Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy - 2023
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy (FOB) - 2023
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy (CIF) - 2022
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy (FOB) - 2023
The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $24,444 per ton in July 2023, rising by 2.1% against the previous month. In general, the export price continues to indicate a measured expansion. The pace of growth was the most pronounced in December 2022 an increase of 176% month-to-month. As a result, the export price reached the peak level of $45,916 per ton. From January 2023 to July 2023, the 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 Bulgaria.
From November 2022 to July 2023, the rate of growth in terms of prices for Bulgaria amounted to +4.6% per month.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy (CIF) - 2022
The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $1,006 per ton in 2022, shrinking by -12.8% against the previous year. Overall, the import price, however, posted tangible growth. The most prominent rate of growth was recorded in 2017 an increase of 112% against the previous year. The import price peaked at $2,146 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 the Czech Republic ($11,078 per ton), while the price for France ($563 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy
In 2022, the amount of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses exported from Italy fell dramatically to 600 tons, declining by -37.8% against the previous year's figure. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. As a result, the exports reached the peak of 965 tons, and then fell dramatically in the following year.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses dropped to $13M in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. As a result, the exports reached the peak of $15M, and then reduced in the following year.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1.9 | 0.8 | 10.5 | 6.7 | 52.2% |
| Slovakia | N/A | 0.1 | 2.8 | 3.2 | 465.7% |
| Bulgaria | N/A | N/A | N/A | 1.7 | 0% |
| Germany | 0.4 | 0.7 | 0.3 | 0.9 | 31.0% |
| Slovenia | 0.5 | 5.0 | 0.6 | 0.6 | 6.3% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| United States | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| India | 0.1 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 1.7 | 0.7 | 0.2 | -51.0% |
| Total | 4.9 | 8.5 | 15.0 | 13.4 | 39.8% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Italy in 2022:
- Austria (345.2 tons)
- Bulgaria (83.2 tons)
- Slovakia (51.5 tons)
- Germany (37.5 tons)
- Turkey (30.6 tons)
- Slovenia (28.8 tons)
- United States (16.5 tons)
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy
In 2022, overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were finally on the rise to reach 724 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a precipitous descent.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses skyrocketed to $728K in 2022. Overall, imports, however, continue to indicate a sharp shrinkage.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 383 | 0% |
| Hungary | N/A | N/A | N/A | 204 | 0% |
| Czech Republic | N/A | 0.7 | N/A | 138 | 1304.1% |
| Germany | 602 | 12.5 | 34.1 | N/A | -76.2% |
| Austria | N/A | 674 | 111 | N/A | -83.5% |
| Slovenia | N/A | 328 | 55.2 | N/A | -83.2% |
| Portugal | 1,847 | 204 | N/A | N/A | -89.0% |
| Others | 21.1 | 1.7 | 79.2 | 2.8 | -49.0% |
| Total | 2,470 | 1,220 | 280 | 728 | -33.5% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Italy in 2022:
- France (680.7 tons)
- Hungary (29.3 tons)
- Czech Republic (12.5 tons)
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This report provides an in-depth analysis of the global pig iron market.
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