Price for Iron and Non-Alloy Steel in Ingot in Ireland - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Ireland (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Ireland (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Ireland
- Exports of Iron and Non-Alloy Steel in Ingot in Ireland
Price for Iron and Non-Alloy Steel in Ingot in Ireland (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $9,064 per ton in 2022, declining by -74.8% against the previous year. Overall, the import price, however, showed significant growth. The growth pace was the most rapid in 2021 when the average import price increased by 2,741%. As a result, import price attained the peak level of $35,990 per ton, and then dropped notably in the following year.
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 Sweden ($53,078 per ton), while the price for the UK ($5,639 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+60.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Ireland (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $17,952 per ton in 2022, jumping by 50% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 151% against the previous year. The export price peaked at $49,492 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 Oman ($51,917 per ton), while the average price for exports to the UK ($3,448 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 China (+108.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Ireland
In 2022, purchases abroad of iron and non-alloy steel in ingots increased by 8.4% to 66 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a dramatic shrinkage.
In value terms, imports of iron and non-alloy steel in ingots declined significantly to $603K in 2022. Overall, imports, however, recorded a sharp slump. The smallest decline of -18.9% was in 2020.
| Import of Iron and Non-Alloy Steel in Ingot in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2,823 | 2,747 | 1,823 | 263 | -54.7% |
| Sweden | N/A | N/A | 214 | 190 | -11.2% |
| Spain | 0.9 | N/A | 125 | 59.3 | 303.9% |
| France | N/A | N/A | 0.4 | 47.1 | 11675.0% |
| Netherlands | N/A | 11.6 | 3.5 | 20.4 | 32.6% |
| Germany | 21.8 | 13.5 | N/A | 10.5 | -21.6% |
| Denmark | 526 | N/A | N/A | N/A | 0% |
| Others | 61.5 | 12.4 | 41.2 | 12.7 | -40.9% |
| Total | 3,432 | 2,785 | 2,207 | 603 | -44.0% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Ireland in 2022:
- United Kingdom (46.6 tons)
- Sweden (3.6 tons)
- Spain (2.7 tons)
- France (2.1 tons)
- Germany (1.7 tons)
- Netherlands (1.0 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Ireland
Exports of iron and non-alloy steel in ingots from Ireland dropped markedly to 1.2 tons in 2022, with a decrease of -79.3% compared with the previous year. In general, exports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 236% against the previous year. As a result, the exports attained the peak of 5.7 tons, and then dropped rapidly in the following year.
In value terms, exports of iron and non-alloy steel in ingots contracted sharply to $21K in 2022. Over the period under review, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2021 when exports increased by 181% against the previous year. As a result, the exports reached the peak of $68K, and then reduced sharply in the following year.
| Export of Iron and Non-Alloy Steel in Ingot in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.0 | 3.5 | 6.2 | 6.9 | -4.8% |
| Oman | N/A | N/A | N/A | 4.4 | 0% |
| South Africa | N/A | N/A | N/A | 2.6 | 0% |
| United States | N/A | 2.9 | 8.1 | 2.3 | -10.9% |
| Indonesia | N/A | N/A | N/A | 1.9 | 0% |
| Malaysia | N/A | N/A | N/A | 1.4 | 0% |
| Spain | N/A | 8.6 | 7.5 | 0.3 | -81.3% |
| Japan | N/A | 6.3 | N/A | N/A | 0% |
| Italy | N/A | 3.0 | N/A | N/A | 0% |
| Canada | N/A | N/A | 18.6 | N/A | 0% |
| Turkey | 11.5 | N/A | N/A | N/A | 0% |
| Others | 0.8 | N/A | 27.8 | 1.4 | 20.5% |
| Total | 20.3 | 24.3 | 68.3 | 21.1 | 1.3% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Ireland in 2022:
- United Kingdom (2006.0 kg)
- United States (141.0 kg)
- Oman (84.0 kg)
- South Africa (78.0 kg)
- Indonesia (40.0 kg)
- Malaysia (39.0 kg)
- Spain (7.0 kg)
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