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

Pig Iron Market Size

The global pig iron market shrank slightly to $X in 2021, declining by -2.7% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2020, and then fell in the following year.

Pig Iron Production

In value terms, pig iron production shrank to $X in 2021 estimated in export price. Overall, production, however, saw perceptible growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 102%. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth failed to regain momentum.

Pig Iron Exports

Exports

In 2021, global pig iron exports dropped modestly to X tons, which is down by -3% on the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports reached the peak of X tons, and then fell modestly in the following year.

In value terms, pig iron exports surged to $X in 2021. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.2% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Ukraine (X tons), Russia (X tons) and Brazil (X tons), together resulting at 74% of total export. Brazil (X tons) ranks next in terms of the total exports with a 23% share, followed by India (5.6%) and Ukraine (23%). The Netherlands (X tons), Germany (X tons), Venezuela (X tons) and South Africa (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Venezuela (with a CAGR of +11.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest pig iron supplying countries worldwide were Russia ($X), Brazil ($X) and Ukraine ($X), together accounting for 74% of global exports. India, the Netherlands, South Africa, Germany and Venezuela lagged somewhat behind, together accounting for a further 16%.

The Netherlands, with a CAGR of +11.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pig iron export price amounted to $X per ton, picking up by 44% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the Netherlands ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the other global leaders experienced more modest paces of growth.

Pig Iron Imports

Imports

In 2021, global pig iron imports reduced to X tons, which is down by -6.1% against the previous year's figure. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, pig iron imports skyrocketed to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importer of pig iron and spiegeleisen in the world, with the volume of imports amounting to X tons, which was approx. 41% of total imports in 2021. It was distantly followed by Turkey (X tons), Italy (X tons) and China (X tons), together generating a 31% share of total imports. The following importers - the United Arab Emirates (X tons), Mexico (X tons), Poland (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), Germany (X tons), South Korea (X tons) and Saudi Arabia (X tons) - together made up 16% of total imports.

From 2012 to 2021, average annual rates of growth with regard to pig iron imports into the United States stood at +3.9%. At the same time, China (+14.7%), the United Arab Emirates (+10.2%), the Netherlands (+8.6%), Mexico (+5.6%), Italy (+2.6%) and Poland (+2.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +14.7% from 2012-2021. By contrast, Turkey (-1.6%), Saudi Arabia (-6.3%), Taiwan (Chinese) (-6.7%), Germany (-8.0%) and South Korea (-17.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the United States increased by +9 and +7.7 percentage points, respectively. Saudi Arabia (-2.5 p.p.), Turkey (-2.6 p.p.), Germany (-2.9 p.p.), Taiwan (Chinese) (-3.2 p.p.) and South Korea (-5.4 p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported pig iron and spiegeleisen worldwide, comprising 41% of global imports. The second position in the ranking was held by China ($X), with a 13% share of global imports. It was followed by Italy, with a 9.7% share.

In the United States, pig iron imports increased at an average annual rate of +5.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+16.5% per year) and Italy (+4.9% per year).

Import Prices by Country

The average pig iron import price stood at $X per ton in 2021, growing by 53% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.2% 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 attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.5%), while the other global 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 the world?
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China remains the largest pig iron consuming country worldwide, accounting for 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. The third position in this ranking was held by South Korea, with a 4.9% share.
What are the largest producers of pig iron and spiegeleisen in the world?
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China remains the largest pig iron producing country worldwide, comprising approx. 73% 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 4.9% share.
What are the leading suppliers of pig iron and spiegeleisen in the world?
+
In value terms, the largest pig iron supplying countries worldwide were Russia, Brazil and Ukraine, with a combined 74% share of global exports. India, the Netherlands, South Africa, Germany and Venezuela lagged somewhat behind, together accounting for a further 16%.
What are the leading importers of pig iron and spiegeleisen in the world?
+
In value terms, the United States constitutes the largest market for imported pig iron and spiegeleisen worldwide, comprising 41% of global imports. The second position in the ranking was taken by China, with a 13% share of global imports. It was followed by Italy, with a 9.7% share.
What is the average export price for pig iron and spiegeleisen in the world?
+
The average pig iron export price stood at $505 per ton in 2021, growing by 44% against the previous year.
What is the average import price for pig iron and spiegeleisen in the world?
+
In 2021, the average pig iron import price amounted to $542 per ton, with an increase of 53% against the previous year.

This report provides an in-depth analysis of the global pig iron market. 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

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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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