Price for Powders of Pig Iron in Spain - 2023

Contents:

  1. Price for Powders of Pig Iron in Spain (CIF) - 2022
  2. Price for Powders of Pig Iron in Spain (FOB) - 2023
  3. Imports of Powders of Pig Iron in Spain
  4. Exports of Powders of Pig Iron in Spain

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

In 2022, the average powders of pig iron import price amounted to $1,718 per ton, surging by 15% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Germany ($2,196 per ton), while the price for Canada ($1,028 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average powders of pig iron export price stood at $1,662 per ton in June 2023, declining by -7.2% against the previous month. Over the period under review, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in July 2022 an increase of 98% against the previous month. As a result, the export price reached the peak level of $4,225 per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In June 2023, the countries with the highest prices were Austria ($2,009 per ton) and Italy ($1,952 per ton), while the average price for exports to the Czech Republic ($1,465 per ton) and the Netherlands ($1,544 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Powders of Pig Iron in Spain

Powders of pig iron imports into Spain reduced to 30K tons in 2022, declining by -13.9% on 2021 figures. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 4.7% against the previous year.

In value terms, powders of pig iron imports shrank slightly to $51M in 2022. In general, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year.

Import of Powders of Pig Iron in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden27.522.826.425.4-2.6%
Romania5.54.26.77.410.4%
United States6.63.96.36.1-2.6%
Egypt4.03.44.85.410.5%
Canada2.61.82.51.5-16.8%
Italy1.31.21.21.42.5%
Germany2.41.80.81.1-22.9%
Others3.03.22.82.7-3.5%
Total52.942.451.651.1-1.1%

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

  1. Sweden (15.6K tons)
  2. Romania (4.1K tons)
  3. Egypt (3.7K tons)
  4. United States (2.9K tons)
  5. Canada (1.5K tons)
  6. Italy (0.7K tons)
  7. Germany (0.5K tons)

Exports of Powders of Pig Iron in Spain

In 2022, the amount of powders of pig ira exported from Spain dropped to 5.9K tons, reducing by -10.4% compared with 2021 figures. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, the exports attained the peak of 6.6K tons, and then reduced in the following year.

In value terms, powders of pig iron exports surged to $13M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 86% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Powders of Pig Iron in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.63.47.49.226.0%
France0.80.80.51.111.2%
Italy0.50.40.50.66.3%
Colombia0.40.10.40.57.7%
Mexico0.30.20.30.30.0%
Others0.60.51.01.018.6%
Total7.35.410.212.720.3%

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

  1. Germany (4246.5 tons)
  2. France (625.0 tons)
  3. Italy (246.1 tons)
  4. Colombia (221.4 tons)
  5. Mexico (175.0 tons)

Source: IndexBox Market Intelligence Platform

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