Europe: Pig Iron Articles Market 2023

Pig Iron Articles Market Size in Europe

In 2021, the Europe pig iron articles market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Pig Iron Articles Production in Europe

In value terms, pig iron articles production skyrocketed to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pig Iron Articles Exports

Exports in Europe

In 2021, after three years of decline, there was significant growth in overseas shipments of granules and powders of pig iron, when their volume increased by 21% to X tons. Overall, exports, however, continue to indicate a slight downturn. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, pig iron articles exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden was the largest exporter of granules and powders of pig iron in Europe, with the volume of exports resulting at X tons, which was approx. 49% of total exports in 2021. Germany (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Romania (7.6%). The following exporters - Russia (X tons), Belgium (X tons), Spain (X tons), Slovenia (X tons), the UK (X tons), Poland (X tons) and the Czech Republic (X tons) - together made up 20% 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%), Russia (+11.3%), 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 Europe, with a CAGR of +48.9% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, Slovenia (-2.4%), the Czech Republic (-2.9%) and the UK (-13.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Sweden, Romania, Spain and Russia increased by +7.9, +6.2, +3.8, +3.2 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest pig iron articles supplier in Europe, comprising 43% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by Belgium, with an 8.4% 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 Europe stood at $X per ton in 2021, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 when the export price increased by 16% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.8%), while the other leaders experienced more modest paces of growth.

Pig Iron Articles Imports

Imports in Europe

In 2021, after two years of decline, there was significant growth in supplies from abroad of granules and powders of pig iron, when their volume increased by 15% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, pig iron articles imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% 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

Germany (X tons) and Italy (X tons) represented roughly 38% of total imports in 2021. Spain (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.6%), Poland (5.2%), the UK (5.1%) and Austria (4.6%). The Czech Republic (X tons), Russia (X tons), Portugal (X tons), France (X tons), the Netherlands (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Portugal (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported granules and powders of pig iron in Europe, comprising 29% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Spain, with a 9.2% share.

In Germany, pig iron articles imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+0.9% per year) and Spain (+1.2% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, jumping by 17% against the previous year. In general, the import price showed 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 the UK ($X per ton), while Russia ($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 Market Intelligence Platform

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