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

Contents:

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

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

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $25,577 per ton, rising by 31% against the previous year. Overall, the import price, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 43%. The import price peaked at $39,216 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($46,846 per ton), while the price for the Netherlands ($10,599 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+105.9%), 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 Ireland (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $18,747 per ton, with a decrease of -2.1% against the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2016 when the average export price increased by 468% against the previous year. Over the period under review, the average export prices reached the peak figure at $87,171 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($46,500 per ton), while the average price for exports to the UK ($13,063 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 Italy (-6.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of safety pins and other pins; of iron or steels into Ireland soared to 20 tons, increasing by 45% against 2021 figures. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels surged to $514K in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (11.8 tons)
2. United Kingdom (3.3 tons)
3. Germany (1.2 tons)
4. United States (0.9 tons)
5. Israel (0.9 tons)
6. India (0.5 tons)
7. Netherlands (0.4 tons)
8. Hong Kong SAR (0.1 tons)

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

For the fourth year in a row, Ireland recorded growth in overseas shipments of safety pins and other pins; of iron or steels, which increased by 100% to 2 tons in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 724% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels soared to $38K in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (1599.0 kg)
2. Germany (189.0 kg)
3. France (54.0 kg)
4. Belgium (51.0 kg)
5. United States (46.0 kg)

Source: IndexBox Market Intelligence Platform