Price for Powders of Pig Iron in Saudi Arabia - 2021

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

In 2022, the average powders of pig iron export price amounted to $6,526 per ton, surging by 73% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 251%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($25,460 per ton), while the average price for exports to China ($379 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 Bahrain (+26.2%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Powders of Pig Iron in Saudi Arabia

In 2022, approx. 976 kg of powders of pig ira were exported from Saudi Arabia; shrinking by -45.5% compared with 2021. Over the period under review, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 48%.

In value terms, powders of pig iron exports dropped to $6.4K in 2022. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.

Export of Powders of Pig Iron in Saudi Arabia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bahrain	17.9	3.9	5.2	4.8	-35.5%
Kuwait	11.2	1.1	0.2	1.0	-55.3%
Germany	1.9	0.3	0.4	0.3	-46.0%
China	2.2	0.3	0.3	0.2	-55.0%
United Arab Emirates	1.3	0.2	0.1	0.2	-46.4%
Jordan	N/A	N/A	0.5	N/A	0%
Others	N/A	0.2	N/A	N/A	0%
Total	34.6	6.0	6.8	6.4	-43.0%