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

Contents:

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

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

The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $643 per ton in 2022, surging by 32% against the previous year. Overall, the export price enjoyed moderate growth. The growth pace was the most rapid in 2016 when the average export price increased by 2,913%. As a result, the export price reached the peak level of $8,647 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,126 per ton), while the average price for exports to Turkey ($420 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 Egypt (+125.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $1,472 per ton in 2021, jumping by 34% against the previous year. Overall, the import price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 105% against the previous year. As a result, import price attained the peak level of $3,500 per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +36.3% per year.

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

In 2022, overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -83.6% to 193 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. As a result, the exports attained the peak of 315K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses declined sharply to $124K in 2022. Over the period under review, exports faced a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 99% against the previous year. As a result, the exports attained the peak of $129M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/AN/A0.10%
GermanyN/AN/A0.1N/A0%
Saudi Arabia64.9129N/AN/A98.8%
TurkeyN/AN/A0.4N/A0%
Others0.1N/AN/AN/A0%
Total65.01290.60.1-88.5%

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

  1. Turkey (95.2 tons)
  2. Germany (50.5 tons)
  3. United Arab Emirates (47.6 tons)

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

In 2021, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses into Ukraine contracted markedly to 13 tons, reducing by -67.9% on the year before. Overall, imports faced a sharp shrinkage.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses contracted sharply to $19K in 2021. Over the period under review, imports faced a significant contraction.

Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ukraine (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
Germany21.89.6-56.0%
Others23.19.6-58.4%
Total44.919.3-57.0%

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

  1. Germany (6.5 tons)

Source: IndexBox Market Intelligence Platform

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