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

Contents:

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

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

In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $790 per ton, reducing by -46.6% against the previous year. Overall, the export price recorded a abrupt slump. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs at $4,294 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Indonesia ($2,520 per ton), while the average price for exports to Bangladesh ($467 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 South Africa (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $1,011 per ton in 2022, shrinking by -1.6% against the previous year. Overall, the import price, however, recorded a notable increase. The pace of growth was the most pronounced in 2018 an increase of 56%. The import price peaked at $1,028 per ton in 2021, and then dropped slightly in the following year.

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 Taiwan (Chinese) ($1,708 per ton), while the price for China ($980 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were finally on the rise to reach 7.1K tons after two years of decline. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses soared to $5.6M in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Thailand (3.3K tons)
2. India (2.5K tons)
3. South Africa (1.1K tons)
4. Bangladesh (0.2K tons)

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

In 2022, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses into Malaysia rose markedly to 3.5K tons, growing by 13% against 2021 figures. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses rose rapidly to $3.6M in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 142%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

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

1. China (3.5K tons)

Source: IndexBox Market Intelligence Platform