Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan - 2022
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan (CIF) - 2022
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan (FOB) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan (CIF) - 2022
The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $778 per ton in 2022, increasing by 37% against the previous year. In general, the import price saw pronounced growth. The pace of growth was the most pronounced in 2019 an increase of 74%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
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 India ($4,390 per ton), while the price for Oman ($636 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan (FOB) - 2022
In 2021, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,372 per ton, with an increase of 156% against the previous year. In general, the export price, however, saw a deep downturn. Over the period under review, the average export prices attained the maximum at $2,572 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2013 to 2021, the rate of growth in terms of prices for Sweden amounted to 0.0% per year.
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan
In 2022, approx. 609 tons of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were imported into Pakistan; reducing by -10.5% against 2021. Overall, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses surged to $474K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 186 | 237 | 139 | 159 | -5.1% |
| Oman | N/A | 24.5 | 176 | 142 | 140.7% |
| Kuwait | 13.9 | 57.5 | 47.4 | 85.2 | 83.0% |
| India | 9.7 | 28.5 | 22.8 | 41.1 | 61.8% |
| Afghanistan | 52.1 | N/A | N/A | N/A | 0% |
| Others | 52.9 | 0.9 | 1.9 | 46.6 | -4.1% |
| Total | 315 | 349 | 386 | 474 | 14.6% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Pakistan in 2022:
- Oman (223.1 tons)
- South Africa (209.6 tons)
- Kuwait (111.9 tons)
- India (9.4 tons)
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan
In 2021, the amount of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses exported from Pakistan reduced dramatically to 18 tons, dropping by -93% compared with 2020. Overall, exports saw a precipitous descent.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses declined markedly to $25K in 2021. In general, exports showed a precipitous shrinkage.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Pakistan (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Russia | N/A | 12.2 | 0% |
| Sweden | 138 | N/A | 0% |
| Others | N/A | 12.5 | 0% |
| Total | 138 | 24.7 | -82.1% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Pakistan in 2022:
- Russia (8.9 tons)
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