World - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Dec 1, 2023

World - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

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Pig Iron Market

Pig iron market: get the latest info powered by an Ai-driven business intelligence platform. Info include exports, market size, trade, imports, companies, market prices, consumption, and production. Here is a split by country, including the Middle East, Latin America, Africa, Russia, China, the U.S., the U.K., and EU. Market insights and forecast to 2030 are also featured in the reports.


Get FREE access to the latest REPORT on the Pig Iron Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Pig Iron - World's Largest Markets

RatingCountry
1China
2South Korea
3Russia
4India
5Turkey

In value terms, China led the market, alone. The second position in the ranking was occupied by South Korea. It was followed by Russia.

In China, the pig iron market increased at an average annual rate of +3.8% over the period from 2018-2020. In the other countries, the average annual rates were as follows: South Korea (+5.2% per year) and Russia (-4.3% per year).

Pig Iron Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Venezuela174152133-12.6%
South Africa391431290-13.9%
Ukraine350372297-7.9%
Brazil392414302-12.2%
Russia373339312-8.5%
Japan513435313-21.9%
India384340315-9.4%
Germany448425358-10.6%
Netherlands4724394800.8%
Indonesia1160658577-29.5%
Average372369316-7.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Indonesia ($577 per ton), while Venezuela ($133 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Saudi Arabia512458415-10.0%
Netherlands3983984152.1%
China556558369-18.5%
Germany428417364-7.8%
United States415372348-8.4%
Turkey391357327-8.5%
Italy383341325-7.9%
Mexico335346241-15.2%
Average408378358-6.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Saudi Arabia ($415 per ton), while Mexico ($241 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the import price figures.

Pig Iron - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China0.050.042542.3%
United States2.51.91.6-20.8%
Turkey0.50.40.4-14.8%
Italy0.70.50.4-26.3%
Netherlands0.20.20.2-8.6%

In value terms, China ($2B), the United States ($1.6B) and Turkey ($370M) were the countries with the highest levels of imports in 2020, with a combined 71% share of global imports.

In terms of the main importing countries, China (+542.3% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Pig Iron - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Russia2.21.41.3-22.1%
Brazil0.811.122.7%
Ukraine1.110.9-6.4%
Netherlands0.050.050.290.8%
Japan0.010.020.2251.0%

In value terms, the largest pig iron supplying countries worldwide were Russia ($1.3B), Brazil ($1.1B) and Ukraine ($922M), with a combined 71% share of global exports. These countries were followed by the Netherlands, Japan, Indonesia, India, South Africa, Germany and Venezuela, which together accounted for a further 20%.

Among the main exporting countries, Japan (+251.0% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Pig Iron - Market Forecast

Driven by increasing demand for pig iron worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Pig Iron - Top Companies

Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.

Pig Iron - Product Coverage

  • HS 7201 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global pig iron market. 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 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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. 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. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    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. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2022
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2022
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    1. United States
    2. China
    3. Japan
    4. Germany
    5. United Kingdom
    6. France
    7. Brazil
    8. Italy
    9. Russian Federation
    10. India
    11. Canada
    12. Australia
    13. Republic of Korea
    14. Spain
    15. Mexico
    16. Indonesia
    17. Netherlands
    18. Turkey
    19. Saudi Arabia
    20. Switzerland
    21. Sweden
    22. Nigeria
    23. Poland
    24. Belgium
    25. Argentina
    26. Norway
    27. Austria
    28. Thailand
    29. United Arab Emirates
    30. Colombia
    31. Denmark
    32. South Africa
    33. Malaysia
    34. Israel
    35. Singapore
    36. Egypt
    37. Philippines
    38. Finland
    39. Chile
    40. Ireland
    41. Pakistan
    42. Greece
    43. Portugal
    44. Kazakhstan
    45. Algeria
    46. Czech Republic
    47. Qatar
    48. Peru
    49. Romania
    50. Vietnam
  12. 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, By Country, 2018–2022
    5. Production, In Physical Terms, By Country, 2012–2022
    6. Imports, In Physical Terms, By Country, 2012–2022
    7. Imports, In Value Terms, By Country, 2012–2022
    8. Import Prices, By Country Of Destination, 2012–2022
    9. Exports, In Physical Terms, By Country, 2012–2022
    10. Exports, In Value Terms, By Country, 2012–2022
    11. Export Prices, By Country Of Origin, 2012–2022
  13. LIST OF FIGURES
    1. Market Volume, In Physical Terms, 2012–2022
    2. Market Value, 2012–2022
    3. Consumption, By Country, 2022
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2022
    18. Production, In Value Terms, 2012–2022
    19. Production, By Country, 2022
    20. Production, In Physical Terms, By Country, 2012–2022
    21. Imports, In Physical Terms, 2012–2022
    22. Imports, In Value Terms, 2012–2022
    23. Imports, In Physical Terms, By Country, 2022
    24. Imports, In Physical Terms, By Country, 2012–2022
    25. Imports, In Value Terms, By Country, 2012–2022
    26. Import Prices, By Country, 2012–2022
    27. Exports, In Physical Terms, 2012–2022
    28. Exports, In Value Terms, 2012–2022
    29. Exports, In Physical Terms, By Country, 2022
    30. Exports, In Physical Terms, By Country, 2012–2022
    31. Exports, In Value Terms, By Country, 2012–2022
    32. Export Prices, 2012–2022
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