Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Saudi Arabia - 2022
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Saudi Arabia (CIF) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Saudi Arabia
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Saudi Arabia (CIF) - 2022
In 2020, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $415 per ton, falling by -8.9% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 2.6% against the previous year. The import price peaked at $758 per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Russia ($449 per ton), while the price for Ukraine totaled $408 per ton.
From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Turkey (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Saudi Arabia
In 2020, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses into Saudi Arabia surged to 419K tons, increasing by 23% compared with the year before. The total import volume increased at an average annual rate of +22.6% over the period from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses expanded rapidly to $174M in 2020. The total import value increased at an average annual rate of +11.7% from 2019 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. 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 Saudi Arabia (Million USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| Ukraine | 64.9 | 152 | 134.2% |
| Russia | 40.2 | 21.4 | -46.8% |
| Turkey | 50.4 | N/A | 0% |
| Others | 0.3 | 1.0 | 233.3% |
| Total | 156 | 174 | 11.5% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Saudi Arabia in 2022:
- Ukraine (371.1K tons)
- Russia (47.6K tons)
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This report provides an in-depth analysis of the global iron and steel market.
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This report provides an in-depth analysis of the pig iron market in Saudi Arabia.
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This report provides an in-depth analysis of the iron and steel market in Saudi Arabia.
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This report provides an in-depth analysis of the global pig iron market.
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This report provides an in-depth analysis of the global iron and steel market.
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Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
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Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
