Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $2,996 per ton in 2022, increasing by 69% against the previous year. In general, the import price posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 133% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,138 per ton), while the price for Germany totaled $2,142 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,897 per ton, with an increase of 8.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 144%. Over the period under review, the average export prices reached the maximum at $1,919 per ton in 2012; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,820 per ton), while the average price for exports to the United States ($1,270 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 (+147.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Belgium surged to 151 tons in 2022, rising by 1,196% against 2021 figures. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,527%. As a result, imports reached the peak of 371 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $451K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.4 | 1.7 | 3.9 | 314 | 407.7% |
| Netherlands | 1.6 | 18.0 | 6.8 | 13.4 | 103.1% |
| United Kingdom | 15.3 | N/A | N/A | 0.6 | -66.0% |
| Turkey | N/A | 273 | N/A | N/A | 0% |
| Others | 3.2 | 2.3 | 9.9 | 123 | 237.5% |
| Total | 22.5 | 295 | 20.6 | 451 | 171.6% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Belgium in 2022:
- Germany (146.6 tons)
- Netherlands (2.6 tons)
- United Kingdom (1.0 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium
In 2022, overseas shipments of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -6.6% to 101 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 9,029%. As a result, the exports attained the peak of 607 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $192K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 7,774% against the previous year. As a result, the exports attained the peak of $437K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.2 | 124 | 119 | 107 | 711.8% |
| Australia | N/A | 23.6 | 31.8 | 66.0 | 67.2% |
| China | N/A | 60.3 | 6.7 | 12.5 | -54.5% |
| United States | N/A | N/A | N/A | 3.1 | 0% |
| Germany | 0.3 | 227 | N/A | N/A | 75566.7% |
| Netherlands | N/A | 0.2 | 28.0 | N/A | 13900.0% |
| Others | 5.1 | 1.4 | 4.9 | 3.7 | -10.1% |
| Total | 5.5 | 437 | 190 | 192 | 226.8% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Belgium in 2022:
- India (54.6 tons)
- Australia (41.3 tons)
- United States (2.5 tons)
- China (1.8 tons)
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