Price for Iron or Steel; Cast Articles in Serbia - 2024
Contents:
- Price for Iron or Steel; Cast Articles in Serbia (CIF) - 2024
- Price for Iron or Steel; Cast Articles in Serbia (FOB) - 2024
- Imports of Iron or Steel; Cast Articles in Serbia
- Exports of Iron or Steel; Cast Articles in Serbia
Price for Iron or Steel; Cast Articles in Serbia (CIF) - 2024
The average import price for iron or steel; cast articleses stood at $1,780 per ton in August 2023, reducing by -12.5% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 22% month-to-month. As a result, import price attained the peak level of $2,048 per ton. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Bosnia and Herzegovina ($15,788 per ton), while the price for China ($1,391 per ton) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+37.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Serbia (FOB) - 2024
In August 2023, the average export price for iron or steel; cast articleses amounted to $6,709 per ton, approximately reflecting the previous month. Over the period from February 2023 to August 2023, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in June 2023 an increase of 26% m-o-m. As a result, the export price attained the peak level of $6,886 per ton. From July 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($24,057 per ton), while the average price for exports to Hungary ($2,505 per ton) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Serbia
In 2022, the amount of iron or steel; cast articleses imported into Serbia surged to 13K tons, with an increase of 92% compared with the previous year. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel; cast articles imports surged to $23M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 266 | 469 | 2,363 | 11,993 | 255.9% |
| Turkey | 3,011 | 2,767 | 4,417 | 4,156 | 11.3% |
| Iran | 26.8 | 121 | 208 | 963 | 230.0% |
| Germany | 946 | 561 | 1,035 | 807 | -5.2% |
| Slovenia | 303 | 212 | 425 | 796 | 38.0% |
| Bosnia and Herzegovina | 193 | 398 | 502 | 740 | 56.5% |
| Poland | 27.3 | 64.6 | 458 | 644 | 186.8% |
| Croatia | 304 | 345 | 342 | 599 | 25.4% |
| Austria | 524 | 530 | 252 | 367 | -11.2% |
| Italy | 394 | 497 | 594 | 244 | -14.8% |
| North Macedonia | 620 | 154 | 246 | 229 | -28.3% |
| Hungary | 849 | 479 | 192 | 12.8 | -75.3% |
| Others | 810 | 867 | 1,526 | 1,869 | 32.1% |
| Total | 8,274 | 7,466 | 12,562 | 23,420 | 41.5% |
Top Suppliers of Iron or Steel; Cast Articles to Serbia in 2022:
- China (7.6K tons)
- Turkey (2.6K tons)
- Iran (0.8K tons)
- Slovenia (0.4K tons)
- Poland (0.3K tons)
- Bosnia and Herzegovina (0.3K tons)
- Croatia (0.3K tons)
- Germany (0.2K tons)
- Italy (0.1K tons)
- North Macedonia (0.1K tons)
- Austria (0.1K tons)
Exports of Iron or Steel; Cast Articles in Serbia
In 2022, approx. 4.6K tons of iron or steel; cast articleses were exported from Serbia; surging by 4.9% compared with 2021. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, iron or steel; cast articles exports skyrocketed to $22M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Iron or Steel; Cast Articles in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.2 | 3.0 | 4.6 | 4.5 | 2.3% |
| Germany | 1.6 | 2.2 | 3.7 | 3.4 | 28.6% |
| Austria | 2.5 | 2.3 | 1.9 | 3.2 | 8.6% |
| Bosnia and Herzegovina | 1.2 | 1.1 | 1.7 | 1.9 | 16.6% |
| Slovenia | 0.6 | 0.5 | 0.6 | 1.7 | 41.5% |
| North Macedonia | 1.2 | 1.6 | 1.3 | 1.3 | 2.7% |
| Croatia | 1.1 | 0.4 | 1.2 | 1.3 | 5.7% |
| Hungary | 0.3 | 0.2 | 0.7 | 1.2 | 58.7% |
| Montenegro | 0.8 | 0.8 | 0.6 | 0.4 | -20.6% |
| Others | 1.7 | 2.2 | 2.6 | 3.1 | 22.2% |
| Total | 15.1 | 14.4 | 18.8 | 21.9 | 13.2% |
Top Export Markets for Iron or Steel; Cast Articles from Serbia in 2022:
- Italy (1204.6 tons)
- North Macedonia (513.3 tons)
- Slovenia (499.9 tons)
- Hungary (489.6 tons)
- Bosnia and Herzegovina (428.2 tons)
- Croatia (405.5 tons)
- Austria (286.1 tons)
- Germany (153.6 tons)
- Montenegro (151.6 tons)
106
This report provides an in-depth analysis of the market for non-malleable cast iron articles in Serbia.
428
This report provides an in-depth analysis of the global market for non-malleable cast iron articles.
322
Global Cast Metal Articles Market Report 2018. This report provides an in-depth analysis of the global cast metal articles market.
106
This report provides an in-depth analysis of the market for non-malleable cast iron articles in Serbia.
428
This report provides an in-depth analysis of the global market for non-malleable cast iron articles.
322
Global Cast Metal Articles Market Report 2018. This report provides an in-depth analysis of the global cast metal articles market.
Nothing found. Please try again.
