Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $8,574 per ton, growing by 7.2% against the previous year. Overall, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2021 when the average import price increased by 8%. Over the period under review, average import prices attained the peak figure at $19,863 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($25,069 per ton), while the price for France ($2,848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $34,667 per ton, with an increase of 60% against the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The export price peaked at $51,154 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($103,301 per ton), while the average price for exports to Belgium ($4,439 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 France (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK
In 2022, the amount of iron or steel; non-threaded cotters and cotter-pinses imported into the UK dropped to 1.5K tons, remaining constant against 2021 figures. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses rose markedly to $13M in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 32%.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 2.8 | 3.9 | 4.7 | -5.1% |
| China | 1.2 | 0.6 | 1.3 | 1.7 | 12.3% |
| France | 1.7 | 0.9 | 1.0 | 1.3 | -8.6% |
| India | 0.5 | 0.4 | 0.9 | 1.2 | 33.9% |
| Germany | 2.0 | 1.2 | 0.9 | 0.9 | -23.4% |
| Italy | 0.8 | 0.7 | 1.0 | 0.4 | -20.6% |
| Ireland | 0.1 | 0.2 | 0.5 | 0.2 | 26.0% |
| Netherlands | 0.6 | 0.6 | 0.4 | 0.1 | -45.0% |
| Others | 3.3 | 2.0 | 2.4 | 2.6 | -7.6% |
| Total | 15.7 | 9.4 | 12.4 | 13.1 | -5.9% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to the UK in 2022:
- France (470.7 tons)
- China (307.1 tons)
- India (238.6 tons)
- United States (187.0 tons)
- Germany (85.9 tons)
- Ireland (58.5 tons)
- Italy (45.5 tons)
- Netherlands (20.0 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK
Exports of iron or steel; non-threaded cotters and cotter-pinses from the UK dropped to 359 tons in 2022, with a decrease of -13.3% compared with the previous year's figure. Overall, exports recorded a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of 414 tons, and then shrank in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses skyrocketed to $12M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 258 | 182 | 87.6 | 2,243 | 105.6% |
| United States | 680 | 1,044 | 1,203 | 1,850 | 39.6% |
| France | 733 | 443 | 1,489 | 1,304 | 21.2% |
| Peru | N/A | N/A | N/A | 731 | 0% |
| Saudi Arabia | 277 | 339 | 375 | 705 | 36.5% |
| Germany | 621 | 544 | 706 | 659 | 2.0% |
| Belgium | 370 | 329 | 734 | 510 | 11.3% |
| United Arab Emirates | 727 | 140 | 255 | 394 | -18.5% |
| South Africa | 68.3 | 69.4 | 83.3 | 176 | 37.1% |
| Netherlands | 155 | 109 | 95.9 | 154 | -0.2% |
| Poland | 116 | 106 | 188 | 130 | 3.9% |
| Sweden | 165 | 51.0 | 118 | 89.4 | -18.5% |
| Finland | 3.0 | 4.3 | 137 | 52.7 | 160.0% |
| Others | 4,104 | 4,093 | 3,467 | 3,429 | -5.8% |
| Total | 8,277 | 7,453 | 8,939 | 12,428 | 14.5% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from the UK in 2022:
- Belgium (115.0 tons)
- Singapore (21.7 tons)
- Germany (20.6 tons)
- United States (19.2 tons)
- Peru (15.4 tons)
- France (13.8 tons)
- United Arab Emirates (12.5 tons)
- South Africa (12.0 tons)
- Saudi Arabia (10.8 tons)
- Poland (10.6 tons)
- Finland (7.9 tons)
- Netherlands (7.5 tons)
- Sweden (7.1 tons)
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