Report Update: Dec 2, 2023

Turkey - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends And Insights

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Pig Iron Articles Price in Turkey - 2023

Name: Pig Iron Articles Price in Turkey - 2023
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Pig Iron Articles Price Turkey, IndexBox, market research, global market, publisher

Pig Iron Articles Price in Turkey (FOB) - 2022

In 2022, the average pig iron articles export price amounted to $986 per ton, growing by 25% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pig iron articles export price increased by +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($1,130 per ton) and Germany ($1,057 per ton), while the average price for exports to the United States ($827 per ton) and Italy ($901 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Price in Turkey (CIF) - 2022

In 2022, the average pig iron articles import price amounted to $1,577 per ton, shrinking by -4.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 17% against the previous year. The import price peaked at $1,650 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($8,968 per ton), while the price for Canada ($659 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Pig Iron Articles Exports in Turkey

In 2022, approx. 20K tons of granules and powders of pig iron were exported from Turkey; waning by -60.6% compared with the previous year's figure. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 127% against the previous year. As a result, the exports reached the peak of 52K tons, and then shrank dramatically in the following year.

In value terms, pig iron articles exports dropped remarkably to $20M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 184% against the previous year. As a result, the exports attained the peak of $41M, and then dropped sharply in the following year.

Export of Pig Iron Articles in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	9.6	6.6	18.7	9.5	-0.3%
United States	3.3	3.1	6.0	3.1	-2.1%
Mexico	1.8	1.0	3.9	1.9	1.8%
Taiwan (Chinese)	1.2	0.7	3.3	1.7	12.3%
India	0.5	0.4	1.7	0.8	17.0%
Italy	0.8	0.6	1.4	0.7	-4.4%
United Arab Emirates	0.6	0.6	1.0	0.6	0.0%
Others	2.1	1.5	5.3	1.9	-3.3%
Total	19.8	14.5	41.1	20.2	0.7%

Top Export Markets for Pig Iron Articles from Turkey in 2022:

Germany (9.0K tons)
United States (3.7K tons)
Mexico (2.0K tons)
Taiwan (Chinese) (1.8K tons)
Italy (0.8K tons)
India (0.8K tons)
United Arab Emirates (0.5K tons)

Pig Iron Articles Imports in Turkey

In 2022, approx. 19K tons of granules and powders of pig iron were imported into Turkey; waning by -18.4% on the previous year. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of 23K tons, and then shrank rapidly in the following year.

In value terms, pig iron articles imports declined significantly to $29M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of $38M, and then contracted remarkably in the following year.

Import of Pig Iron Articles in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	5.2	5.2	8.6	6.6	8.3%
China	6.7	6.0	4.3	4.7	-11.1%
Germany	2.9	3.4	5.0	3.9	10.4%
Romania	2.2	2.2	3.2	2.3	1.5%
Egypt	0.5	0.8	2.0	1.3	37.5%
France	0.6	1.0	1.7	1.2	26.0%
Bosnia and Herzegovina	0.4	0.7	1.7	1.1	40.1%
Canada	0.8	0.5	1.3	1.0	7.7%
Ukraine	0.5	0.4	1.0	0.8	17.0%
South Africa	1.1	0.6	0.2	0.7	-14.0%
Others	3.2	3.8	8.7	5.8	21.9%
Total	24.0	24.5	37.7	29.4	7.0%

Top Suppliers of Pig Iron Articles to Turkey in 2022:

Sweden (4.6K tons)
China (2.8K tons)
Romania (1.6K tons)
Canada (1.5K tons)
Germany (1.2K tons)
France (1.1K tons)
Ukraine (0.9K tons)
South Africa (0.9K tons)
Egypt (0.9K tons)
Bosnia and Herzegovina (0.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pig iron articles market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 24101410 - Granules and powders, of pig iron, spiegeleisen, iron or steel

Country coverage:

• Turkey

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Turkey

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption In 2012-2022
5. Imports, In Physical Terms, By Country, 2012–2022
6. Imports, In Value Terms, By Country, 2012–2022
7. Import Prices, By Country Of Origin, 2012–2022
8. Exports, In Physical Terms, By Country, 2012–2022
9. Exports, In Value Terms, By Country, 2012–2022
10. Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
5. Trade Balance, In Physical Terms, 2012-2022
6. Trade Balance, In Value Terms, 2012-2022
7. Per Capita Consumption, 2012-2022
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2022
22. Production, In Value Terms, 2012–2022
23. Imports, In Physical Terms, 2012–2022
24. Imports, In Value Terms, 2012–2022
25. Imports, In Physical Terms, By Country, 2022
26. Imports, In Physical Terms, By Country, 2012–2022
27. Imports, In Value Terms, By Country, 2012–2022
28. Import Prices, By Country Of Origin, 2012–2022
29. Exports, In Physical Terms, 2012–2022
30. Exports, In Value Terms, 2012–2022
31. Exports, In Physical Terms, By Country, 2022
32. Exports, In Physical Terms, By Country, 2012–2022
33. Exports, In Value Terms, By Country, 2012–2022
34. Export Prices, By Country Of Destination, 2012–2022