Price for Powders of Pig Iron in Hungary - 2023

Contents:

  1. Price for Powders of Pig Iron in Hungary (CIF) - 2023
  2. Price for Powders of Pig Iron in Hungary (FOB) - 2022
  3. Imports of Powders of Pig Iron in Hungary
  4. Exports of Powders of Pig Iron in Hungary

Price for Powders of Pig Iron in Hungary (CIF) - 2023

In May 2023, the average powders of pig iron import price amounted to $1,331 per ton, falling by -75.2% against the previous month. Over the period under review, the import price saw a mild descent. The growth pace was the most rapid in April 2023 an increase of 224% against the previous month. As a result, import price attained the peak level of $5,356 per ton, and then dropped sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,728 per ton), while the price for Slovakia ($512 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average powders of pig iron export price stood at $1,204 per ton in 2022, shrinking by -42.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 477%. Over the period under review, the average export prices hit record highs at $6,210 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($8,781 per ton), while the average price for exports to Croatia ($1,181 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 Romania (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powders of Pig Iron in Hungary

In 2022, powders of pig iron imports into Hungary shrank markedly to 2.2K tons, which is down by -30.6% compared with 2021 figures. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of 3.1K tons, and then contracted significantly in the following year.

In value terms, powders of pig iron imports reduced to $3.5M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of $4M, and then fell in the following year.

Import of Powders of Pig Iron in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden1,1231,1111,8311,2974.9%
Italy1,3931,0111,1931,000-10.5%
Germany593468360392-12.9%
Russia12220331332939.2%
Romania64.326318516637.2%
Slovenia11292.71201469.2%
Czech Republic4.56.413.360.5137.8%
Others44.127028.996.529.8%
Total3,4553,4264,0453,4870.3%

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

  1. Sweden (966.2 tons)
  2. Italy (758.5 tons)
  3. Germany (132.0 tons)
  4. Slovenia (99.3 tons)
  5. Romania (82.0 tons)
  6. Czech Republic (76.1 tons)
  7. Russia (37.6 tons)

Exports of Powders of Pig Iron in Hungary

Powders of pig iron exports from Hungary was estimated at 14 tons in 2022, growing by 5.1% on the previous year's figure. In general, exports, however, saw a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 346% against the previous year.

In value terms, powders of pig iron exports fell remarkably to $17K in 2022. Overall, exports, however, recorded a precipitous decrease. The growth pace was the most rapid in 2021 when exports increased by 391%.

Export of Powders of Pig Iron in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
CroatiaN/AN/AN/A9.40%
SlovakiaN/AN/A18.37.3-60.1%
Italy84.05.2N/AN/A-93.8%
Others0.70.59.90.3-24.6%
Total84.75.728.116.9-41.6%

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

  1. Croatia (8.0 tons)
  2. Slovakia (6.1 tons)

Source: IndexBox Market Intelligence Platform

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