Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany (CIF) - 2023
In August 2023, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $630 per ton, dropping by -37.9% against the previous month. In general, the import price showed a pronounced setback. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 45% against the previous month. As a result, import price attained the peak level of $1,438 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($1,358 per ton), while the price for Italy ($521 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.6%), 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 Germany (FOB) - 2023
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,048 per ton in September 2023, which is down by -49.6% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 56% m-o-m. The export price peaked at $2,149 per ton in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Austria ($2,493 per ton), while the average price for exports to Spain stood at $973 per ton.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+111.7%), 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 Germany
In 2022, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Germany shrank remarkably to 11K tons, declining by -22.2% on the previous year. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports attained the peak of 15K tons, and then shrank rapidly in the following year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s shrank to $11M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of $12M, and then declined in the following year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.8 | 2.2 | 8.3 | 4.5 | 17.1% |
| Austria | 4.1 | 2.2 | 1.1 | 3.6 | -4.2% |
| Czech Republic | N/A | 0.3 | 0.9 | 1.9 | 151.7% |
| France | N/A | 0.2 | 0.3 | 0.5 | 58.1% |
| Poland | 0.6 | 0.5 | 1.0 | 0.2 | -30.7% |
| United States | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 1.0 | 0.8 | 0.3 | -20.6% |
| Total | 8.7 | 6.4 | 12.5 | 11.0 | 8.1% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Germany in 2022:
- Italy (5.2K tons)
- Austria (3.0K tons)
- Czech Republic (2.2K tons)
- France (0.6K tons)
- Poland (0.2K tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany
In 2022, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Germany surged to 2.5K tons, rising by 381% against the previous year's figure. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $3M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 23.1 | 75.7 | 28.1 | 1,535 | 305.0% |
| Czech Republic | N/A | N/A | N/A | 540 | 0% |
| Austria | 212 | 58.3 | 521 | 449 | 28.4% |
| Spain | N/A | 272 | N/A | 238 | -6.5% |
| Hungary | N/A | N/A | N/A | 200 | 0% |
| France | 199 | N/A | N/A | N/A | 0% |
| Oman | N/A | 78.4 | 184 | N/A | 134.7% |
| Others | 0.9 | N/A | 3.0 | 43.4 | 264.0% |
| Total | 435 | 484 | 736 | 3,006 | 90.5% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Germany in 2022:
- Italy (1380.5 tons)
- Czech Republic (490.9 tons)
- Spain (243.8 tons)
- Austria (227.2 tons)
- Hungary (168.0 tons)
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