Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium - 2023
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium (CIF) - 2023
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium (FOB) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium (CIF) - 2023
In July 2023, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $3,106 per ton, growing by 570% against the previous month. Over the period under review, the import price recorded a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the Netherlands.
From October 2022 to July 2023, the rate of growth in terms of prices for France amounted to +4.2% per month.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium (FOB) - 2022
In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $20 per ton, dropping by -98.6% against the previous year. Overall, the export price showed a sharp shrinkage. The growth pace was the most rapid in 2013 an increase of 234% against the previous year. As a result, the export price reached the peak level of $3,602 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($3,457 per ton), while the average price for exports to Turkey ($19 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 the Netherlands (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium
In 2022, approx. 9.2K tons of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were imported into Belgium; dropping by -57.3% on 2021 figures. Overall, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 8,927%.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses reduced notably to $3.6M in 2022. In general, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 1,894% against the previous year.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 28.0 | N/A | 8.5 | 3.1 | -52.0% |
| Netherlands | 0.7 | 0.2 | 0.4 | 0.4 | -17.0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 28.6 | 0.5 | 9.0 | 3.6 | -49.9% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Belgium in 2022:
- France (9.0K tons)
- Netherlands (0.2K tons)
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which increased by 44% to 533 tons in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 887% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses shrank markedly to $11K in 2022. Over the period under review, exports, however, continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 528% against the previous year. As a result, the exports attained the peak of $511K, and then reduced dramatically in the following year.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 9.3 | 0% |
| Turkey | 3.7 | 0.3 | 475 | 0.9 | -37.6% |
| Croatia | 1.8 | 14.5 | 17.5 | N/A | 211.8% |
| Jordan | N/A | 38.2 | 0.9 | N/A | -97.6% |
| Others | 22.1 | 28.3 | 17.0 | 0.4 | -73.7% |
| Total | 27.6 | 81.3 | 511 | 10.6 | -27.3% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Belgium in 2022:
- Germany (485.8 tons)
- Turkey (47.2 tons)
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