Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore - 2022
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore (FOB) - 2022
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore (CIF) - 2022
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore (FOB) - 2022
In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $20,044 per ton, declining by -16.8% against the previous year. Overall, the export price, however, posted moderate growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 354% against the previous year. Over the period under review, the average export prices hit record highs at $34,526 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($100,418 per ton), while the average price for exports to Malaysia ($1,571 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 Japan (+51.3%), 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 Singapore (CIF) - 2022
In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $48,411 per ton, rising by 85% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2021 when the average import price increased by 588%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($80,100 per ton), while the price for the United States ($32,133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore
In 2022, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses from Singapore fell remarkably to 6.8 tons, declining by -25.5% against the year before. Over the period under review, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 299%.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses shrank sharply to $137K in 2022. Overall, exports, however, posted tangible growth. The growth pace was the most rapid in 2021 with an increase of 1,204% against the previous year. As a result, the exports reached the peak of $221K, and then dropped remarkably in the following year.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 210 | 66.7 | -68.2% |
| Sri Lanka | N/A | N/A | N/A | 26.5 | 0% |
| Vietnam | N/A | 3.3 | N/A | 11.0 | 82.6% |
| Philippines | N/A | 4.0 | 5.8 | 4.6 | 7.2% |
| Malaysia | 122 | 3.4 | 4.6 | 2.7 | -71.9% |
| Others | 0.6 | 6.2 | N/A | 25.2 | 247.6% |
| Total | 123 | 16.9 | 221 | 137 | 3.7% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Singapore in 2022:
- Sri Lanka (2.8 tons)
- Malaysia (1.7 tons)
- Australia (1.6 tons)
- Philippines (0.5 tons)
- Vietnam (0.1 tons)
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore
In 2022, approx. 1.7 tons of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were imported into Singapore; reducing by -84% compared with the previous year's figure. In general, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 93% against the previous year.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses reduced rapidly to $80K in 2022. Overall, imports saw a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 1,230% against the previous year. As a result, imports attained the peak of $270K, and then declined significantly in the following year.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 104 | N/A | 246 | 75.4 | -10.2% |
| Spain | N/A | N/A | N/A | 4.0 | 0% |
| United States | N/A | 1.5 | 0.1 | 1.0 | -18.4% |
| Russia | N/A | N/A | 20.9 | N/A | 0% |
| Malaysia | 76.2 | 11.6 | 0.5 | N/A | -91.9% |
| Others | 11.3 | 7.3 | 2.5 | N/A | -53.0% |
| Total | 191 | 20.3 | 270 | 80.4 | -25.1% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Singapore in 2022:
- China (1580.0 kg)
- Spain (50.0 kg)
- United States (30.0 kg)
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This report provides an in-depth analysis of the global pig iron market.
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