Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic (CIF) - 2023
In October 2023, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,501 per ton, growing by 43% against the previous month. Over the period under review, the import price saw notable growth. The pace of growth appeared the most rapid in December 2022 an increase of 230% m-o-m. Over the period under review, average import prices hit record highs at $1,826 per ton in July 2023; however, from August 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($2,862 per ton), while the price for Italy totaled $1,157 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+36.5%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,455 per ton, rising by 16% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 an increase of 85% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,716 per ton), while the average price for exports to Italy ($214 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 Luxembourg (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic
In 2022, approx. 6.8K tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were imported into the Czech Republic; picking up by 121% on 2021. In general, imports enjoyed a significant increase. As a result, imports reached 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 surged to $7.5M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 185% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 113 | 102 | 938 | 4,860 | 250.4% |
| Austria | 11.8 | 571 | 931 | 927 | 328.3% |
| Italy | 576 | 319 | 489 | 781 | 10.7% |
| Poland | 54.8 | N/A | 651 | 579 | 119.4% |
| Slovakia | 44.2 | 18.3 | 165 | 78.6 | 21.2% |
| Spain | 368 | N/A | 47.6 | 23.3 | -60.1% |
| Netherlands | 227 | 294 | 17.9 | N/A | -71.9% |
| Others | N/A | 11.8 | 504 | 202 | 313.7% |
| Total | 1,394 | 1,316 | 3,744 | 7,451 | 74.8% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to the Czech Republic in 2022:
- Germany (4472.3 tons)
- Poland (774.1 tons)
- Austria (724.1 tons)
- Italy (640.8 tons)
- Slovakia (49.5 tons)
- Spain (18.9 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic
In 2022, after two years of decline, there was significant growth in shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, when their volume increased by 33% to 303 tons. In general, exports, however, continue to indicate a significant contraction.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $441K in 2022. Overall, exports, however, recorded a sharp curtailment.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Luxembourg | N/A | N/A | N/A | 145 | 0% |
| Poland | 319 | 10.5 | 35.0 | 115 | -28.8% |
| Germany | 255 | 65.8 | 53.9 | 69.8 | -35.1% |
| Romania | 105 | 3.2 | 6.9 | 41.7 | -26.5% |
| Spain | 845 | 793 | N/A | 32.8 | -66.1% |
| Hungary | 118 | N/A | 141 | N/A | 9.3% |
| Italy | 970 | 406 | N/A | N/A | -58.1% |
| Others | 169 | 26.5 | 47.2 | 35.9 | -40.3% |
| Total | 2,779 | 1,305 | 284 | 441 | -45.9% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from the Czech Republic in 2022:
- Luxembourg (111.6 tons)
- Poland (67.2 tons)
- Germany (53.5 tons)
- Romania (43.8 tons)
- Spain (22.6 tons)
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