Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India - 2023

Contents:

  1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India (FOB) - 2022
  2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India (CIF) - 2022
  3. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India
  4. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India (FOB) - 2022

The average export price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $650 per ton in 2022, with an increase of 28% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $1,024 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($941 per ton), while the average price for exports to China ($206 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India (CIF) - 2022

In 2022, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $1,875 per ton, picking up by 55% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for granules and powders, of pig iron, spiegeleisen, iron or steels increased by +68.0% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,461 per ton), while the price for South Korea ($682 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India

After three years of growth, shipments abroad of granules and powders, of pig iron, spiegeleisen, iron or steels decreased by -62.1% to 204K tons in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 153%.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels shrank notably to $133M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 124%.

Export of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.918.311853.7164.6%
OmanN/A25.437.240.025.5%
Bangladesh29.137.343.611.0-27.7%
NepalN/A0.10.16.9730.7%
Japan4.33.46.26.816.5%
China17.745.218.64.0-39.1%
Taiwan (Chinese)0.10.115.90.791.3%
Others6.45.934.39.514.1%
Total60.613627413330.0%

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from India in 2022:

  1. Oman (72.0K tons)
  2. United States (67.5K tons)
  3. China (19.3K tons)
  4. Bangladesh (15.2K tons)
  5. Nepal (12.7K tons)
  6. Japan (9.6K tons)
  7. Taiwan (Chinese) (0.7K tons)

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India

In 2022, imports of granules and powders, of pig iron, spiegeleisen, iron or steels into India contracted significantly to 49K tons, waning by -33% compared with 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports attained the peak of 74K tons, and then reduced sharply in the following year.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels rose modestly to $93M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

Import of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.712.616.320.77.4%
Sweden0.70.74.411.0150.5%
France6.15.38.99.214.7%
Thailand2.53.05.66.940.3%
Germany11.06.710.85.8-19.2%
United States3.84.16.05.412.4%
Italy3.02.33.13.88.2%
Canada2.30.91.83.211.6%
Spain2.62.13.82.3-4.0%
Taiwan (Chinese)1.51.43.02.213.6%
Netherlands2.11.22.32.10.0%
Turkey0.50.50.81.233.9%
South Korea1.30.70.90.6-22.7%
Others20.012.721.218.2-3.1%
Total74.254.389.092.67.7%

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to India in 2022:

  1. China (11.4K tons)
  2. France (7.1K tons)
  3. Sweden (7.1K tons)
  4. Thailand (5.6K tons)
  5. Germany (2.4K tons)
  6. United States (2.3K tons)
  7. Spain (2.1K tons)
  8. Canada (2.0K tons)
  9. Taiwan (Chinese) (2.0K tons)
  10. Italy (1.5K tons)
  11. Netherlands (1.4K tons)
  12. Turkey (1.1K tons)
  13. South Korea (0.9K tons)
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