Price for Powders of Pig Iron in Pakistan - 2023

Contents:

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

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

The average powders of pig iron import price stood at $780 per ton in 2022, surging by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($1,502 per ton), while the price for Belgium ($319 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+54.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average powders of pig iron export price stood at $344 per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2013 an increase of 6.1%. As a result, the export price attained the peak level of $798 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -7.6% per year.

Imports of Powders of Pig Iron in Pakistan

In 2022, the amount of powders of pig ira imported into Pakistan surged to 1.1K tons, increasing by 15% compared with the previous year's figure. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% 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 +63.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, powders of pig iron imports surged to $893K in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Canada (525.3 tons)
2. China (323.5 tons)
3. Sweden (73.5 tons)
4. South Korea (46.4 tons)
5. Belgium (28.6 tons)

Exports of Powders of Pig Iron in Pakistan

In 2022, shipments abroad of powders of pig ira decreased by -40.5% to 244 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 732%. As a result, the exports attained the peak of 409 tons, and then fell dramatically in the following year.

In value terms, powders of pig iron exports fell markedly to $84K in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 596% against the previous year. As a result, the exports attained the peak of $141K, and then plummeted in the following year.

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

1. China (243.7 tons)

Source: IndexBox Market Intelligence Platform