Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $3,754 per ton, picking up by 21% against the previous year. Over the period under review, the import price saw mild growth. The growth pace was the most rapid in 2018 an increase of 387% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +7.8% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,319 per ton in 2022, with an increase of 38% against the previous year. In general, the export price showed a mild increase. The most prominent rate of growth was recorded in 2016 an increase of 52%. Over the period under review, the average export prices hit record highs at $1,870 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($1,606 per ton), while the average price for exports to France stood at $795 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.4%).
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal
In 2022, approx. 135 tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were imported into Portugal; rising by 153% on the year before. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 4,897% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $508K in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 6,793%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.9 | 2.1 | 166 | 508 | 544.2% |
| United Kingdom | 3.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.3 | 0.2 | N/A | 41.4% |
| Total | 5.5 | 2.4 | 166 | 508 | 352.0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Portugal in 2022:
- Spain (135.2 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal
Exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Portugal soared to 269 tons in 2022, jumping by 26,882% on 2021. In general, exports recorded 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 or non-alloy steel; ingots (excluding iron of heading no. 7203)s surged to $354K in 2022. Overall, exports recorded a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Spain | N/A | N/A | 279 | 0% | |
| France | N/A | 1.0 | 75.8 | 7480.0% | |
| Angola | 324 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 324 | 1.0 | 354 | 4.5% | |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Portugal in 2022:
- Spain (173.4 tons)
- France (95.3 tons)
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