Price for Powders of Pig Iron in Egypt - 2023

Contents:

  1. Price for Powders of Pig Iron in Egypt (FOB) - 2022
  2. Price for Powders of Pig Iron in Egypt (CIF) - 2022
  3. Exports of Powders of Pig Iron in Egypt
  4. Imports of Powders of Pig Iron in Egypt

Price for Powders of Pig Iron in Egypt (FOB) - 2022

The average powders of pig iron export price stood at $1,668 per ton in 2022, increasing by 5.3% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +101.3% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 36% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($1,668 per ton) and Germany ($1,668 per ton), while the average price for exports to Italy ($1,668 per ton) and Turkey ($1,668 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Powders of Pig Iron in Egypt (CIF) - 2022

In 2022, the average powders of pig iron import price amounted to $1,653 per ton, dropping by -68.8% against the previous year. Overall, the import price, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 342% against the previous year. Over the period under review, average import prices hit record highs at $5,800 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($27,854 per ton), while the price for India ($1,141 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Powders of Pig Iron in Egypt

In 2022, approx. 15K tons of powders of pig ira were exported from Egypt; surging by 12% against the previous year. Overall, exports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 28%.

In value terms, powders of pig iron exports soared to $24M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +70.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Export of Powders of Pig Iron in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy6.84.97.07.32.4%
Spain4.32.94.05.05.2%
Netherlands0.81.62.03.258.7%
Brazil0.81.01.62.035.7%
United States0.70.71.41.734.4%
Turkey0.40.71.51.451.8%
Mexico0.50.31.01.337.5%
Germany0.80.70.40.6-9.1%
Others1.21.41.91.712.3%
Total16.414.320.624.314.0%

Top Export Markets for Powders of Pig Iron from Egypt in 2022:

  1. Italy (4.4K tons)
  2. Spain (3.0K tons)
  3. Netherlands (1.9K tons)
  4. Brazil (1.2K tons)
  5. United States (1.0K tons)
  6. Turkey (0.9K tons)
  7. Mexico (0.8K tons)
  8. Germany (0.4K tons)

Imports of Powders of Pig Iron in Egypt

In 2022, imports of powders of pig ira into Egypt surged to 714 tons, picking up by 415% compared with the previous year. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, powders of pig iron imports skyrocketed to $1.2M in 2022. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 97%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Import of Powders of Pig Iron in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India27712160.860329.6%
Italy2970.812.7111-28.0%
France29.354.476.880.640.1%
China79.821.954.863.8-7.2%
Others2971755293222.7%
Total9803737341,1806.4%

Top Suppliers of Powders of Pig Iron to Egypt in 2022:

  1. India (528.1 tons)
  2. Italy (80.9 tons)
  3. France (66.5 tons)
  4. China (25.3 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Iron or steel, pig iron, spiegeleisen; powders (excluding alloy steel) - Egypt