Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Iraq - 2022

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

In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,113 per ton, with an increase of 14% against the previous year. Overall, the import price continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 85%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,122 per ton), while the price for Turkey stood at $755 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced a decline.

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

For the third year in a row, Iraq recorded decline in overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which decreased by -30.9% to 2 tons in 2022. Overall, imports continue to indicate a dramatic downturn.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses reduced rapidly to $2.3K in 2022. In general, imports recorded a dramatic shrinkage. The smallest decline of -17.5% was in 2021.