Austria - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

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

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Pig Iron Price in Austria - 2023

Contents:

  1. Pig Iron Price in Austria (CIF) - 2023
  2. Pig Iron Price in Austria (FOB) - 2022
  3. Pig Iron Imports in Austria
  4. Pig Iron Exports in Austria

Pig Iron Price in Austria (CIF) - 2023

In July 2023, the average pig iron import price amounted to $667 per ton, reducing by -6.4% against the previous month. In general, the import price showed a noticeable decline. The most prominent rate of growth was recorded in May 2023 an increase of 40% m-o-m. The import price peaked at $1,274 per ton in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($39,984 per ton), while the price for Germany ($623 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+37.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Pig Iron Price in Austria (FOB) - 2022

The average pig iron export price stood at $1,738 per ton in 2022, surging by 13% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 234% against the previous year. As a result, the export price attained the peak level of $16,300 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($3,510 per ton), while the average price for exports to Italy amounted to $210 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+33.2%), while the prices for the other major destinations experienced mixed trend patterns.

Pig Iron Imports in Austria

Pig iron imports into Austria declined notably to 9.2K tons in 2022, falling by -26.5% against 2021. In general, imports faced a sharp setback. The smallest decline of -18.7% was in 2020.

In value terms, pig iron imports reached $8.1M in 2022. Over the period under review, imports saw a abrupt slump.

Import of Pig Iron in Austria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.81.42.95.084.2%
Italy3.52.74.81.9-18.4%
Czech Republic0.2N/A0.20.965.1%
BelgiumN/AN/AN/A0.20%
FranceN/AN/AN/A0.10%
Russia3.32.3N/AN/A-30.3%
Brazil0.40.5N/AN/A25.0%
Ukraine1.71.2N/AN/A-29.4%
Others0.20.30.1N/A-29.3%
Total10.18.48.08.1-7.1%

Top Suppliers of Pig Iron to Austria in 2022:

  1. Germany (5.3K tons)
  2. Italy (2.6K tons)
  3. Czech Republic (0.9K tons)
  4. Belgium (0.8K tons)
  5. France (0.2K tons)

Pig Iron Exports in Austria

In 2022, approx. 654 tons of pig iron and spiegeleisen were exported from Austria; falling by -11.3% on the year before. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,782% against the previous year. As a result, the exports reached the peak of 737 tons, and then declined in the following year.

In value terms, pig iron exports stood at $1.1M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Export of Pig Iron in Austria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany9085921,0009511.6%
ItalyN/AN/A91.312840.2%
Switzerland8.426.832.36.7-7.3%
Others10.319.56.450.970.3%
Total9276381,1301,1367.0%

Top Export Markets for Pig Iron from Austria in 2022:

  1. Italy (607.1 tons)
  2. Germany (270.9 tons)
  3. Switzerland (7.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pig iron market in Austria. 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

Country coverage:

  • Austria

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Austria
  • 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
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Pig Iron and Spiegeleisen - Austria