Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK - 2023
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK (FOB) - 2022
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK (CIF) - 2022
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK (FOB) - 2022
The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $7,539 per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of 1,592%. As a result, the export price attained the peak level of $16,373 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +406.9% per year.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK (CIF) - 2022
The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $5,913 per ton in 2022, surging by 64% against the previous year. Overall, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 497%. Over the period under review, average import prices attained the peak figure at $15,827 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 United States ($22,453 per ton), while the price for Turkey ($1,502 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), 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 the UK
In 2022, the amount of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses exported from the UK soared to 134 tons, with an increase of 4,163% against the previous year's figure. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses skyrocketed to $1M in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 1.5 | 976 | 64966.7% |
| Brazil | 44.2 | N/A | N/A | N/A | 0% |
| Others | 19.6 | 7.0 | 22.1 | 31.3 | 16.9% |
| Total | 63.8 | 7.0 | 23.6 | 1,007 | 150.8% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from the UK in 2022:
- Germany (130.8 tons)
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK
In 2022, after three years of growth, there was significant decline in supplies from abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, when their volume decreased by -33.2% to 18 tons. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 4,311%.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses rose rapidly to $104K in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 1,718% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 3.8 | 47.2 | 63.9 | 310.1% |
| Italy | 0.7 | 0.2 | N/A | 14.0 | 171.4% |
| Spain | N/A | N/A | N/A | 8.7 | 0% |
| Turkey | N/A | N/A | N/A | 6.7 | 0% |
| Germany | N/A | 34.0 | 41.6 | 6.3 | -57.0% |
| Others | 1.4 | N/A | 6.2 | 4.1 | 43.1% |
| Total | 2.1 | 38.0 | 94.9 | 104 | 267.2% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to the UK in 2022:
- Turkey (4.5 tons)
- Spain (4.1 tons)
- Germany (3.5 tons)
- United States (2.8 tons)
- Italy (2.4 tons)
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This report provides an in-depth analysis of the global iron and steel market.
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This report provides an in-depth analysis of the pig iron market in the UK.
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This report provides an in-depth analysis of the iron and steel market in the UK.
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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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