Price for Chain and Parts Thereof, of Iron or Steel in Ireland - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Ireland (CIF) - 2023
- Price for Chain and Parts Thereof, of Iron or Steel in Ireland (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Ireland
- Exports of Chain and Parts Thereof, of Iron or Steel in Ireland
Price for Chain and Parts Thereof, of Iron or Steel in Ireland (CIF) - 2023
The average import price for chain and parts thereof, of iron or steel stood at $5,030 per ton in December 2023, reducing by -2.6% against the previous month. Overall, the import price showed a mild curtailment. The pace of growth appeared the most rapid in March 2023 an increase of 34% month-to-month. Over the period under review, average import prices reached the peak figure at $6,699 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,231 per ton), while the price for China ($3,419 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Ireland (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $14,331 per ton, with a decrease of -68.8% against the previous year. Overall, the export price saw a abrupt setback. The growth pace was the most rapid in 2021 when the average export price increased by 393%. The export price peaked at $58,078 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($108,143 per ton), while the average price for exports to the UK ($6,352 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 Germany (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Ireland
In 2022, approx. 2.9K tons of chain and parts thereof, of iron or steel were imported into Ireland; with an increase of 39% against the previous year. In general, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel surged to $14M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Chain and Parts Thereof, of Iron or Steel in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 0.9 | 4.2 | 4.3 | 57.5% |
| United Kingdom | 3.9 | 3.3 | 2.9 | 3.9 | 0.0% |
| France | N/A | N/A | 1.0 | 2.1 | 110.0% |
| Germany | 1.2 | 1.1 | 0.8 | 0.7 | -16.4% |
| Netherlands | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Italy | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Sweden | N/A | N/A | N/A | 0.3 | 0% |
| Others | 1.0 | 0.6 | 2.1 | 1.6 | 17.0% |
| Total | 7.4 | 6.2 | 11.4 | 14.0 | 23.7% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Ireland in 2022:
- China (1135.9 tons)
- United Kingdom (822.9 tons)
- France (473.3 tons)
- Germany (111.1 tons)
- Netherlands (68.2 tons)
- Sweden (57.3 tons)
- Italy (53.3 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Ireland
Exports of chain and parts thereof, of iron or steel from Ireland declined significantly to 215 tons in 2022, which is down by -73.2% against 2021 figures. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 558%. As a result, the exports attained the peak of 801 tons, and then shrank rapidly in the following year.
In value terms, exports of chain and parts thereof, of iron or steel contracted sharply to $3.7M in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,221%. As a result, the exports attained the peak of $16M, and then shrank dramatically in the following year.
| Export of Chain and Parts Thereof, of Iron or Steel in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.3 | 63.9 | 1,269 | 1,230 | 223.6% |
| Denmark | 4.5 | 10.2 | 12,579 | 789 | 459.7% |
| United Kingdom | 621 | 492 | 502 | 595 | -1.4% |
| France | 104 | 224 | 742 | 236 | 31.4% |
| United States | 29.1 | 13.5 | 125 | 123 | 61.7% |
| Spain | 12.8 | 11.3 | 10.5 | 113 | 106.7% |
| Poland | 42.5 | 56.5 | 98.7 | 98.2 | 32.2% |
| Netherlands | 62.4 | 53.6 | 71.5 | 90.1 | 13.0% |
| Belgium | 334 | 49.0 | 11.9 | 56.6 | -44.7% |
| New Zealand | 98.9 | 54.3 | 45.5 | 47.4 | -21.7% |
| Sweden | 24.6 | 25.7 | 17.2 | 40.6 | 18.2% |
| Switzerland | 15.1 | 16.8 | 45.2 | 38.5 | 36.6% |
| Norway | 2.7 | 30.4 | 11.0 | 35.8 | 136.7% |
| Others | 75.2 | 93.0 | 244 | 223 | 43.7% |
| Total | 1,463 | 1,194 | 15,773 | 3,715 | 36.4% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Ireland in 2022:
- United Kingdom (93.7 tons)
- Denmark (23.8 tons)
- France (13.0 tons)
- Germany (11.4 tons)
- United States (9.6 tons)
- Netherlands (9.0 tons)
- Spain (7.1 tons)
- Belgium (5.8 tons)
- Poland (5.3 tons)
- New Zealand (4.7 tons)
- Sweden (4.4 tons)
- Norway (4.1 tons)
- Switzerland (3.5 tons)
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