Price for Iron and Non-Alloy Steel in Ingot in Austria - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Austria (FOB) - 2023
- Price for Iron and Non-Alloy Steel in Ingot in Austria (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Austria
- Imports of Iron and Non-Alloy Steel in Ingot in Austria
Price for Iron and Non-Alloy Steel in Ingot in Austria (FOB) - 2023
The average export price for iron and non-alloy steel in ingots stood at $1,068 per ton in September 2023, rising by 1.8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 43% against the previous month. Over the period under review, the average export prices attained the maximum at $1,748 per ton in March 2023; however, from April 2023 to September 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Czech Republic.
From September 2022 to September 2023, the rate of growth in terms of prices for Hungary amounted to +2.2% per month.
Price for Iron and Non-Alloy Steel in Ingot in Austria (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $2,023 per ton, picking up by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2015 an increase of 57%. Over the period under review, average import prices hit record highs at $2,082 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($4,600 per ton), while the price for the Netherlands ($1,558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron and Non-Alloy Steel in Ingot in Austria
In 2022, shipments abroad of iron and non-alloy steel in ingots was finally on the rise to reach 4.9K tons after two years of decline. Overall, exports, however, showed a deep downturn.
In value terms, exports of iron and non-alloy steel in ingots surged to $5.9M in 2022. In general, exports, however, continue to indicate a pronounced decline.
| Export of Iron and Non-Alloy Steel in Ingot in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,707 | 2,888 | 1,457 | 3,851 | -6.5% |
| Czech Republic | 214 | 456 | 742 | 943 | 63.9% |
| Hungary | N/A | N/A | 0.4 | 534 | 133400.0% |
| Italy | 728 | 146 | 124 | 341 | -22.3% |
| Switzerland | 420 | 81.8 | 61.4 | 227 | -18.5% |
| Others | 371 | 14.6 | 8.5 | 4.3 | -77.4% |
| Total | 6,440 | 3,587 | 2,393 | 5,900 | -2.9% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Austria in 2022:
- Germany (3291.1 tons)
- Czech Republic (727.3 tons)
- Hungary (475.6 tons)
- Italy (241.7 tons)
- Switzerland (173.1 tons)
Imports of Iron and Non-Alloy Steel in Ingot in Austria
Imports of iron and non-alloy steel in ingots into Austria surged to 1.4K tons in 2022, growing by 18% against the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots soared to $2.9M in 2022. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 72%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Iron and Non-Alloy Steel in Ingot in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,177 | 902 | 1,655 | 1,656 | 12.1% |
| Czech Republic | 199 | 194 | 300 | 842 | 61.7% |
| Netherlands | N/A | 0.2 | 6.3 | 196 | 3030.5% |
| Slovakia | N/A | N/A | N/A | 92.4 | 0% |
| Hungary | 535 | 106 | 238 | 39.8 | -57.9% |
| United States | 136 | N/A | N/A | N/A | 0% |
| Others | 55.3 | 130 | 94.9 | 76.0 | 11.2% |
| Total | 2,102 | 1,332 | 2,295 | 2,903 | 11.4% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Austria in 2022:
- Germany (1044.4 tons)
- Czech Republic (204.3 tons)
- Netherlands (126.0 tons)
- Slovakia (40.8 tons)
- Hungary (8.7 tons)
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