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

Contents:

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

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

In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $396 per ton, falling by -34.8% against the previous year. In general, the export price recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of 59%. The export price peaked at $725 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($430 per ton), while the average price for exports to Poland ($312 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 Egypt (+28.5%), while the prices for the other major destinations experienced a decline.

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

In 2021, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,381 per ton, picking up by 575% against the previous year. In general, the import price, however, showed a drastic downturn. The import price peaked at $3,954 per ton in 2013; however, from 2014 to 2021, 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 Pakistan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -17.7% per year.

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

In 2022, overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were finally on the rise to reach 36K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a precipitous setback.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses skyrocketed to $14M in 2022. Overall, exports, however, continue to indicate a precipitous descent.

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

1. United Arab Emirates (17.6K tons)
2. Kazakhstan (14.8K tons)
3. Poland (3.6K tons)

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

In 2021, approx. 9 tons of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were imported into Russia; with a decrease of -92.4% against the year before. In general, imports recorded a precipitous decrease.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses shrank rapidly to $12K in 2021. Over the period under review, imports recorded a sharp decline.

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

1. Pakistan (9.0 tons)

Source: IndexBox Market Intelligence Platform