Price for Iron and Non-Alloy Steel in Ingot in Brazil - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Brazil (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Brazil (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Brazil
- Exports of Iron and Non-Alloy Steel in Ingot in Brazil
Price for Iron and Non-Alloy Steel in Ingot in Brazil (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $1,180 per ton, which is down by -7.7% against the previous year. Over the period under review, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2019 an increase of 75%. Over the period under review, average import prices attained the peak figure at $2,948 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($22,827 per ton), while the price for Italy totaled $1,325 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.7%).
Price for Iron and Non-Alloy Steel in Ingot in Brazil (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $389 per ton in 2022, waning by -40% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 1,428% against the previous year. The export price peaked at $10,308 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($2,854 per ton), while the average price for exports to Germany ($1,138 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 Argentina (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron and Non-Alloy Steel in Ingot in Brazil
In 2022, imports of iron and non-alloy steel in ingots into Brazil stood at 1.7K tons, increasing by 12% on the previous year. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,090%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots rose to $2M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 416% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
Import of Iron and Non-Alloy Steel in Ingot in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | N/A | 1,694 | 1,286 | -24.1% |
Germany | 86.7 | 182 | N/A | 100 | 4.9% |
United States | 99.9 | 22.4 | 147 | 19.4 | -42.1% |
Japan | 54.2 | 84.6 | 110 | 7.8 | -47.6% |
Others | 46.9 | 89.8 | 3.7 | 602 | 134.1% |
Total | 288 | 379 | 1,956 | 2,016 | 91.3% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Brazil in 2022:
- Italy (970.5 tons)
- Germany (7.5 tons)
- Japan (0.9 tons)
- United States (0.8 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Brazil
Exports of iron and non-alloy steel in ingots from Brazil expanded modestly to 235 tons in 2022, surging by 3% against the year before. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 676,259%. As a result, the exports reached the peak of 21K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron and non-alloy steel in ingots shrank notably to $92K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 116,190% against the previous year. As a result, the exports reached the peak of $13M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Iron and Non-Alloy Steel in Ingot in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 0.1 | 0.1 | 85.4 | 50.8 | 697.9% |
Germany | N/A | N/A | 23.0 | 30.5 | 32.6% |
Bolivia | 7.6 | 3.0 | 18.4 | 5.0 | -13.0% |
Paraguay | 0.1 | 0.9 | 13.1 | 3.2 | 217.5% |
China | N/A | 11,351 | N/A | N/A | 0% |
United Kingdom | N/A | 1,904 | N/A | N/A | 0% |
Others | 3.5 | 5.6 | 8.3 | 2.1 | -15.7% |
Total | 11.4 | 13,264 | 148 | 91.7 | 100.4% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Brazil in 2022:
- Argentina (31.2 tons)
- Germany (26.8 tons)
- Bolivia (2.8 tons)
- Paraguay (1.1 tons)
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This report provides an in-depth analysis of the non-alloy steel ingot market in Brazil.
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