Price for Iron or Steel; Cast Articles in Italy - 2023

Price for Iron or Steel; Cast Articles in Italy (CIF) - 2023

In June 2023, the average import price for iron or steel; cast articleses amounted to $2,289 per ton, increasing by 3.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 30% month-to-month. Over the period under review, average import prices attained the maximum at $2,542 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,291 per ton), while the price for Iran ($1,707 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Italy (FOB) - 2023

The average export price for iron or steel; cast articleses stood at $4,240 per ton in June 2023, surging by 6.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in October 2022 an increase of 36% month-to-month. The export price peaked at $4,323 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($13,744 per ton), while the average price for exports to Hungary ($2,823 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Italy

In 2022, the amount of iron or steel; cast articleses imported into Italy expanded slightly to 272K tons, growing by 2.6% against the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, iron or steel; cast articles imports reached $599M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Iron or Steel; Cast Articles in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	94.1	83.5	115	150	16.8%
India	39.2	48.9	66.4	82.8	28.3%
France	36.0	36.7	50.5	61.9	19.8%
Turkey	40.9	40.1	42.3	61.7	14.7%
Poland	46.5	35.1	38.2	46.7	0.1%
Germany	22.0	25.2	43.7	42.4	24.4%
Iran	20.6	16.3	27.3	31.0	14.6%
Czech Republic	19.2	14.2	21.3	30.8	17.1%
Tunisia	11.2	11.9	14.2	22.8	26.7%
Slovenia	11.6	12.8	21.4	20.9	21.7%
Bulgaria	7.2	6.3	9.3	17.9	35.5%
Spain	9.9	7.1	10.0	11.8	6.0%
Others	75.6	62.7	73.0	18.4	-37.6%
Total	434	401	532	599	11.3%

Top Suppliers of Iron or Steel; Cast Articles to Italy in 2022:

China (58.9K tons)
Turkey (32.8K tons)
India (30.8K tons)
France (29.0K tons)
Poland (26.1K tons)
Iran (18.5K tons)
Germany (14.7K tons)
Czech Republic (12.0K tons)
Tunisia (11.6K tons)
Slovenia (6.9K tons)
Bulgaria (6.5K tons)
Spain (4.8K tons)

Exports of Iron or Steel; Cast Articles in Italy

Iron or steel; cast articles exports from Italy stood at 119K tons in 2022, picking up by 7.3% against the year before. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, iron or steel; cast articles exports rose sharply to $395M in 2022. The total export value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Export of Iron or Steel; Cast Articles in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	75.4	62.9	95.9	130	19.9%
France	31.2	27.6	39.7	40.7	9.3%
United States	21.6	18.6	21.1	27.5	8.4%
Belgium	13.9	14.4	15.8	21.2	15.1%
Hungary	11.3	9.7	12.4	18.7	18.3%
United Kingdom	11.5	9.5	14.0	16.0	11.6%
Slovakia	9.7	9.4	13.7	15.9	17.9%
Switzerland	13.7	6.7	8.7	14.9	2.8%
Poland	7.4	8.1	12.6	13.6	22.5%
Slovenia	5.9	8.8	13.4	12.8	29.5%
Sweden	6.6	5.9	8.6	11.3	19.6%
Austria	7.4	7.0	7.7	10.6	12.7%
Czech Republic	5.3	3.8	4.7	9.7	22.3%
Others	87.6	81.8	101	52.8	-15.5%
Total	308	274	370	395	8.6%