Price for Powders of Pig Iron in Australia - 2023

Contents:

1. Price for Powders of Pig Iron in Australia (CIF) - 2022
2. Price for Powders of Pig Iron in Australia (FOB) - 2022
3. Imports of Powders of Pig Iron in Australia
4. Exports of Powders of Pig Iron in Australia

Price for Powders of Pig Iron in Australia (CIF) - 2022

In 2022, the average powders of pig iron import price amounted to $2,558 per ton, with an increase of 12% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powders of pig iron import price increased by +90.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 49%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 the United States ($13,588 per ton), while the price for Sweden ($2,317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Australia (FOB) - 2022

The average powders of pig iron export price stood at $9,484 per ton in 2022, picking up by 259% against the previous year. Over the period under review, the export price recorded a significant increase. The growth pace was the most rapid in 2015 an increase of 796%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($24,137 per ton), while the average price for exports to the UK ($3,901 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 the UK (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powders of Pig Iron in Australia

In 2022, approx. 258 tons of powders of pig ira were imported into Australia; with a decrease of -51.8% compared with 2021. In general, imports showed a dramatic curtailment. The smallest decline of -12% was in 2021.

In value terms, powders of pig iron imports fell significantly to $661K in 2022. Over the period under review, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year.

Top Suppliers of Powders of Pig Iron to Australia in 2022:

1. Sweden (161.5 tons)
2. China (78.6 tons)
3. India (7.7 tons)
4. Italy (4.0 tons)
5. United States (3.3 tons)

Exports of Powders of Pig Iron in Australia

In 2022, exports of powders of pig ira from Australia shrank remarkably to 3.9 tons, with a decrease of -35.7% on 2021. In general, exports faced a precipitous contraction.

In value terms, powders of pig iron exports surged to $37K in 2022. Over the period under review, exports saw a precipitous slump.

Top Export Markets for Powders of Pig Iron from Australia in 2022:

1. New Zealand (3130.0 kg)
2. Taiwan (Chinese) (458.0 kg)
3. United Kingdom (244.0 kg)
4. United States (100.0 kg)

Source: IndexBox Market Intelligence Platform