it failed to regain its strength.

Top Ferrous Products Importing Countries in the World

X. Saudi Arabia (X million USD)

X. Italy (X million USD)

X. Oman (X million USD)

X. Kuwait (X million USD)

X. Turkey (X million USD)

X. Germany (X million USD)

X. Malaysia (X million USD)

X. Brazil (X million USD)

X. Bahrain (X million USD)

X. Trinidad and Tobago (X million USD)

X. Russia (X million USD)

X. Venezuela (X million USD)

Ferrous Products Imports By Country

The countries with the highest levels of ferrous products imports in 2016 were Venezuela (X tons), Russia (X tons), Trinidad and Tobago (X tons), Saudi Arabia (X tons), Oman (X tons), Italy (X tons), Bahrain (X tons), and Malaysia (X tons), together recording X% of total import. Germany (X tons), Brazil (X tons), Kuwait (X tons), and Turkey (X tons) held the weak share of total imports.

From 2007 to 2016, the most notable growth rate of ferrous products imports, among the main importing countries, was attained by Oman (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Italy ($X) and Oman ($X) were the countries with the highest levels of imports in 2016, together comprising X% of global imports.

Saudi Arabia (+X% per year) had the highest rates of growth with regard to the ferrous products imports, among the main importing countries, over the last X years, while the other global leaders experienced more modest paces of growth.

Ferrous Products Import Prices By Country

In 2016, the average import price for ferrous products amounted to $X per ton, coming down by -X% against the previous year. In general, ferrous products import price continues to indicate a deep descent. The pace of growth appeared the most rapid in 2008, when import price increased by X% y-o-y. Global ferrous products import peaked of $X per ton in 2011; however, from 2012 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Kuwait ($X per ton), while Venezuela ($X per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of ferrous products import prices was attained by Malaysia (+X% per year), while the other global leaders experienced more modest paces of growth.

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

• ferrous products market share
• ferrous products prices
• ferrous products industry
• ferrous products sales
• ferrous products import
• ferrous products export
• ferrous products market forecast
• ferrous products price forecast
• key ferrous products producers

This article was written on the product's HS-code: X.

Source: IndexBox Market Intelligence Platform