Price for Safety Pins and Other Pins; of Iron or Steel in Belgium - 2024

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Belgium (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Belgium (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Belgium
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Belgium

Price for Safety Pins and Other Pins; of Iron or Steel in Belgium (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $3,929 per ton, waning by -25.7% against the previous year. Over the period under review, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. As a result, import price attained the peak level of $7,057 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($32,141 per ton), while the price for Turkey ($1,254 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Belgium (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $12,200 per ton, declining by -10.9% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for safety pins and other pins; of iron or steels decreased by -25.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs at $18,060 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($37,132 per ton), while the average price for exports to Cyprus ($6,524 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 France (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety Pins and Other Pins; of Iron or Steel in Belgium

In 2022, imports of safety pins and other pins; of iron or steels into Belgium surged to 190 tons, with an increase of 39% compared with the previous year. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 510%. As a result, imports reached the peak of 240 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of safety pins and other pins; of iron or steels expanded modestly to $747K in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 669% against the previous year. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Belgium in 2022:

1. Germany (74.7 tons)
2. France (54.0 tons)
3. China (41.3 tons)
4. Netherlands (8.4 tons)
5. South Korea (3.8 tons)
6. Turkey (3.1 tons)
7. United Kingdom (1.1 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Belgium

After three years of growth, overseas shipments of safety pins and other pins; of iron or steels decreased by -30.5% to 31 tons in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 152% against the previous year.

In value terms, exports of safety pins and other pins; of iron or steels fell rapidly to $379K in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 95%.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Belgium in 2022:

1. Germany (12.4 tons)
2. France (7.7 tons)
3. Italy (4.3 tons)
4. Netherlands (2.9 tons)
5. Spain (0.6 tons)
6. Democratic Republic of the Congo (0.5 tons)
7. Cyprus (0.5 tons)
8. United States (0.2 tons)
9. Hungary (0.1 tons)

Source: IndexBox Market Intelligence Platform