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

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

The average export price for iron or steel; cast articleses stood at $3,563 per ton in August 2023, picking up by 5% against the previous month. In general, the export price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in April 2023 when the average export price increased by 12% m-o-m. The export price peaked at $4,066 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Bosnia and Herzegovina ($6,024 per ton), while the average price for exports to Serbia ($2,070 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Slovenia (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $2,556 per ton in 2022, picking up by 4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19%. The import price peaked at $2,615 per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,054 per ton), while the price for the Czech Republic ($1,381 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Steel; Cast Articles in Slovenia

In 2022, approx. 16K tons of iron or steel; cast articleses were exported from Slovenia; shrinking by -2.8% against 2021 figures. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, the exports attained the peak of 16K tons, and then declined in the following year.

In value terms, iron or steel; cast articles exports surged to $45M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Iron or Steel; Cast Articles in Slovenia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	13.0	11.3	14.2	15.6	6.3%
Germany	6.3	6.7	8.8	9.7	15.5%
Austria	3.8	2.9	2.6	3.2	-5.6%
Czech Republic	1.2	1.1	2.3	3.0	35.7%
Slovakia	1.2	2.2	2.5	2.7	31.0%
Croatia	0.9	1.6	1.8	1.6	21.1%
France	0.6	0.5	0.8	1.3	29.4%
Others	4.7	4.6	6.1	8.0	19.4%
Total	31.7	30.9	39.1	45.1	12.5%

Top Export Markets for Iron or Steel; Cast Articles from Slovenia in 2022:

Italy (6.8K tons)
Germany (2.4K tons)
Slovakia (1.2K tons)
Austria (1.1K tons)
Czech Republic (1.0K tons)
Croatia (0.8K tons)
France (0.5K tons)

Imports of Iron or Steel; Cast Articles in Slovenia

In 2022, the amount of iron or steel; cast articleses imported into Slovenia was estimated at 12K tons, picking up by 10% against 2021. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles imports rose remarkably to $30M in 2022. The total import value increased at an average annual rate of +13.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Slovenia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	3.0	4.2	4.9	6.5	29.4%
Germany	3.1	2.5	3.6	3.0	-1.1%
Croatia	1.3	1.2	1.7	2.8	29.1%
Czech Republic	3.0	5.8	3.2	2.6	-4.7%
Austria	0.8	0.9	1.8	2.2	40.1%
Bosnia and Herzegovina	0.4	0.8	1.1	1.9	68.1%
Poland	1.7	1.4	2.2	1.6	-2.0%
France	3.2	1.1	2.1	1.5	-22.3%
Iran	0.2	0.2	0.6	1.4	91.3%
Serbia	0.7	0.3	0.4	1.3	22.9%
Turkey	0.5	0.5	1.1	1.1	30.1%
Thailand	N/A	0.4	N/A	0.8	41.4%
Hungary	0.4	0.4	0.6	0.6	14.5%
Others	1.8	2.8	2.4	2.3	8.5%
Total	20.2	22.7	25.7	29.6	13.6%