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

Basic Iron And Steel May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

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

IndexBox has just published a new report "World: Pig Iron And Spiegeleisen - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of pig iron imported worldwide stood at 8.5M tonnes, declining by -34.4% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2010, an increase of 23% y-o-y. Global pig iron import peaked of 17M tonnes in 2007- however, from 2008 to 2016, it failed to regain its strength.

In value terms, pig iron imports stood at $3.1B in 2016. In general, pig iron imports continue to indicate a abrupt descent. Global pig iron import peaked of $9.5B in 2008- however, from 2009 to 2016, it failed to regain its strength.

Top Pig Iron Importing Countries in the World

1. Italy (370.8 million USD)

2. Turkey (274.0 million USD)

3. Saudi Arabia (195.4 million USD)

4. Germany (164.0 million USD)

5. Mexico (141.7 million USD)

6. Thailand (116.8 million USD)

7. Netherlands (98.1 million USD)

8. South Korea (85.8 million USD)

9. Spain (64.1 million USD)

10. Belgium (63.0 million USD)

11. Poland (53.7 million USD)

12. Indonesia (6.7 million USD)

Pig Iron Imports By Country

The countries with the highest levels of pig iron imports in 2016 were Italy (1.6M tonnes), Turkey (1.1M tonnes), Indonesia (799K tonnes), Saudi Arabia (603K tonnes), Germany (573K tonnes), Mexico (551K tonnes), Thailand (462K tonnes), South Korea (337K tonnes), the Netherlands (279K tonnes), Spain (222K tonnes), Poland (208K tonnes), and Belgium (205K tonnes), together finishing at 81% of total import.

From 2007 to 2016, the most notable growth rate of pig iron imports, among the main importing countries, was attained by Indonesia (+55.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest pig iron markets worldwide were Italy ($371M), Turkey ($274M) and Saudi Arabia ($195M), with a combined 27% share of global imports.

Saudi Arabia (+17.5% per year) experienced the highest growth rate of pig iron imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Pig Iron Import Prices By Country

In 2016, the average import price for pig iron amounted to $363 per tonne, growing by 15% against the previous year. Overall, pig iron import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when import price increased by 53% y-o-y. In that year, average pig iron import price reached its maximum level of $579 per tonne. From 2009 to 2016, growth of average pig iron import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the Netherlands ($351 per tonne), while Indonesia ($8 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of pig iron import prices was attained by Global (-0.4% per year), while the other global leaders experienced a decline in the import 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