India - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Iron Price in India - 2023
Contents:
- Pig Iron Price in India (FOB) - 2022
- Pig Iron Price in India (CIF) - 2023
- Pig Iron Exports in India
- Pig Iron Imports in India
Pig Iron Price in India (FOB) - 2022
The average pig iron export price stood at $403 per ton in 2022, dropping by -22.6% against the previous year. Overall, the export price continues to indicate a mild decline. The pace of growth was the most pronounced in 2017 an increase of 106%. Over the period under review, the average export prices reached the maximum at $521 per ton in 2021, and then contracted dramatically in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($813 per ton), while the average price for exports to China ($468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Iron Price in India (CIF) - 2023
The average pig iron import price stood at $401 per ton in October 2023, standing approximately at the previous month. In general, the import price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 40% against the previous month. Over the period under review, average import prices attained the maximum at $726 per ton in May 2023; however, from June 2023 to October 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Russia ($399 per ton), while the price for South Africa stood at $368 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Russia (-0.9%).
Pig Iron Exports in India
In 2022, the amount of pig iron and spiegeleisen exported from India reached 916K tons, remaining stable against the previous year's figure. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 111% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, pig iron exports declined rapidly to $369M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 250% against the previous year. As a result, the exports attained the peak of $471M, and then contracted significantly in the following year.
| Export of Pig Iron in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 103 | 249 | 141.7% |
| China | 38.7 | 118 | 155 | 36.0 | -2.4% |
| United Arab Emirates | 0.5 | 0.4 | 18.5 | 28.8 | 286.2% |
| Nepal | 3.8 | 5.7 | 7.5 | 24.4 | 85.9% |
| Thailand | 7.7 | 2.5 | 16.8 | 11.6 | 14.6% |
| Bangladesh | 32.0 | 1.4 | 2.1 | 1.6 | -63.2% |
| Turkey | N/A | N/A | 69.6 | N/A | 0% |
| Others | 11.7 | 6.8 | 98.3 | 17.8 | 15.0% |
| Total | 94.3 | 135 | 471 | 369 | 57.6% |
Top Export Markets for Pig Iron from India in 2022:
- United States (311.5K tons)
- China (76.8K tons)
- United Arab Emirates (49.6K tons)
- Nepal (40.4K tons)
- Thailand (20.0K tons)
- Bangladesh (2.1K tons)
Pig Iron Imports in India
Pig iron imports into India amounted to 16K tons in 2022, almost unchanged from 2021 figures. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 53%.
In value terms, pig iron imports surged to $47M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pig Iron in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.5 | 0.5 | N/A | 28.3 | 124.5% |
| China | N/A | N/A | N/A | 11.0 | 0% |
| South Africa | 2.5 | 1.2 | 4.5 | 4.4 | 20.7% |
| Luxembourg | N/A | N/A | N/A | 1.7 | 0% |
| Brazil | 1.4 | 0.7 | 1.7 | 0.8 | -17.0% |
| Taiwan (Chinese) | 0.9 | 1.1 | 0.6 | 0.2 | -39.4% |
| Others | 2.8 | 1.1 | 1.5 | 0.1 | -67.1% |
| Total | 10.1 | 4.7 | 8.3 | 46.6 | 66.5% |
Top Suppliers of Pig Iron to India in 2022:
- Russia (60.6K tons)
- China (21.8K tons)
- South Africa (7.9K tons)
- Luxembourg (1.8K tons)
- Brazil (0.9K tons)
- Taiwan (Chinese) (0.3K tons)
This report provides an in-depth analysis of the pig iron market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
2594
This report provides an in-depth analysis of the pig iron market in India.
328
This report provides an in-depth analysis of the iron and steel market in India.
4395
This report provides an in-depth analysis of the global pig iron market.
1037
This report provides an in-depth analysis of the global iron and steel market.
2594
This report provides an in-depth analysis of the pig iron market in India.
328
This report provides an in-depth analysis of the iron and steel market in India.
4395
This report provides an in-depth analysis of the global pig iron market.
1037
This report provides an in-depth analysis of the global iron and steel market.
235
In February 2023, the growth rate was incredibly high as exports rose by 197% compared to the previous month. However, in July 2023, the value of Iron and Steel exports drastically declined to $4.9M.
111
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
2002
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
920
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
133
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
235
In February 2023, the growth rate was incredibly high as exports rose by 197% compared to the previous month. However, in July 2023, the value of Iron and Steel exports drastically declined to $4.9M.
111
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
2002
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
920
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
133
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
