Price for Iron and Non-Alloy Steel in Ingot in the Czech Republic - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in the Czech Republic (CIF) - 2023
- Price for Iron and Non-Alloy Steel in Ingot in the Czech Republic (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in the Czech Republic
- Exports of Iron and Non-Alloy Steel in Ingot in the Czech Republic
Price for Iron and Non-Alloy Steel in Ingot in the Czech Republic (CIF) - 2023
In September 2023, the average import price for iron and non-alloy steel in ingots amounted to $1,062 per ton, falling by -26.5% against the previous month. In general, the import price, however, posted a slight increase. The growth pace was the most rapid in December 2022 an increase of 171% against the previous month. The import price peaked at $1,686 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Hungary ($2,754 per ton), while the price for Germany ($873 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron and Non-Alloy Steel in Ingot in the Czech Republic (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $4,016 per ton in 2022, increasing by 52% against the previous year. In general, the export price saw a prominent increase. The growth pace was the most rapid in 2021 an increase of 223%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($5,915 per ton), while the average price for exports to Romania ($1,510 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 Denmark (+66.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in the Czech Republic
In 2022, imports of iron and non-alloy steel in ingots into the Czech Republic reduced slightly to 12K tons, shrinking by -1.9% on the previous year's figure. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 321% against the previous year. As a result, imports attained the peak of 12K tons, and then reduced in the following year.
In value terms, imports of iron and non-alloy steel in ingots reduced to $11M in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 354% against the previous year. As a result, imports attained the peak of $12M, and then declined in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 519 | 506 | 1,572 | 5,196 | 115.5% |
| Poland | 501 | 41.3 | 1,329 | 1,580 | 46.6% |
| Slovakia | 59.6 | 130 | 844 | 1,486 | 192.1% |
| Austria | 42.1 | 577 | 1,120 | 1,102 | 196.9% |
| Italy | 582 | 319 | 5,959 | 936 | 17.2% |
| Netherlands | 227 | 301 | 17.9 | 5.6 | -70.9% |
| Luxembourg | N/A | 526 | 133 | N/A | -74.7% |
| Others | 548 | 179 | 740 | 629 | 4.7% |
| Total | 2,478 | 2,579 | 11,714 | 10,935 | 64.0% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to the Czech Republic in 2022:
- Germany (4.7K tons)
- Poland (3.5K tons)
- Slovakia (1.7K tons)
- Austria (0.9K tons)
- Italy (0.8K tons)
Exports of Iron and Non-Alloy Steel in Ingot in the Czech Republic
For the third year in a row, the Czech Republic recorded decline in shipments abroad of iron and non-alloy steel in ingots, which decreased by -15.8% to 283 tons in 2022. Over the period under review, exports continue to indicate a precipitous curtailment.
In value terms, exports of iron and non-alloy steel in ingots surged to $1.1M in 2022. In general, exports recorded a precipitous contraction.
| Export of Iron and Non-Alloy Steel in Ingot in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 255 | 411 | 574 | 712 | 40.8% |
| Luxembourg | N/A | N/A | N/A | 145 | 0% |
| Poland | 319 | 10.5 | 35.0 | 115 | -28.8% |
| Romania | 105 | 3.3 | 6.9 | 41.7 | -26.5% |
| Spain | 845 | 792 | N/A | 32.8 | -66.1% |
| Denmark | N/A | N/A | 13.1 | 27.8 | 112.2% |
| Hungary | 118 | N/A | 142 | 8.9 | -57.7% |
| Italy | 970 | 406 | N/A | N/A | -58.1% |
| Others | 201 | 51.3 | 119 | 53.4 | -35.7% |
| Total | 2,811 | 1,674 | 890 | 1,138 | -26.0% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from the Czech Republic in 2022:
- Germany (142.2 tons)
- Luxembourg (70.4 tons)
- Poland (41.2 tons)
- Romania (27.6 tons)
- Spain (14.2 tons)
- Denmark (4.7 tons)
- Hungary (2.2 tons)
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