Price for Iron and Non-Alloy Steel in Ingot in Portugal - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Portugal (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Portugal
Price for Iron and Non-Alloy Steel in Ingot in Portugal (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $1,992 per ton in 2022, jumping by 48% against the previous year. Overall, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 193% against the previous year. As a result, import price attained the peak level of $5,843 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 Spain ($2,003 per ton), while the price for France totaled $1,137 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.2%), while the prices for the other major suppliers experienced a decline.
Imports of Iron and Non-Alloy Steel in Ingot in Portugal
In 2022, the amount of iron and non-alloy steel in ingots imported into Portugal expanded to 1.1K tons, rising by 2.1% against 2021 figures. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 123%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots skyrocketed to $2.1M in 2022. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 70%. As a result, imports attained the peak of $2.7M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Iron and Non-Alloy Steel in Ingot in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.6 | 0.8 | 1.4 | 2.1 | 9.5% |
| France | N/A | 1.8 | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.6 | 2.7 | 1.4 | 2.1 | 9.5% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Portugal in 2022:
- Spain (1029.2 tons)
- France (25.3 tons)
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