Price for Powders of Pig Iron in the Czech Republic - 2023

Price for Powders of Pig Iron in the Czech Republic (CIF) - 2022

In 2022, the average powders of pig iron import price amounted to $2,039 per ton, which is down by -8.3% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $2,225 per ton in 2021, and then dropped in the following year.

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 ($5,302 per ton), while the price for Belarus ($722 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in the Czech Republic (FOB) - 2023

The average powders of pig iron export price stood at $1,404 per ton in June 2023, with an increase of 12% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Poland ($3,535 per ton), while the average price for exports to France ($1,081 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 Norway (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powders of Pig Iron in the Czech Republic

In 2022, approx. 5.8K tons of powders of pig ira were imported into the Czech Republic; falling by -10.2% compared with the previous year. In general, imports recorded a perceptible decline. The growth pace was the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of 6.5K tons, and then declined in the following year.

In value terms, powders of pig iron imports dropped rapidly to $12M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports reached the peak of $14M, and then dropped remarkably in the following year.

Import of Powders of Pig Iron in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	4.5	3.6	4.7	5.3	5.6%
Germany	1.1	4.6	5.1	2.5	31.5%
China	N/A	N/A	0.3	1.4	366.7%
Poland	0.7	0.7	1.0	1.1	16.3%
Ukraine	0.1	0.2	1.1	0.7	91.3%
Sweden	0.8	0.7	0.8	0.4	-20.6%
Latvia	N/A	N/A	N/A	0.2	0%
Russia	0.4	0.5	0.5	0.1	-37.0%
Japan	2.8	0.7	0.2	N/A	-73.3%
Others	0.9	0.3	0.7	0.2	-39.4%
Total	11.2	11.3	14.4	11.8	1.8%

Top Suppliers of Powders of Pig Iron to the Czech Republic in 2022:

Italy (2025.7 tons)
China (1264.3 tons)
Poland (816.8 tons)
Ukraine (693.0 tons)
Germany (475.1 tons)
Sweden (258.3 tons)
Latvia (118.0 tons)
Russia (83.0 tons)

Exports of Powders of Pig Iron in the Czech Republic

In 2022, the amount of powders of pig ira exported from the Czech Republic soared to 2.5K tons, rising by 62% compared with 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, powders of pig iron exports skyrocketed to $2.8M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Export of Powders of Pig Iron in the Czech Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	253	235	557	1,332	74.0%
Austria	508	517	665	868	19.6%
Poland	118	146	319	187	16.6%
Slovakia	16.6	72.8	154	101	82.6%
Netherlands	67.1	39.4	93.1	59.8	-3.8%
France	62.6	47.6	80.7	57.7	-2.7%
United Kingdom	0.1	N/A	3.3	56.1	724.7%
Denmark	30.8	129	108	25.9	-5.6%
Norway	44.7	46.7	18.9	25.1	-17.5%
Algeria	150	N/A	N/A	N/A	0%
Others	53.2	69.2	106	81.9	15.5%
Total	1,305	1,303	2,104	2,794	28.9%