Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium (CIF) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium (FOB) - 2023
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium (CIF) - 2023
In October 2023, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $10,329 per ton, reducing by -26.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 100% against the previous month. As a result, import price attained the peak level of $17,781 per ton. From April 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($44,015 per ton), while the price for the UK ($3,483 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium (FOB) - 2023
In October 2023, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $26,041 per ton, with an increase of 22% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 33% against the previous month. As a result, the export price reached the peak level of $28,607 per ton. From April 2023 to October 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($90,503 per ton), while the average price for exports to Canada ($2,114 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium
For the fourth consecutive year, Belgium recorded growth in supplies from abroad of iron or steel; non-threaded cotters and cotter-pinses, which increased by 4.2% to 1.8K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.1% 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 +73.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses expanded slightly to $13M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 1.5 | 1.8 | 2.4 | 2.9% |
| Germany | 1.0 | 1.2 | 2.0 | 2.0 | 26.0% |
| China | 0.3 | 1.8 | 2.8 | 1.9 | 85.0% |
| Italy | 1.3 | 0.8 | 1.1 | 1.7 | 9.4% |
| Netherlands | 1.2 | 0.7 | 1.0 | 1.0 | -5.9% |
| France | 0.5 | 0.6 | 1.2 | 0.9 | 21.6% |
| Sweden | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| United Kingdom | 0.5 | 0.3 | 0.7 | 0.4 | -7.2% |
| Others | 0.8 | 1.0 | 1.7 | 2.4 | 44.2% |
| Total | 8.2 | 8.4 | 12.7 | 13.2 | 17.2% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Belgium in 2022:
- China (397.9 tons)
- Germany (333.6 tons)
- Netherlands (201.0 tons)
- Italy (181.1 tons)
- United Kingdom (159.1 tons)
- United States (124.1 tons)
- France (118.1 tons)
- Sweden (49.6 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium
In 2022, overseas shipments of iron or steel; non-threaded cotters and cotter-pinses decreased by -29.5% to 762 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 45% against the previous year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses reached $13M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 763 | 2,381 | 3,620 | 2,285 | 44.1% |
| Germany | 569 | 496 | 794 | 1,475 | 37.4% |
| Spain | 365 | 452 | 530 | 728 | 25.9% |
| United Kingdom | 913 | 421 | 962 | 679 | -9.4% |
| Denmark | 76.0 | 47.0 | 119 | 546 | 93.0% |
| Portugal | 38.4 | 51.0 | 117 | 504 | 135.9% |
| Argentina | 7.1 | 22.5 | 75.5 | 473 | 305.4% |
| Brazil | 66.4 | 500 | 396 | 466 | 91.5% |
| Netherlands | 994 | 441 | 657 | 427 | -24.5% |
| United States | 291 | 293 | 373 | 401 | 11.3% |
| Italy | 293 | 180 | 294 | 391 | 10.1% |
| Turkey | 71.8 | 144 | 274 | 374 | 73.3% |
| Austria | 21.7 | 33.0 | 130 | 262 | 129.4% |
| Others | 3,489 | 2,603 | 2,709 | 3,553 | 0.6% |
| Total | 7,958 | 8,065 | 11,050 | 12,563 | 16.4% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Belgium in 2022:
- France (255.3 tons)
- Germany (92.3 tons)
- Netherlands (54.8 tons)
- Argentina (46.1 tons)
- Denmark (34.3 tons)
- Brazil (33.7 tons)
- United Kingdom (30.4 tons)
- Spain (21.8 tons)
- Portugal (18.7 tons)
- Italy (18.0 tons)
- United States (12.1 tons)
- Turkey (11.8 tons)
- Austria (11.8 tons)
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