Price for Powders of Pig Iron in China - 2023
Contents:
- Price for Powders of Pig Iron in China (CIF) - 2023
- Price for Powders of Pig Iron in China (FOB) - 2022
- Imports of Powders of Pig Iron in China
- Exports of Powders of Pig Iron in China
Price for Powders of Pig Iron in China (CIF) - 2023
The average powders of pig iron import price stood at $1,828 per ton in June 2023, falling by -13.7% against the previous month. Over the period under review, the import price recorded a slight reduction. The pace of growth was the most pronounced in March 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices reached the maximum at $2,345 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($5,044 per ton), while the price for Canada ($1,028 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 the United States (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Powders of Pig Iron in China (FOB) - 2022
In 2022, the average powders of pig iron export price amounted to $1,565 per ton, leveling off at the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powders of pig iron export price increased by +58.0% against 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
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 the United States ($5,049 per ton), while the average price for exports to Australia ($924 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 Germany (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powders of Pig Iron in China
In 2022, purchases abroad of powders of pig ira decreased by -22% to 50K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a mild decline. The growth pace was the most rapid in 2021 with an increase of 12%. As a result, imports reached the peak of 64K tons, and then fell remarkably in the following year.
In value terms, powders of pig iron imports contracted to $98M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of $112M, and then reduced in the following year.
| Import of Powders of Pig Iron in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 18.0 | 24.1 | 35.1 | 29.8 | 18.3% |
| Japan | 26.7 | 27.6 | 32.3 | 28.1 | 1.7% |
| Canada | 9.5 | 9.0 | 9.3 | 11.7 | 7.2% |
| Germany | 11.6 | 13.7 | 11.3 | 9.9 | -5.1% |
| United States | 5.5 | 5.9 | 10.3 | 8.2 | 14.2% |
| South Korea | 7.7 | 6.8 | 9.0 | 6.3 | -6.5% |
| Thailand | 1.5 | 1.4 | 1.0 | 0.6 | -26.3% |
| Others | 11.4 | 3.7 | 4.1 | 3.2 | -34.5% |
| Total | 91.8 | 92.1 | 112 | 97.7 | 2.1% |
Top Suppliers of Powders of Pig Iron to China in 2022:
- Sweden (23.9K tons)
- Canada (10.2K tons)
- Japan (8.6K tons)
- South Korea (3.2K tons)
- United States (2.6K tons)
- Germany (0.7K tons)
- Thailand (0.6K tons)
Exports of Powders of Pig Iron in China
In 2022, approx. 36K tons of powders of pig ira were exported from China; picking up by 17% against 2021 figures. Over the period under review, exports, however, saw a noticeable curtailment.
In value terms, powders of pig iron exports soared to $56M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Powders of Pig Iron in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 6.0 | 5.8 | 10.9 | 9.5 | 16.6% |
| United States | 3.3 | 1.8 | 3.6 | 7.8 | 33.2% |
| South Korea | 10.8 | 5.3 | 6.7 | 6.0 | -17.8% |
| India | 3.1 | 3.0 | 5.1 | 5.5 | 21.1% |
| Indonesia | 2.3 | 2.0 | 5.2 | 5.1 | 30.4% |
| Germany | 0.8 | 1.3 | 2.5 | 2.9 | 53.6% |
| Japan | 5.2 | 3.4 | 2.5 | 2.7 | -19.6% |
| Vietnam | 1.6 | 1.9 | 2.3 | 2.4 | 14.5% |
| Philippines | 0.7 | 1.5 | 2.3 | 2.3 | 48.7% |
| Russia | 0.3 | 0.2 | 1.4 | 1.8 | 81.7% |
| Netherlands | 0.5 | 0.2 | 0.5 | 1.3 | 37.5% |
| Thailand | 1.0 | 1.1 | 1.4 | 1.3 | 9.1% |
| Australia | 0.2 | 0.1 | 0.4 | 0.9 | 65.1% |
| Others | 4.8 | 2.9 | 3.3 | 6.9 | 12.9% |
| Total | 40.6 | 30.5 | 47.8 | 56.4 | 11.6% |
Top Export Markets for Powders of Pig Iron from China in 2022:
- Taiwan (Chinese) (6.9K tons)
- South Korea (5.3K tons)
- Indonesia (4.4K tons)
- Japan (2.2K tons)
- Vietnam (1.7K tons)
- India (1.6K tons)
- United States (1.5K tons)
- Thailand (1.2K tons)
- Philippines (1.1K tons)
- Netherlands (1.1K tons)
- Australia (0.9K tons)
- Russia (0.9K tons)
- Germany (0.8K tons)
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This report provides an in-depth analysis of the pig iron articles market in China.
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This report provides an in-depth analysis of the global pig iron articles market.
578
This report provides an in-depth analysis of the pig iron articles market in China.
560
This report provides an in-depth analysis of the global pig iron articles market.
1675
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel imports totaled $X in 2016. Overall, granules and powders of pig iron, spiegeleisen, iron and steel imports continue t...
1013
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel exports stood at $X in 2016. In general, granules and powders of pig iron, spiegeleisen, iron and steel exports contin...
1675
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel imports totaled $X in 2016. Overall, granules and powders of pig iron, spiegeleisen, iron and steel imports continue t...
1013
In value terms, granules and powders of pig iron, spiegeleisen, iron and steel exports stood at $X in 2016. In general, granules and powders of pig iron, spiegeleisen, iron and steel exports contin...
