Report Asia - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Asia - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Pig Iron Market 2022

Pig Iron Market Size in Asia

The Asian pig iron market contracted to $X in 2021, which is down by -3.7% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.8% against 2015 indices. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Pig Iron Production in Asia

In value terms, pig iron production declined slightly to $X in 2021 estimated in export price. In general, production, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 126%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Pig Iron Exports

Exports in Asia

In 2021, shipments abroad of pig iron and spiegeleisen increased by 14% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 51% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pig iron exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a noticeable decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India was the largest exporter of pig iron and spiegeleisen in Asia, with the volume of exports amounting to X tons, which was approx. 58% of total exports in 2021. Democratic People's Republic of Korea (X tons) ranks second in terms of the total exports with an 11% share, followed by Indonesia (4.8%), South Korea (7%) and China (6.6%). The following exporters - Japan (X tons), Vietnam (X tons) and Qatar (X tons) - together made up 5% of total exports.

Exports from India decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, South Korea (+22.2%) and Vietnam (+2.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.2% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Democratic People's Republic of Korea (-2.4%), Japan (-2.6%), China (-12.8%) and Qatar (-61.7%) illustrated a downward trend over the same period. India (+7.7 p.p.), South Korea (+6.3 p.p.), Democratic People's Republic of Korea (+3 p.p.) and Indonesia (+2 p.p.) significantly strengthened its position in terms of the total exports, while China and Qatar saw its share reduced by -6.7% and -17.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) emerged as the largest pig iron supplier in Asia, comprising 61% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 7.9% share of total exports. It was followed by China, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (+5.7% per year) and China (-11.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Qatar ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+123.0%), while the other leaders experienced more modest paces of growth.

Pig Iron Imports

Imports in Asia

In 2021, after three years of growth, there was significant decline in supplies from abroad of pig iron and spiegeleisen, when their volume decreased by -40.7% to X tons. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 114% against the previous year. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, pig iron imports declined to $X in 2021. In general, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Turkey (X tons) and China (X tons) represented the largest importers of pig iron and spiegeleisen in Asia, together generating 66% of total imports. Thailand (X tons) ranks next in terms of the total imports with a 2.2% share, followed by Taiwan (Chinese) (8.6%), the United Arab Emirates (4.9%), Turkey (25%), South Korea (3.2%), China (42%) and Saudi Arabia (7.3%). Japan (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pig iron importing markets in Asia were China ($X), Turkey ($X) and Taiwan (Chinese) ($X), with a combined 76% share of total imports.

China, with a CAGR of +16.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 46% against the previous year. Import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and Thailand ($X per ton), while Saudi Arabia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in Asia?
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The country with the largest volume of pig iron consumption was China, comprising approx. 83% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. South Korea ranked third in terms of total consumption with a 5.6% share.
What are the largest producers of pig iron and spiegeleisen in Asia?
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The country with the largest volume of pig iron production was China, accounting for 83% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. South Korea ranked third in terms of total production with a 5.6% share.
What are the leading exporters of pig iron and spiegeleisen in Asia?
+
In value terms, India emerged as the largest pig iron supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by Indonesia, with a 7.9% share of total exports. It was followed by China, with a 6% share.
What are the leading importers of pig iron and spiegeleisen in Asia?
+
In value terms, China, Turkey and Taiwan Chinese) appeared to be the countries with the highest levels of imports in 2021, with a combined 76% share of total imports.
What is the average export price for pig iron and spiegeleisen in Asia?
+
In 2021, the export price in Asia amounted to $578 per ton, growing by 47% against the previous year.
What is the average import price for pig iron and spiegeleisen in Asia?
+
The import price in Asia stood at $537 per ton in 2021, picking up by 46% against the previous year.

This report provides an in-depth analysis of the pig iron market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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