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

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Germany (CIF) - 2023
2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Germany (FOB) - 2022
3. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Germany
4. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Germany

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Germany (CIF) - 2023

The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $753 per ton in August 2023, waning by -9.3% against the previous month. Over the period under review, the import price saw a pronounced setback. The pace of growth appeared the most rapid in January 2023 an increase of 28% against the previous month. Over the period under review, average import prices attained the maximum at $1,145 per ton in October 2022; however, from November 2022 to August 2023, import prices stood at a somewhat lower figure.

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

From October 2022 to August 2023, the rate of growth in terms of prices for China amounted to +10.9% per month.

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

In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $2,704 per ton, declining by -20.5% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 6.6% against the previous year. Over the period under review, the average export prices hit record highs at $96,165 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lebanon ($2,826 per ton) and Hungary ($2,715 per ton), while the average price for exports to Jordan ($2,129 per ton) and Iceland ($2,520 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the third consecutive year, Germany recorded growth in purchases abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which increased by 727% to 16K tons in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 9,023%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses soared to $7.7M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 8,890%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. France (9.9K tons)
2. United Kingdom (3.3K tons)
3. Austria (2.0K tons)
4. Netherlands (0.4K tons)

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

In 2022, approx. 180 tons of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were exported from Germany; picking up by 80% against 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 718%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses skyrocketed to $486K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 252%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Hungary (173.3 tons)
2. Jordan (3.5 tons)
3. Lebanon (1.6 tons)

Source: IndexBox Market Intelligence Platform