Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria (FOB) - 2023
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria (FOB) - 2023
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,068 per ton in September 2023, surging by 1.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 43% against the previous month. Over the period under review, the average export prices reached the maximum at $1,749 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 or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $2,712 per ton, rising by 47% against the previous year. Overall, the import price continues to indicate perceptible growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 73% against the previous year. The import price peaked at $3,767 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Netherlands ($5,351 per ton), while the price for Germany ($2,229 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria
In 2022, shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s was finally on the rise to reach 4.9K tons after two years of decline. Overall, exports, however, faced a abrupt descent.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $5.9M in 2022. Over the period under review, exports, however, recorded a slight descent.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.7 | 2.9 | 1.5 | 3.9 | -6.0% |
| Czech Republic | 0.2 | 0.5 | 0.7 | 0.9 | 65.1% |
| Hungary | N/A | N/A | N/A | 0.5 | 0% |
| Italy | 0.7 | 0.1 | 0.1 | 0.3 | -24.6% |
| Switzerland | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.1 | 3.6 | 2.4 | 5.9 | -1.1% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Austria in 2022:
- Germany (3291.1 tons)
- Czech Republic (724.3 tons)
- Hungary (475.6 tons)
- Italy (241.7 tons)
- Switzerland (173.1 tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Austria declined dramatically to 242 tons in 2022, dropping by -42% on 2021. Over the period under review, imports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 454% against the previous year. As a result, imports reached the peak of 416 tons, and then declined dramatically in the following year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted to $655K in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 236% against the previous year. As a result, imports attained the peak of $768K, and then reduced in the following year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 152 | 57.0 | 548 | 460 | 44.6% |
| Netherlands | N/A | N/A | N/A | 127 | 0% |
| Hungary | 184 | 106 | 215 | 39.4 | -40.2% |
| United States | 124 | N/A | N/A | N/A | 0% |
| Others | 6.1 | 66.1 | 5.9 | 29.3 | 68.7% |
| Total | 466 | 229 | 768 | 655 | 12.0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Austria in 2022:
- Germany (206.3 tons)
- Netherlands (23.6 tons)
- Hungary (8.5 tons)
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