Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $3,017 per ton, with an increase of 25% against the previous year. In general, the import price, however, showed a noticeable curtailment. The import price peaked at $4,979 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($3,079 per ton) and the UK ($3,010 per ton), while the price for China ($2,880 per ton) and the United States ($2,964 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $15,463 per ton in 2022, picking up by 20% against the previous year. Overall, the export price showed a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 235% against the previous year. The export price peaked at $50,449 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($16,458 per ton), while the average price for exports to the UK ($15,206 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+165.8%), 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 Ireland
For the fourth year in a row, Ireland recorded growth in purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which increased by 74% to 21 tons in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s surged to $65K in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained 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 Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 27.2 | 28.4 | 29.7 | 50.3 | 22.7% |
| Germany | N/A | N/A | N/A | 10.5 | 0% |
| United States | N/A | N/A | N/A | 1.9 | 0% |
| China | 1.6 | 0.1 | N/A | 1.5 | -2.1% |
| Others | 1.0 | N/A | N/A | 0.4 | -26.3% |
| Total | 29.8 | 28.5 | 29.7 | 64.6 | 29.4% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Ireland in 2022:
- United Kingdom (16.7 tons)
- Germany (3.4 tons)
- United States (0.6 tons)
- China (0.5 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s exported from Ireland shrank notably to 602 kg, which is down by -69.8% compared with the year before. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 306% against the previous year. As a result, the exports reached the peak of 2 tons, and then declined notably in the following year.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s shrank rapidly to $9.3K in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 794%. As a result, the exports reached the peak of $26K, and then fell notably in the following year.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 2.9 | N/A | 5.6 | 39.0% |
| United States | N/A | N/A | 5.8 | 2.3 | -60.3% |
| Malaysia | N/A | N/A | N/A | 1.4 | 0% |
| Canada | N/A | N/A | 18.6 | N/A | 0% |
| Turkey | 11.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.2 | 0.1 | -91.7% |
| Total | 11.5 | 2.9 | 25.6 | 9.3 | -6.8% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Ireland in 2022:
- United Kingdom (369.0 kg)
- United States (142.0 kg)
- Malaysia (83.0 kg)
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