Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China - 2023
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China (CIF) - 2023
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China (FOB) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China (CIF) - 2023
In September 2023, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,389 per ton, picking up by 8.5% against the previous month. Overall, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in February 2023 an increase of 274% against the previous month. As a result, import price attained the peak level of $1,687 per ton. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From December 2022 to September 2023, the rate of growth in terms of prices for Russia amounted to +5.5% per month.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China (FOB) - 2022
The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $1,254 per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, saw buoyant growth. The growth pace was the most rapid in 2019 an increase of 453%. As a result, the export price attained the peak level of $3,791 per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +137.3% per year.
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China
In 2022, supplies from abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -11.6% to 60K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 267% against the previous year. As a result, imports attained the peak of 283K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses surged to $100M in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 234% against the previous year. As a result, imports attained the peak of $211M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 62.5 | 186 | 72.2 | 99.8 | 16.9% |
| Russia | N/A | 21.9 | N/A | N/A | 0% |
| Kazakhstan | N/A | 3.5 | N/A | N/A | 0% |
| Others | 0.9 | 0.2 | 0.2 | 0.2 | -39.4% |
| Total | 63.4 | 211 | 72.3 | 100 | 16.4% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to China in 2022:
- Indonesia (59.4K tons)
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China
In 2021, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses from China surged to 7.9 tons, with an increase of 528% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses skyrocketed to $9.9K in 2021. In general, exports, however, saw a noticeable reduction.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Philippines | N/A | N/A | 9.9 | 0% | |
| Nigeria | N/A | 0.5 | N/A | 0% | |
| Thailand | 10.3 | N/A | N/A | 0% | |
| United Arab Emirates | 0.4 | N/A | N/A | 0% | |
| Pakistan | N/A | 1.1 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 10.7 | 1.6 | 9.9 | -3.8% | |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from China in 2022:
- Philippines (7.9 tons)
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This report provides an in-depth analysis of the pig iron market in China.
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This report provides an in-depth analysis of the iron and steel market in China.
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This report provides an in-depth analysis of the global pig iron market.
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This report provides an in-depth analysis of the global iron and steel market.
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749
Last year, China rapidly boosted pig iron imports from $376M to $2B. In physical terms, purchases grew from 988K tons to 5.6M tons. Brazil, Russia and Ukraine became the largest suppliers of pig iron to China, accounting for 73% of total import volume. Shipments from Brazil spiked from 8.8K tons in 2019 to 2.1M tons in 2020, while Russian supplies grew from 34K tons to 1.4M tons. The average import price for pig iron dropped by -3.8% y-o-y to $366 per ton in 2020.
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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.
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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...
945
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...
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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.
