Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil - 2023

Contents:

  1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil (FOB) - 2022
  2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil (CIF) - 2022
  3. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil
  4. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil (FOB) - 2022

The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $56,055 per ton in 2022, rising by 261% against the previous year. Over the period under review, the export price posted a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($300,370 per ton), while the average price for exports to Uruguay ($19,400 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 Uruguay (+1,840.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil (CIF) - 2022

In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $116,111 per ton, remaining constant against the previous year. In general, the import price showed significant growth. The most prominent rate of growth was recorded in 2016 an increase of 245%. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +50.1% per year.

Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil

In 2022, overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -34% to 272 kg, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 219% against the previous year. As a result, the exports reached the peak of 479 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses surged to $15K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 280% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ParaguayN/AN/AN/A8.10%
BoliviaN/AN/AN/A4.80%
UruguayN/AN/AN/A2.30%
Malaysia0.20.10.1N/A-29.3%
India0.20.40.9N/A112.1%
Indonesia1.15.05.0N/A113.2%
Others0.10.40.4N/A100.0%
Total1.65.96.415.2111.8%

Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Brazil in 2022:

  1. Bolivia (125.0 kg)
  2. Uruguay (120.0 kg)
  3. Paraguay (27.0 kg)

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil

In 2022, approx. 9 kg of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were imported into Brazil; remaining constant against the year before. In general, imports continue to indicate a sharp reduction. The smallest decline of -82.6% was in 2020.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses totaled $1K in 2022. Over the period under review, imports showed a precipitous decline. The smallest decline of -82% was in 2020.

Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.4N/AN/A1.035.7%
China76.013.9N/AN/A-81.7%
United Kingdom4.00.7N/AN/A-82.5%
France43.38.7N/AN/A-79.9%
Others16.51.9N/AN/A-88.5%
Total14025.2N/A1.0-80.7%

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Brazil in 2022:

  1. United States (9.0 kg)

Source: IndexBox Market Intelligence Platform

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