Price for Powders of Pig Iron in Finland - 2023

Contents:

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

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

The average powders of pig iron import price stood at $6,078 per ton in 2022, with an increase of 21% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 79%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($30,241 per ton), while the price for Sweden ($1,514 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average powders of pig iron export price amounted to $1,665 per ton, which is down by -9.1% against the previous year. In general, the export price showed a dramatic setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 391% against the previous year. Over the period under review, the average export prices attained the peak figure at $66,516 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,353 per ton), while the average price for exports to the United States ($538 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 China (-17.7%), while the prices for the other major destinations experienced a decline.

Imports of Powders of Pig Iron in Finland

In 2022, imports of powders of pig ira into Finland shrank to 1.4K tons, declining by -14.7% compared with the previous year. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 6.1%.

In value terms, powders of pig iron imports expanded slightly to $8.7M in 2022. The total import value increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Powders of Pig Iron in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.83.24.25.948.5%
Germany1.41.62.02.012.6%
Sweden0.30.30.40.30.0%
France0.20.10.20.20.0%
United Kingdom2.31.41.40.1-64.8%
Others0.20.20.20.314.5%
Total6.16.88.58.712.6%

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

  1. Germany (836.7 tons)
  2. China (314.6 tons)
  3. Sweden (223.6 tons)
  4. France (30.9 tons)
  5. United Kingdom (1.7 tons)

Exports of Powders of Pig Iron in Finland

In 2022, powders of pig iron exports from Finland rose significantly to 155 tons, picking up by 14% on the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,311% against the previous year. As a result, the exports attained the peak of 163 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, powders of pig iron exports expanded to $258K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,279% 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.

Export of Powders of Pig Iron in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A240163180-13.4%
GermanyN/A3.213.165.0350.7%
United StatesN/AN/AN/A12.80%
United KingdomN/AN/A73.3N/A0%
Others17.6N/A0.3N/A-86.9%
Total17.6243249258144.7%

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

  1. China (116.3 tons)
  2. United States (23.7 tons)
  3. Germany (14.9 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Iron or steel, pig iron, spiegeleisen; powders (excluding alloy steel) - Finland