Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India - 2023
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India (FOB) - 2022
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India (CIF) - 2023
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India (FOB) - 2022
The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $2,144 per ton in 2022, rising by 312% against the previous year. Overall, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,783 per ton), while the average price for exports to Nepal ($572 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 Thailand (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India (CIF) - 2023
In July 2023, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $427 per ton, reducing by -51.2% against the previous month. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 207% against the previous month. As a result, import price attained the peak level of $3,264 per ton. From March 2023 to July 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 Russia.
From November 2022 to July 2023, the rate of growth in terms of prices for Russia amounted to -1.7% per month.
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India
In 2022, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses from India soared to 16K tons, rising by 37% on the previous year. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 4,388% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses surged to $34M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 3,579% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 31.0 | 0% |
| Nepal | N/A | 0.1 | 0.1 | 2.2 | 369.0% |
| Oman | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Taiwan (Chinese) | N/A | N/A | 5.2 | N/A | 0% |
| Others | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
| Total | 0.2 | 0.2 | 6.0 | 33.8 | 452.9% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from India in 2022:
- United States (11.2K tons)
- Nepal (3.9K tons)
- Oman (0.6K tons)
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India
In 2022, approx. 4K tons of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were imported into India; which is down by -43.3% compared with 2021. Overall, imports saw a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 220%.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses declined notably to $2.1M in 2022. Over the period under review, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 231%.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 987 | 49.8 | 1,782 | 1,246 | 8.1% |
| Brazil | 897 | 500 | 918 | 726 | -6.8% |
| Canada | N/A | N/A | N/A | 113 | 0% |
| Russia | 2,159 | 295 | N/A | N/A | -86.3% |
| Indonesia | 1,323 | N/A | N/A | N/A | 0% |
| Oman | N/A | N/A | 207 | N/A | 0% |
| Others | 110 | 164 | 432 | 44.8 | -25.9% |
| Total | 5,476 | 1,009 | 3,339 | 2,130 | -27.0% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to India in 2022:
- South Africa (2869.1 tons)
- Brazil (804.0 tons)
- Canada (267.3 tons)
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This report provides an in-depth analysis of the pig iron market in India.
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This report provides an in-depth analysis of the iron and steel market in India.
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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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