Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Sri Lanka - 2022
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Sri Lanka (CIF) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Sri Lanka
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Sri Lanka (CIF) - 2022
The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $2,500 per ton in 2022, increasing by 110% against the previous year. Overall, the import price saw resilient growth. The growth pace was the most rapid in 2016 when the average import price increased by 739% against the previous year. As a result, import price reached the peak level of $5,447 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($8,846 per ton), while the price for India ($551 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+43.8%), 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 Sri Lanka
After three years of growth, supplies from abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -12.1% to 1.6 tons in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 372% against the previous year. As a result, imports attained the peak of 1.9 tons, and then shrank in the following year.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses soared to $4.1K in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 279% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 3,167 | 0% |
| India | 30.0 | 93.0 | 648 | 639 | 177.2% |
| China | 125 | 494 | 1,575 | 291 | 32.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 155 | 587 | 2,223 | 4,097 | 197.9% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Sri Lanka in 2022:
- India (1159.0 kg)
- Singapore (358.0 kg)
- China (122.0 kg)
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This report provides an in-depth analysis of the pig iron market in Sri Lanka.
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This report provides an in-depth analysis of the iron and steel market in Sri Lanka.
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This report provides an in-depth analysis of the global pig iron market.
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