Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $3,665 per ton, shrinking by -29.7% against the previous year. Overall, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2017 an increase of 330%. The import price peaked at $8,668 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,849 per ton), while the price for Belgium stood at $2,161 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $8,340 per ton, rising by 67% against the previous year. Overall, the export price saw significant growth. The pace of growth was the most pronounced in 2021 an increase of 216% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Belgium.
From 2013 to 2022, the rate of growth in terms of prices for Belgium amounted to +29.9% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Luxembourg surged to 59 tons in 2022, increasing by 236% on the year before. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $215K in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 146% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.5 | 17.5 | 74.6 | 112 | 76.1% |
| Belgium | 18.0 | 3.7 | 16.4 | 101 | 77.7% |
| Others | 5.3 | 15.9 | N/A | 1.6 | -32.9% |
| Total | 43.7 | 37.0 | 91.0 | 215 | 70.1% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Luxembourg in 2022:
- Belgium (47.0 tons)
- Germany (11.4 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg
In 2022, approx. 300 kg of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were exported from Luxembourg; jumping by 29,900% against the year before. Over the period under review, exports, however, saw a dramatic slump.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s surged to $2.5K in 2022. In general, exports, however, saw a sharp downturn.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.0 | 16.9 | N/A | 2.5 | -32.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.0 | 16.9 | N/A | 2.5 | -32.1% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Luxembourg in 2022:
- Belgium (300.0 kg)
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