EU: Pig Iron Market 2024

Pig Iron Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in overseas shipments of pig iron and spiegeleisen, when their volume decreased by X% to X tons. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, pig iron exports rose significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands represented the main exporter of pig iron and spiegeleisen in the European Union, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Germany (X tons), France (X tons), Poland (X tons) and Belgium (X tons), together constituting a X% share of total exports. The following exporters - the Czech Republic (X tons) and Slovakia (X tons) - each accounted for a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the pig iron and spiegeleisen exports, with a CAGR of X% from 2012 to 2022. At the same time, France (X%) and Slovakia (X%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Poland (X%), the Czech Republic (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, France and Germany increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the Netherlands, pig iron exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pig iron export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Pig Iron Imports

Imports in the EU

In 2022, overseas purchases of pig iron and spiegeleisen increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, pig iron imports skyrocketed to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Italy represented the main importing country with an import of about X tons, which resulted at X% of total imports. The Netherlands (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%), Spain (X%) and Poland (X%). France (X tons) and Belgium (X tons) followed a long way behind the leaders.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. France, Poland and Spain experienced a relatively flat trend pattern. By contrast, Germany (X%) and Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pig iron importing markets in the European Union were Italy ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pig iron import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Italy ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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