EU: Pig Iron Articles Market 2023

Pig Iron Articles Market Size in the EU

After two years of decline, the EU pig iron articles market increased by 9.8% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Pig Iron Articles Production in the EU

In value terms, pig iron articles production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, saw a mild reduction. The most prominent rate of growth was recorded in 2015 with an increase of 14%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Pig Iron Articles Exports

Exports in the EU

In 2021, shipments abroad of granules and powders of pig iron increased by 21% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, pig iron articles exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Sweden was the major exporting country with an export of about X tons, which finished at 54% of total exports. Germany (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Romania (8.4%). Belgium (X tons), Spain (X tons), Slovenia (X tons) and Poland (X tons) took a relatively small share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of granules and powders of pig iron. At the same time, Spain (+48.9%), Poland (+6.9%), Romania (+6.4%) and Germany (+5.9%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +48.9% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, Slovenia (-2.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Romania, Spain and Sweden increased by +8.1, +3.9, +3.5 and +3.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest pig iron articles supplier in the European Union, comprising 48% of total exports. The second position in the ranking was held by Germany ($X), with a 23% share of total exports. It was followed by Belgium, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Germany (+2.7% per year) and Belgium (+3.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the export price increased by 16% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+3.7%), while the other leaders experienced more modest paces of growth.

Pig Iron Articles Imports

Imports in the EU

In 2021, overseas purchases of granules and powders of pig iron were finally on the rise to reach X tons after two years of decline. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, pig iron articles imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) and Italy (X tons) represented the largest importers of granules and powders of pig iron in the European Union, together committing 42% of total imports. Spain (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (6.2%), Poland (5.8%), Austria (5.2%) and the Czech Republic (4.9%). Portugal (X tons), France (X tons), the Netherlands (X tons), Slovakia (X tons), Sweden (X tons) and Slovenia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported granules and powders of pig iron in the European Union, comprising 32% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Germany was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+0.9% per year) and Spain (+1.2% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, increasing by 17% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :