Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt - 2022

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt (CIF) - 2022
2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt (FOB) - 2022
3. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt
4. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt (CIF) - 2022

In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,571 per ton, rising by 39% against the previous year. Overall, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 88%. The import price peaked at $2,002 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +41.0% per year.

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt (FOB) - 2022

The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $1,124 per ton in 2022, reducing by -6.8% against the previous year. In general, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 338%. As a result, the export price reached the peak level of $17,339 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Sudan ($2,476 per ton), while the average price for exports to the UK ($1,121 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 UK (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt

For the third year in a row, Egypt recorded decline in overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which decreased by 99.9% to 7 kg in 2022. Overall, imports faced a precipitous shrinkage. The smallest decline of -8.1% was in 2021.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses shrank markedly to $11 in 2022. Over the period under review, imports showed a dramatic descent. The smallest decline of -7.1% was in 2021.

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Egypt in 2022:

1. China (7.0 kg)

Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Egypt

In 2022, the amount of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses exported from Egypt soared to 350 tons, growing by 172% compared with 2021 figures. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,014%. As a result, the exports attained the peak of 527 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses skyrocketed to $394K in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 510%. As a result, the exports attained the peak of $632K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Egypt in 2022:

1. United Kingdom (268.7 tons)
2. Germany (58.5 tons)
3. Saudi Arabia (22.1 tons)

Source: IndexBox Market Intelligence Platform