Price for Iron or Steel; Cast Articles in Pakistan - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Pakistan (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Pakistan (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Pakistan
- Exports of Iron or Steel; Cast Articles in Pakistan
Price for Iron or Steel; Cast Articles in Pakistan (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $2,224 per ton, growing by 15% against the previous year. Overall, the import price saw noticeable growth. The growth pace was the most rapid in 2015 when the average import price increased by 53% against the previous year. The import price peaked at $3,767 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,500 per ton), while the price for Thailand ($1,894 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel; Cast Articles in Pakistan (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $5,642 per ton in 2022, growing by 21% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 92% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($5,808 per ton), while the average price for exports to the United States ($3,263 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 South Sudan (+45.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Pakistan
In 2022, iron or steel; cast articles imports into Pakistan reached 3.9K tons, with an increase of 12% on 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 122%. 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 skyrocketed to $8.6M in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 1.0 | 6.0 | 8.0 | 20.3% |
| Thailand | 0.4 | 0.1 | 0.3 | 0.5 | 7.7% |
| United Arab Emirates | 0.2 | 2.7 | 0.2 | N/A | 0.0% |
| Iran | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 5.9 | 3.8 | 6.6 | 8.6 | 13.4% |
Top Suppliers of Iron or Steel; Cast Articles to Pakistan in 2022:
- China (3559.1 tons)
- Thailand (260.4 tons)
- United Arab Emirates (0.4 tons)
Exports of Iron or Steel; Cast Articles in Pakistan
In 2022, exports of iron or steel; cast articleses from Pakistan surged to 426 tons, rising by 278% compared with the year before. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 498% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, iron or steel; cast articles exports surged to $2.4M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 641% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Iron or Steel; Cast Articles in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 38.8 | 959 | 443 | 2,287 | 289.2% |
| United Kingdom | 5.3 | 4.0 | 0.4 | 62.1 | 127.1% |
| United States | 14.5 | 1.8 | 1.3 | 33.9 | 32.7% |
| Germany | 66.0 | 48.6 | 31.7 | 9.8 | -47.0% |
| United Arab Emirates | 4.2 | 30.4 | 34.8 | 1.8 | -24.6% |
| Others | 16.0 | 29.7 | 14.5 | 6.5 | -25.9% |
| Total | 145 | 1,073 | 525 | 2,401 | 154.9% |
Top Export Markets for Iron or Steel; Cast Articles from Pakistan in 2022:
- Saudi Arabia (393.7 tons)
- United Kingdom (17.0 tons)
- United States (10.4 tons)
- Germany (2.1 tons)
- United Arab Emirates (0.4 tons)
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