Price for Powders of Pig Iron in Turkey - 2023

Contents:

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

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

In July 2023, the average powders of pig iron import price amounted to $1,491 per ton, with a decrease of -6.6% against the previous month. Overall, the import price continues to indicate a mild downturn. The growth pace was the most rapid in March 2023 an increase of 20% month-to-month. The import price peaked at $1,956 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($2,998 per ton), while the price for Canada ($1,091 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average powders of pig iron export price stood at $337 per ton in 2022, with a decrease of -26% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 346%. The export price peaked at $1,618 per ton in 2019; however, from 2020 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 Germany ($740 per ton), while the average price for exports to Georgia amounted to $181 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powders of Pig Iron in Turkey

In 2022, the amount of powders of pig ira imported into Turkey reduced modestly to 11K tons, approximately reflecting the previous year's figure. Over the period under review, imports recorded a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 0.7%.

In value terms, powders of pig iron imports reduced to $16M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports attained the peak of $18M, and then reduced in the following year.

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

1. Sweden (2.9K tons)
2. Romania (1.7K tons)
3. China (1.3K tons)
4. Egypt (1.2K tons)
5. Spain (1.2K tons)
6. Canada (0.7K tons)
7. Bosnia and Herzegovina (0.7K tons)
8. Germany (0.2K tons)

Exports of Powders of Pig Iron in Turkey

For the fourth consecutive year, Turkey recorded growth in shipments abroad of powders of pig ira, which increased by 23% to 514 tons in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 185%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, powders of pig iron exports shrank to $173K in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, the exports attained the peak of $190K, and then reduced in the following year.

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

1. Georgia (470.1 tons)
2. Germany (23.7 tons)
3. Turkmenistan (1.9 tons)
4. Sweden (0.1 tons)

Source: IndexBox Market Intelligence Platform