Price for Iron and Non-Alloy Steel in Ingot in Belgium - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Belgium (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Belgium (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Belgium
- Exports of Iron and Non-Alloy Steel in Ingot in Belgium
Price for Iron and Non-Alloy Steel in Ingot in Belgium (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $647 per ton, increasing by 22% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
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 France ($7,038 per ton), while the price for the Netherlands ($238 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+27.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron and Non-Alloy Steel in Ingot in Belgium (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $1,325 per ton, increasing by 128% against the previous year. Overall, the export price continues to indicate tangible growth. Over the period under review, the average export prices reached the maximum at $1,670 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($2,505 per ton), while the average price for exports to the Netherlands ($398 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 the Czech Republic (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Belgium
In 2022, purchases abroad of iron and non-alloy steel in ingots decreased by -25.2% to 7.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. As a result, imports reached the peak of 10K tons, and then reduced notably in the following year.
In value terms, imports of iron and non-alloy steel in ingots shrank to $5.1M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 126% against the previous year. As a result, imports attained the peak of $5.6M, and then dropped in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 0.7 | 1.9 | 2.2 | 180.2% |
| Netherlands | 1.3 | 1.0 | 1.7 | 1.7 | 9.4% |
| Russia | N/A | N/A | 1.0 | N/A | 0% |
| Others | 0.5 | 0.8 | 1.0 | 1.2 | 33.9% |
| Total | 1.8 | 2.5 | 5.6 | 5.1 | 41.5% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Belgium in 2022:
- Netherlands (7.0K tons)
- Germany (3.4K tons)
Exports of Iron and Non-Alloy Steel in Ingot in Belgium
In 2022, overseas shipments of iron and non-alloy steel in ingots decreased by -81.7% to 566 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 337%.
In value terms, exports of iron and non-alloy steel in ingots contracted remarkably to $750K in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 286% against the previous year.
| Export of Iron and Non-Alloy Steel in Ingot in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.2 | 247 | 204 | 238 | 959.7% |
| Czech Republic | N/A | N/A | N/A | 200 | 0% |
| Germany | 7.8 | 259 | 1,483 | 110 | 141.6% |
| France | 157 | 24.1 | 10.1 | 79.7 | -20.2% |
| Australia | N/A | 23.6 | 32.7 | 66.0 | 67.2% |
| Netherlands | 35.1 | 71.1 | 34.4 | 25.3 | -10.3% |
| Uganda | N/A | 245 | N/A | N/A | 0% |
| Others | 44.8 | 73.4 | 37.5 | 31.3 | -11.3% |
| Total | 245 | 943 | 1,802 | 750 | 45.2% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Belgium in 2022:
- Germany (200.4 tons)
- India (135.6 tons)
- Czech Republic (79.7 tons)
- France (71.7 tons)
- Netherlands (63.5 tons)
- Australia (42.6 tons)
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