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

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

The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $1,356 per ton in 2022, increasing by 33% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses increased by +137.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +2.9% per year.

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

For the third year in a row, Uzbekistan recorded decline in overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which decreased by -58.1% to 31 tons in 2022. Over the period under review, imports showed a significant curtailment. The smallest decline of -58.1% was in 2020.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses declined dramatically to $42K in 2022. In general, imports recorded a precipitous decrease. The smallest decline of -44.2% was in 2021.