Price for Powders of Pig Iron in Poland - 2023

Price for Powders of Pig Iron in Poland (FOB) - 2023

The average powders of pig iron export price stood at $1,385 per ton in June 2023, with an increase of 5.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 13% month-to-month. Over the period under review, the average export prices hit record highs at $1,489 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Spain ($2,149 per ton), while the average price for exports to Latvia ($813 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Powders of Pig Iron in Poland (CIF) - 2023

The average powders of pig iron import price stood at $1,291 per ton in June 2023, shrinking by -3.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in November 2022 an increase of 18% month-to-month. The import price peaked at $1,581 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($1,438 per ton), while the price for the Czech Republic ($491 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Powders of Pig Iron in Poland

In 2022, powders of pig iron exports from Poland reduced to 7.6K tons, waning by -12.4% against the previous year's figure. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 0.9% against the previous year.

In value terms, powders of pig iron exports contracted to $11M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of $11M, leveling off in the following year.

Export of Powders of Pig Iron in Poland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	5.2	4.5	5.6	5.7	3.1%
Czech Republic	1.9	1.7	2.4	2.7	12.4%
Belgium	0.4	0.4	0.7	0.7	20.5%
Mexico	0.5	0.5	0.5	0.5	0.0%
Spain	0.7	0.7	0.6	0.4	-17.0%
Italy	N/A	0.6	0.4	0.3	-29.3%
Latvia	N/A	0.1	0.2	0.2	41.4%
France	0.3	0.1	0.2	0.1	-30.7%
Others	0.3	0.4	0.6	0.3	0.0%
Total	9.4	8.9	11.0	10.9	5.1%

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

Germany (3828.6 tons)
Czech Republic (1844.2 tons)
Belgium (666.7 tons)
Mexico (335.8 tons)
Latvia (206.9 tons)
Italy (203.7 tons)
Spain (189.8 tons)
France (138.1 tons)

Imports of Powders of Pig Iron in Poland

In 2022, approx. 10K tons of powders of pig ira were imported into Poland; surging by 15% on the previous year. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, powders of pig iron imports surged to $14M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +45.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Powders of Pig Iron in Poland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	0.7	0.7	2.1	4.8	90.0%
Sweden	1.7	2.8	4.6	4.5	38.3%
Romania	3.0	1.5	2.4	2.4	-7.2%
Czech Republic	0.4	0.3	0.6	0.5	7.7%
China	0.4	0.3	0.1	0.5	7.7%
Italy	0.4	0.1	0.2	0.3	-9.1%
Russia	0.6	N/A	0.1	N/A	-59.2%
France	1.3	2.5	N/A	N/A	92.3%
Canada	0.8	N/A	N/A	N/A	0%
Others	0.2	1.2	0.6	0.6	44.2%
Total	9.6	9.4	10.6	13.6	12.3%