Price for Iron or Steel; Cast Articles in Austria - 2023

Price for Iron or Steel; Cast Articles in Austria (CIF) - 2023

The average import price for iron or steel; cast articleses stood at $2,967 per ton in June 2023, increasing by 8.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 13% month-to-month. The import price peaked in June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($5,279 per ton), while the price for India ($1,779 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Austria (FOB) - 2023

In June 2023, the average export price for iron or steel; cast articleses amounted to $3,431 per ton, surging by 5.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 18% m-o-m. As a result, the export price attained the peak level of $3,815 per ton. From May 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Switzerland ($6,274 per ton), while the average price for exports to the Czech Republic ($1,515 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Austria

In 2022, iron or steel; cast articles imports into Austria rose rapidly to 92K tons, with an increase of 14% against 2021 figures. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, iron or steel; cast articles imports surged to $224M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Import of Iron or Steel; Cast Articles in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	56.3	49.0	67.0	93.7	18.5%
China	22.4	13.5	29.1	39.3	20.6%
Czech Republic	15.6	15.2	21.9	27.7	21.1%
Turkey	9.3	8.0	9.5	12.6	10.7%
Slovenia	8.4	9.4	11.8	11.4	10.7%
Hungary	6.8	4.2	8.8	7.8	4.7%
India	3.7	4.2	3.9	7.5	26.6%
Spain	6.9	4.6	6.0	5.3	-8.4%
South Korea	2.9	3.1	4.0	4.7	17.5%
France	4.7	3.6	4.6	4.5	-1.4%
Poland	6.2	5.3	3.3	4.4	-10.8%
Croatia	0.7	0.9	1.2	2.5	52.9%
Others	19.9	15.9	17.3	2.7	-48.6%
Total	164	137	188	224	11.0%

Top Suppliers of Iron or Steel; Cast Articles to Austria in 2022:

Germany (33.6K tons)
China (18.6K tons)
Czech Republic (13.2K tons)
Turkey (4.4K tons)
Hungary (3.8K tons)
Slovenia (3.1K tons)
India (3.0K tons)
South Korea (1.8K tons)
Croatia (1.6K tons)
Spain (1.5K tons)
Poland (1.3K tons)
France (1.3K tons)

Exports of Iron or Steel; Cast Articles in Austria

In 2022, the amount of iron or steel; cast articleses exported from Austria shrank to 30K tons, declining by -3.9% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.

In value terms, iron or steel; cast articles exports dropped modestly to $97M in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports reached the peak of $97M, leveling off in the following year.

Export of Iron or Steel; Cast Articles in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	49.0	41.2	47.5	51.7	1.8%
Hungary	5.4	4.5	7.5	10.4	24.4%
Czech Republic	6.4	5.8	6.9	7.2	4.0%
Switzerland	4.9	3.3	4.6	6.2	8.2%
Slovenia	4.2	5.0	5.5	4.6	3.1%
Italy	1.9	1.9	2.3	3.2	19.0%
United Kingdom	0.2	0.3	3.1	2.2	122.4%
Poland	3.4	2.3	2.3	2.1	-14.8%
Slovakia	2.7	1.8	1.6	2.0	-9.5%
Croatia	0.7	1.3	1.3	1.8	37.0%
Others	12.5	11.2	14.5	5.5	-23.9%
Total	91.4	78.7	97.3	96.9	2.0%