Price for Powders of Pig Iron in Uruguay - 2021

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

In 2022, the average powders of pig iron import price amounted to $2,663 per ton, with an increase of 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($3,050 per ton) and Sweden ($2,903 per ton), while the price for Brazil ($2,254 per ton) and the United States ($2,611 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average powders of pig iron export price stood at $1,000 per ton in 2022, standing approx. at the previous year. Overall, the export price faced a deep setback. The growth pace was the most rapid in 2020 when the average export price decreased by 99.9%. The export price peaked at $1,383 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2019 to 2022, the rate of growth in terms of prices for Brazil amounted to 0.0% per year.

Imports of Powders of Pig Iron in Uruguay

In 2022, approx. 81 tons of powders of pig ira were imported into Uruguay; dropping by -68.7% compared with 2021. In general, imports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 411%. As a result, imports reached the peak of 258 tons, and then shrank markedly in the following year.

In value terms, powders of pig iron imports reduced rapidly to $215K in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 362%. As a result, imports reached the peak of $504K, and then contracted notably in the following year.

Import of Powders of Pig Iron in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	7.3	2.7	0.3	74.6	117.0%
Sweden	8.1	2.2	N/A	65.0	100.2%
China	0.3	0.1	0.6	61.1	488.4%
United States	54.3	34.6	121	13.8	-36.7%
Spain	10.4	8.1	19.8	N/A	38.0%
Germany	27.2	24.0	121	N/A	110.9%
Egypt	28.5	26.5	84.9	N/A	72.6%
Mexico	5.8	4.6	11.7	N/A	42.0%
Canada	0.8	4.8	11.2	N/A	274.2%
Others	1.0	1.4	134	0.8	-7.2%
Total	144	109	504	215	14.3%

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

Brazil (33.1 tons)
Sweden (22.4 tons)
China (20.0 tons)
United States (5.3 tons)

Exports of Powders of Pig Iron in Uruguay

In 2022, overseas shipments of powders of pig ira decreased by 0% to 1 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a significant curtailment. The smallest decline of 99.9% was in 2020.

In value terms, powders of pig iron exports stood at $1 in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2020.