
Pakistan - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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Pakistan: Pig Iron Market Overview 2020
Pig Iron Market Size in Pakistan
The Pakistani pig iron market dropped sharply to $X in 2019, reducing by -X% against the previous year. Overall, consumption recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
Pig Iron Production in Pakistan
In value terms, pig iron production contracted rapidly to $X in 2019 estimated in export prices. Over the period under review, production saw a abrupt slump. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Pig iron production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.
Pig Iron Exports
Exports from Pakistan
In 2019, the amount of pig iron and spiegeleisen exported from Pakistan soared to X tonnes, picking up by X% against the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked in 2019 and are likely to continue growth in years to come.
In value terms, pig iron exports skyrocketed to $X in 2019. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the near future.
Exports by Country
Indonesia (X tonnes) was the main destination for pig iron exports from Pakistan, with a approx. X% share of total exports.
From 2007 to 2019, the average annual growth rate of volume to Indonesia was relatively modest.
From 2007 to 2019, the average annual growth rate of value to Indonesia was relatively modest.
Export Prices by Country
The average pig iron export price stood at $X per tonne in 2019, remaining stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2007 to 2019, the rate of growth in terms of prices for Indonesia amounted to X% per year.
Pig Iron Imports
Imports into Pakistan
In 2019, purchases abroad of pig iron and spiegeleisen decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.
In value terms, pig iron imports fell dramatically to $X in 2019. Overall, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2019, India (X tonnes) constituted the largest pig iron supplier to Pakistan, accounting for a X% share of total imports. Moreover, pig iron imports from India exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), threefold. The third position in this ranking was occupied by Afghanistan (X tonnes), with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Afghanistan (+X% per year).
In value terms, India ($X) constituted the largest supplier of pig iron to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.
From 2007 to 2019, the average annual growth rate of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Indonesia (X% per year).
Import Prices by Country
The average pig iron import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Indonesia ($X per tonne) and Brazil ($X per tonne), while the price for India ($X per tonne) and Russia ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for pig iron and spiegeleisen in the world?+
The country with the largest volume of pig iron consumption was China (797M tonnes), accounting for 63% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India (76M tonnes), tenfold. South Korea (54M tonnes) ranked third in terms of total consumption with a 4.3% share.
What are the largest producers of pig iron and spiegeleisen in the world?+
The country with the largest volume of pig iron production was China (797M tonnes), comprising approx. 63% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India (77M tonnes), tenfold. The third position in this ranking was occupied by South Korea (54M tonnes), with a 4.2% share.
What are the leading suppliers of pig iron and spiegeleisen to Pakistan?+
In value terms, India ($2.1M) constituted the largest supplier of pig iron to Pakistan, comprising 61% of total imports. The second position in the ranking was occupied by Russia ($872K), with a 26% share of total imports. It was followed by Indonesia, with a 4.9% share.
What is the average export price for pig iron and spiegeleisen in Pakistan?+
The average pig iron export price stood at $506 per tonne in 2019, remaining constant against the previous year.
What is the average import price for pig iron and spiegeleisen in Pakistan?+
The average pig iron import price stood at $369 per tonne in 2019, which is down by -7.8% against the previous year.
This report provides an in-depth analysis of the pig iron market in Pakistan. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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