Price for Iron or Steel; Cast Articles in Portugal - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Portugal (CIF) - 2023
- Price for Iron or Steel; Cast Articles in Portugal (FOB) - 2023
- Imports of Iron or Steel; Cast Articles in Portugal
- Exports of Iron or Steel; Cast Articles in Portugal
Price for Iron or Steel; Cast Articles in Portugal (CIF) - 2023
The average import price for iron or steel; cast articleses stood at $2,000 per ton in June 2023, increasing by 27% against the previous month. In general, import price indicated a slight increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, iron or steel; cast articles import price decreased by -42.6% against April 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 109% m-o-m. As a result, import price attained the peak level of $3,487 per ton. From May 2023 to June 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 Italy ($4,478 per ton), while the price for Turkey ($1,638 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 Spain (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Portugal (FOB) - 2023
In June 2023, the average export price for iron or steel; cast articleses amounted to $2,262 per ton, reducing by -11.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 30% against the previous month. Over the period under review, the average export prices attained the peak figure at $3,178 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($6,356 per ton), while the average price for exports to Angola ($1,985 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 Italy (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Portugal
Iron or steel; cast articles imports into Portugal expanded notably to 22K tons in 2022, rising by 8.6% against 2021 figures. Overall, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 8.9%.
In value terms, iron or steel; cast articles imports rose sharply to $43M in 2022. Over the period under review, imports, however, saw a slight descent. The pace of growth appeared the most rapid in 2021 with an increase of 22%.
| Import of Iron or Steel; Cast Articles in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 27.6 | 16.9 | 19.0 | 18.3 | -12.8% |
| India | 3.2 | 2.4 | 2.9 | 7.1 | 30.4% |
| Italy | 4.2 | 4.2 | 5.3 | 5.7 | 10.7% |
| France | 2.7 | 2.2 | 3.5 | 3.6 | 10.1% |
| China | 3.2 | 2.7 | 2.2 | 2.9 | -3.2% |
| Turkey | 0.6 | 0.6 | 1.1 | 1.5 | 35.7% |
| Others | 3.7 | 3.1 | 5.1 | 4.1 | 3.5% |
| Total | 45.1 | 32.2 | 39.2 | 43.1 | -1.5% |
Top Suppliers of Iron or Steel; Cast Articles to Portugal in 2022:
- Spain (11.3K tons)
- India (2.3K tons)
- Italy (1.8K tons)
- China (1.7K tons)
- France (1.6K tons)
- Turkey (0.8K tons)
Exports of Iron or Steel; Cast Articles in Portugal
In 2022, approx. 18K tons of iron or steel; cast articleses were exported from Portugal; with an increase of 8.9% compared with the previous year. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 85%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, iron or steel; cast articles exports amounted to $40M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Iron or Steel; Cast Articles in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.0 | 9.1 | 19.1 | 12.9 | 22.6% |
| Romania | N/A | N/A | N/A | 9.2 | 0% |
| Spain | 4.0 | 2.3 | 4.0 | 5.2 | 9.1% |
| Netherlands | 1.8 | 0.9 | 4.5 | 3.2 | 21.1% |
| Germany | 1.9 | 2.4 | 2.7 | 2.8 | 13.8% |
| Italy | 0.8 | 1.1 | 2.2 | 2.8 | 51.8% |
| Angola | 1.1 | 1.3 | 1.1 | 1.3 | 5.7% |
| Belgium | 0.1 | 0.5 | 1.3 | 0.7 | 91.3% |
| Others | 3.7 | 4.0 | 3.1 | 1.4 | -27.7% |
| Total | 20.3 | 21.5 | 37.9 | 39.5 | 24.8% |
Top Export Markets for Iron or Steel; Cast Articles from Portugal in 2022:
- France (7.3K tons)
- Spain (2.6K tons)
- Netherlands (1.8K tons)
- Italy (1.8K tons)
- Romania (1.7K tons)
- Germany (0.7K tons)
- Angola (0.4K tons)
- Belgium (0.4K tons)
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