Price for Iron or Steel; Cast Articles in the Czech Republic - 2023

Price for Iron or Steel; Cast Articles in the Czech Republic (FOB) - 2023

The average export price for iron or steel; cast articleses stood at $2,683 per ton in June 2023, surging by 5.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 9.8% month-to-month. The export price peaked at $2,698 per ton in January 2023; afterwards, it flattened through to June 2023.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Hungary ($3,047 per ton), while the average price for exports to Poland ($1,215 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 Slovakia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in the Czech Republic (CIF) - 2023

The average import price for iron or steel; cast articleses stood at $2,676 per ton in June 2023, surging by 4.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 15% month-to-month. As a result, import price reached the peak level of $2,849 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,788 per ton), while the price for Austria ($1,204 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 France (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Steel; Cast Articles in the Czech Republic

In 2022, exports of iron or steel; cast articleses from the Czech Republic expanded sharply to 214K tons, increasing by 15% compared with 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles exports surged to $517M in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Iron or Steel; Cast Articles in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	192	172	216	264	11.2%
Slovakia	55.7	42.9	50.5	60.5	2.8%
Italy	27.7	23.5	31.8	42.0	14.9%
Netherlands	30.3	19.2	30.5	39.2	9.0%
Austria	20.3	17.5	22.7	29.9	13.8%
Poland	15.5	12.8	17.4	22.8	13.7%
Switzerland	12.4	10.2	14.5	16.2	9.3%
Sweden	8.8	12.4	4.5	5.8	-13.0%
Others	60.1	62.1	61.6	36.3	-15.5%
Total	423	373	449	517	6.9%

Top Export Markets for Iron or Steel; Cast Articles from the Czech Republic in 2022:

Germany (103.8K tons)
Slovakia (30.2K tons)
Poland (16.3K tons)
Italy (16.0K tons)
Austria (13.3K tons)
Switzerland (8.0K tons)
Netherlands (3.7K tons)
Sweden (1.4K tons)

Imports of Iron or Steel; Cast Articles in the Czech Republic

In 2022, approx. 86K tons of iron or steel; cast articleses were imported into the Czech Republic; increasing by 1.6% against the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 12%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, iron or steel; cast articles imports reduced to $211M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of $211M, leveling off in the following year.

Import of Iron or Steel; Cast Articles in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	83.7	83.0	108	110	9.5%
China	10.7	10.9	18.5	23.9	30.7%
Poland	11.5	11.0	13.7	19.0	18.2%
Netherlands	14.8	8.7	16.3	17.3	5.3%
Slovakia	10.5	11.0	14.2	15.2	13.1%
France	4.5	3.5	4.9	6.8	14.8%
Austria	5.7	5.3	5.9	5.1	-3.6%
United Kingdom	7.3	7.4	1.0	0.6	-56.5%
Portugal	4.3	4.0	3.4	0.5	-51.2%
Others	24.9	21.3	25.3	12.7	-20.1%
Total	178	166	211	211	5.8%