Price for Powders of Pig Iron in Slovakia - 2023

Contents:

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

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

The average powders of pig iron import price stood at $1,683 per ton in 2022, surging by 6.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 55% against the previous year. Over the period under review, average import prices reached the peak figure at $2,152 per ton in 2014; however, from 2015 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 Austria ($1,910 per ton), while the price for Ukraine ($1,094 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Slovakia (FOB) - 2023

The average powders of pig iron export price stood at $7,449 per ton in May 2023, growing by 65% against the previous month. Overall, the export price continues to indicate significant growth. The growth pace was the most rapid in January 2023 an increase of 1,398% against the previous month. Over the period under review, the average export prices hit record highs in May 2023.

As there is only one major export destination, the average price level is determined by prices for Poland.

From July 2022 to May 2023, the rate of growth in terms of prices for Poland amounted to +39.7% per month.

Imports of Powders of Pig Iron in Slovakia

In 2022, approx. 9.7K tons of powders of pig ira were imported into Slovakia; rising by 17% compared with 2021 figures. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, powders of pig iron imports soared to $16M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

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

1. Sweden (5.5K tons)
2. Italy (2.3K tons)
3. Romania (1.0K tons)
4. Austria (0.3K tons)
5. Ukraine (0.2K tons)
6. Germany (0.2K tons)

Exports of Powders of Pig Iron in Slovakia

In 2022, approx. 94 tons of powders of pig ira were exported from Slovakia; increasing by 42% on 2021 figures. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, powders of pig iron exports rose slightly to $80K in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 436% against the previous year. As a result, the exports attained the peak of $192K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Poland (59.4 tons)
2. Sweden (31.9 tons)
3. Austria (3.2 tons)

Source: IndexBox Market Intelligence Platform