Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland (CIF) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland (CIF) - 2023
In October 2023, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $99,134 per ton, growing by 94% against the previous month. Over the period under review, import price indicated a prominent increase from October 2022 to October 2023: its price increased at an average monthly rate of +8.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +112.7% against July 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Czech Republic ($3.0M per ton), while the price for Switzerland ($11,828 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 the Czech Republic (+41.0%), 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 Ireland (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $28,946 per ton in 2022, shrinking by -22.2% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 240% against the previous year. Over the period under review, the average export prices hit record highs at $114,541 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($74,487 per ton), while the average price for exports to Mongolia ($1,033 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 Belgium (+100.2%), 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 Ireland
After two years of decline, purchases abroad of iron or steel; non-threaded cotters and cotter-pinses increased by 95% to 28 tons in 2022. In general, imports, however, recorded a noticeable decrease.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $1.8M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 406 | 492 | 267 | 831 | 27.0% |
| Czech Republic | 0.3 | 6.6 | 91.1 | 273 | 869.1% |
| United Kingdom | 259 | 191 | 107 | 120 | -22.6% |
| Mexico | N/A | 0.2 | 0.1 | 102 | 2158.3% |
| Germany | 3.2 | 10.5 | 21.0 | 76.5 | 188.1% |
| Netherlands | 130 | 19.6 | 238 | 72.8 | -17.6% |
| China | 105 | 49.3 | 53.0 | 44.9 | -24.7% |
| Italy | 15.1 | 9.7 | 11.3 | 43.3 | 42.1% |
| Poland | 0.4 | N/A | 0.2 | 35.9 | 347.7% |
| India | 6.8 | 2.7 | 31.8 | 19.0 | 40.8% |
| Turkey | N/A | 2.1 | 13.7 | 15.7 | 173.4% |
| Taiwan (Chinese) | 2.6 | 0.2 | 1.4 | 6.3 | 34.3% |
| Denmark | N/A | N/A | N/A | 5.6 | 0% |
| Others | 22.1 | 32.7 | 50.0 | 123 | 77.2% |
| Total | 950 | 817 | 885 | 1,769 | 23.0% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Ireland in 2022:
- Czech Republic (6.5 tons)
- United States (5.3 tons)
- United Kingdom (3.7 tons)
- Denmark (1.6 tons)
- Germany (1.3 tons)
- Italy (1.1 tons)
- Poland (1.1 tons)
- China (1.1 tons)
- Netherlands (1.0 tons)
- Mexico (0.8 tons)
- India (0.8 tons)
- Turkey (0.7 tons)
- Taiwan (Chinese) (0.6 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland
Exports of iron or steel; non-threaded cotters and cotter-pinses from Ireland surged to 7.2 tons in 2022, picking up by 89% against the year before. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 321%. As a result, the exports attained the peak of 9.3 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses skyrocketed to $209K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 251%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 1.5 | 5.8 | 40.5 | 419.6% |
| Italy | N/A | N/A | 24.1 | 35.8 | 48.5% |
| Netherlands | N/A | 1.2 | 14.9 | 30.0 | 400.0% |
| France | N/A | 79.6 | 11.7 | 17.4 | -53.2% |
| United States | 0.6 | 24.6 | 16.1 | 16.7 | 203.1% |
| United Kingdom | 3.0 | 5.2 | 18.0 | 13.5 | 65.1% |
| Poland | N/A | N/A | 15.4 | 10.0 | -35.1% |
| China | N/A | N/A | N/A | 7.9 | 0% |
| Australia | 0.1 | N/A | 2.8 | 6.2 | 295.8% |
| Belgium | N/A | 8.2 | 0.5 | 1.3 | -60.2% |
| Mongolia | N/A | N/A | N/A | 0.2 | 0% |
| Trinidad and Tobago | 39.6 | 36.6 | N/A | N/A | -7.6% |
| Others | 1.8 | 1.2 | 32.5 | 29.5 | 154.0% |
| Total | 45.0 | 158 | 142 | 209 | 66.8% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Ireland in 2022:
- Netherlands (2274.0 kg)
- Germany (1243.0 kg)
- Italy (773.0 kg)
- United Kingdom (709.0 kg)
- France (546.0 kg)
- Mongolia (240.0 kg)
- United States (224.0 kg)
- Poland (196.0 kg)
- Australia (116.0 kg)
- China (108.0 kg)
- Belgium (56.0 kg)
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