Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,043 per ton, with an increase of 7.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 25%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($1,356 per ton), while the price for France ($527 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.8%), 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 Spain (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $3,919 per ton, surging by 31% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($10,005 per ton), while the average price for exports to Portugal ($1,226 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 Belgium (+44.1%), 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 Spain
For the third year in a row, Spain recorded decline in purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -0.2% to 18K tons in 2022. Overall, imports showed a deep reduction.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s reached $19M in 2022. In general, imports saw a abrupt shrinkage.
Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 11.3 | 11.5 | 17.5 | 16.5 | 13.4% |
Austria | 1.0 | 0.2 | 0.1 | 1.1 | 3.2% |
France | 0.7 | 0.5 | 0.1 | 0.6 | -5.0% |
Czech Republic | 3.5 | 4.8 | N/A | 0.3 | -55.9% |
Germany | 5.4 | 0.2 | N/A | 0.3 | -61.8% |
Others | 1.9 | 0.4 | 0.1 | 0.3 | -46.0% |
Total | 23.8 | 17.6 | 17.7 | 19.0 | -7.2% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Spain in 2022:
- Italy (15.2K tons)
- Austria (1.3K tons)
- France (1.1K tons)
- Czech Republic (0.2K tons)
- Germany (0.2K tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain
For the third year in a row, Spain recorded decline in shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -85.5% to 10 tons in 2022. Over the period under review, exports faced a dramatic slump. The smallest decline of -12.4% was in 2020.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted sharply to $40K in 2022. In general, exports showed a precipitous setback. The smallest decline of -6.7% was in 2020.
Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Spain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 1.7 | 0.2 | 99.5 | 17.0 | 115.4% |
Morocco | N/A | N/A | 36.6 | 14.7 | -59.8% |
Portugal | 80.8 | 14.2 | 10.3 | 8.4 | -53.0% |
Belgium | 130 | N/A | N/A | N/A | 0% |
Germany | 2,871 | 2,901 | N/A | N/A | 1.0% |
Others | 72.9 | 29.2 | 65.4 | N/A | -5.3% |
Total | 3,157 | 2,945 | 212 | 40.2 | -76.6% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Spain in 2022:
- Portugal (6.9 tons)
- Morocco (1.7 tons)
- France (1.7 tons)
This report provides an in-depth analysis of the non-alloy steel ingot market in Spain.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Spain.
This report provides an in-depth analysis of the iron and steel market in Spain.
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This report provides an in-depth analysis of the non-alloy steel ingot market in Spain.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Spain.
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