Price for Powders of Pig Iron in Sweden - 2023

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

In June 2023, the average powders of pig iron export price amounted to $1,609 per ton, waning by -2.9% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 7.9% against the previous month. Over the period under review, the average export prices hit record highs at $1,725 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,211 per ton), while the average price for exports to South Korea ($1,332 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average powders of pig iron import price stood at $2,272 per ton in 2022, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 an increase of 39%. Over the period under review, average import prices reached the peak figure at $2,954 per ton in 2015; however, from 2016 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 France ($4,313 per ton), while the price for the United States ($1,540 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Powders of Pig Iron in Sweden

Powders of pig iron exports from Sweden contracted sharply to 215K tons in 2022, reducing by -17.1% against 2021. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of 259K tons, and then shrank notably in the following year.

In value terms, powders of pig iron exports shrank to $361M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. As a result, the exports attained the peak of $398M, and then dropped in the following year.

Export of Powders of Pig Iron in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	47.4	58.4	80.6	57.1	6.4%
Japan	41.4	33.6	52.6	48.8	5.6%
South Korea	34.5	34.1	45.8	45.7	9.8%
Germany	30.6	24.7	35.6	32.4	1.9%
United States	21.9	19.1	25.5	28.4	9.0%
Italy	18.7	18.1	23.9	26.7	12.6%
Spain	18.4	16.5	21.3	23.1	7.9%
Thailand	13.7	9.9	15.1	12.2	-3.8%
Taiwan (Chinese)	12.5	10.5	20.9	11.9	-1.6%
Slovakia	6.4	6.5	8.9	10.1	16.4%
Austria	6.9	6.2	7.0	9.8	12.4%
India	4.3	4.3	7.2	9.3	29.3%
Belgium	4.7	3.3	4.4	5.1	2.8%
Others	42.6	32.2	49.1	40.3	-1.8%
Total	304	277	398	361	5.9%

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

China (31.4K tons)
South Korea (27.6K tons)
Japan (27.2K tons)
United States (21.8K tons)
Germany (16.5K tons)
Italy (15.8K tons)
Spain (14.5K tons)
Austria (6.6K tons)
Thailand (6.5K tons)
India (6.1K tons)
Slovakia (5.8K tons)
Taiwan (Chinese) (5.7K tons)
Belgium (4.2K tons)

Imports of Powders of Pig Iron in Sweden

After three years of growth, overseas purchases of powders of pig ira decreased by -50.6% to 2.4K tons in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 253% against the previous year. As a result, imports reached the peak of 4.8K tons, and then dropped rapidly in the following year.

In value terms, powders of pig iron imports contracted remarkably to $5.3M in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 177%. As a result, imports reached the peak of $9.8M, and then shrank dramatically in the following year.

Import of Powders of Pig Iron in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.8	1.4	6.8	2.3	42.2%
Germany	1.6	1.3	1.7	2.0	7.7%
Italy	0.5	0.4	0.5	0.4	-7.2%
France	0.3	0.2	0.4	0.2	-12.6%
India	0.1	0.1	0.1	N/A	0.0%
Others	0.4	0.3	0.3	0.6	14.5%
Total	3.7	3.5	9.8	5.3	12.7%