Price for Powders of Pig Iron in Sri Lanka - 2021

Contents:

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

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

The average powders of pig iron import price stood at $1,022 per ton in 2022, waning by -24% against the previous year. In general, the import price recorded a pronounced setback. The growth pace was the most rapid in 2017 an increase of 74% against the previous year. As a result, import price reached the peak level of $3,238 per ton. From 2018 to 2022, the average import prices remained 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 Japan ($2,620 per ton), while the price for the UK ($779 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+2,039.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average powders of pig iron export price stood at $4,482 per ton in 2022, growing by 397% against the previous year. Overall, the export price recorded resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -3.5% per year.

Imports of Powders of Pig Iron in Sri Lanka

In 2022, powders of pig iron imports into Sri Lanka skyrocketed to 72 tons, rising by 118% against 2021. Over the period under review, imports posted resilient growth. 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 soared to $73K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Powders of Pig Iron to Sri Lanka in 2022:

1. United Kingdom (31.3 tons)
2. China (29.6 tons)
3. Japan (6.9 tons)
4. India (2.8 tons)

Exports of Powders of Pig Iron in Sri Lanka

In 2022, approx. 2.1 tons of powders of pig ira were exported from Sri Lanka; shrinking by -60% against 2021. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 437% against the previous year. As a result, the exports reached the peak of 5.4 tons, and then contracted significantly in the following year.

In value terms, powders of pig iron exports soared to $9.6K in 2022. Over the period under review, exports, however, recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. India (2.1 tons)

Source: IndexBox Market Intelligence Platform