Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK - 2024

Contents:

  1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK (FOB) - 2022
  2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK (CIF) - 2022
  3. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK
  4. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK (FOB) - 2022

In 2022, the average export price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $10,455 per ton, with an increase of 41% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 61%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,718 per ton), while the average price for exports to Pakistan ($962 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 Sweden (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK (CIF) - 2022

In 2022, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $2,779 per ton, growing by 22% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for granules and powders, of pig iron, spiegeleisen, iron or steels increased by +31.3% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 44% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Belgium ($9,838 per ton), while the price for Spain ($989 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK

In 2022, approx. 8.4K tons of granules and powders, of pig iron, spiegeleisen, iron or steels were exported from the UK; shrinking by -23.7% compared with 2021. Overall, exports saw a significant decline.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels expanded remarkably to $88M in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany21.719.124.130.411.9%
United States13.911.817.518.39.6%
China12.012.38.66.4-18.9%
India6.45.25.86.2-1.1%
Taiwan (Chinese)4.32.11.13.6-5.8%
Netherlands1.21.23.43.035.7%
Sweden0.91.01.92.642.4%
Switzerland0.30.30.72.191.3%
Belgium1.81.01.52.03.6%
France4.32.31.11.4-31.2%
Ireland1.51.11.61.4-2.3%
Spain2.41.33.70.5-40.7%
PakistanN/AN/A0.20.4100.0%
Others11.810.810.79.6-6.6%
Total82.669.381.887.82.1%

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from the UK in 2022:

  1. Germany (1796.1 tons)
  2. United States (979.2 tons)
  3. Ireland (806.7 tons)
  4. Netherlands (771.1 tons)
  5. India (473.5 tons)
  6. China (464.3 tons)
  7. Spain (392.7 tons)
  8. Pakistan (378.2 tons)
  9. Sweden (305.4 tons)
  10. France (288.5 tons)
  11. Taiwan (Chinese) (286.0 tons)
  12. Switzerland (192.8 tons)
  13. Belgium (185.0 tons)

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK

In 2022, approx. 24K tons of granules and powders, of pig iron, spiegeleisen, iron or steels were imported into the UK; which is down by -15.8% compared with 2021 figures. Over the period under review, imports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of 29K tons, and then declined rapidly in the following year.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels expanded to $68M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium20.416.024.119.8-1.0%
China1.11.81.713.3129.5%
Germany13.59.28.910.3-8.6%
France6.96.014.69.09.3%
Sweden3.93.45.33.4-4.5%
Italy1.00.81.02.637.5%
Canada2.71.51.81.6-16.0%
Spain0.80.5N/A0.6-9.1%
Belarus0.80.80.80.3-27.9%
Others13.66.48.07.0-19.9%
Total64.846.466.267.81.5%

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to the UK in 2022:

  1. France (7.8K tons)
  2. Germany (6.0K tons)
  3. Belgium (2.0K tons)
  4. China (1.9K tons)
  5. Canada (1.5K tons)
  6. Sweden (1.4K tons)
  7. Italy (1.2K tons)
  8. Spain (0.7K tons)
  9. Belarus (0.4K tons)
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