Price for Iron and Non-Alloy Steel in Ingot in Slovakia - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Slovakia (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Slovakia (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Slovakia
- Exports of Iron and Non-Alloy Steel in Ingot in Slovakia
Price for Iron and Non-Alloy Steel in Ingot in Slovakia (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $14,119 per ton in 2022, picking up by 160% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 689% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Germany ($21,271 per ton), while the price for the Czech Republic ($4,712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Slovakia (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $25 per ton, dropping by -95% against the previous year. In general, the export price saw a dramatic shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 95% against the previous year. The export price peaked at $5,514 per ton in 2017; however, from 2018 to 2022, the export prices remained at a 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 Germany ($1,344 per ton), while the average price for exports to Poland ($302 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 Germany (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Slovakia
In 2022, the amount of iron and non-alloy steel in ingots imported into Slovakia reduced rapidly to 14 tons, which is down by -78.3% compared with the previous year. Overall, imports showed a dramatic setback. The smallest decline of -70.4% was in 2021.
In value terms, imports of iron and non-alloy steel in ingots contracted sharply to $203K in 2022. In general, imports saw a dramatic decline. The smallest decline of -5.7% was in 2021.
| Import of Iron and Non-Alloy Steel in Ingot in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.1 | 22.7 | 57.0 | 146 | 90.6% |
| Netherlands | N/A | N/A | 2.9 | 33.9 | 1069.0% |
| Czech Republic | 151 | 139 | 229 | 15.2 | -53.5% |
| Hungary | N/A | N/A | 0.6 | 4.1 | 583.3% |
| Poland | 239 | 129 | 71.2 | 1.6 | -81.2% |
| Austria | 703 | 89.9 | N/A | N/A | -87.2% |
| Italy | 121 | N/A | N/A | N/A | 0% |
| Others | 48.1 | 1.9 | N/A | 2.1 | -64.8% |
| Total | 1,283 | 382 | 360 | 203 | -45.9% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Slovakia in 2022:
- Germany (6.9 tons)
- Netherlands (3.5 tons)
- Czech Republic (3.2 tons)
- Hungary (0.4 tons)
- Poland (0.2 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Slovakia
In 2022, shipments abroad of iron and non-alloy steel in ingots was finally on the rise to reach 1.1K tons after two years of decline. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron and non-alloy steel in ingots declined sharply to $27K in 2022. Overall, exports, however, recorded a sharp contraction. The smallest decline of -3.7% was in 2021.
| Export of Iron and Non-Alloy Steel in Ingot in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.9 | 14.2 | 81.4 | 11.5 | -12.0% |
| Poland | 146 | 129 | 227 | 8.6 | -61.1% |
| Austria | N/A | 5.0 | N/A | 6.6 | 14.9% |
| Czech Republic | 374 | 324 | 146 | N/A | -37.5% |
| Others | 8.8 | N/A | N/A | N/A | 0% |
| Total | 546 | 472 | 455 | 26.7 | -63.4% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Slovakia in 2022:
- Poland (28.5 tons)
- Austria (9.3 tons)
- Germany (8.6 tons)
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