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

Contents:

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

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

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $15,220 per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. The import price peaked at $16,679 per ton in 2016; however, from 2017 to 2022, import prices stood 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 Germany ($25,923 per ton), while the price for China ($9,559 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+13.8%), 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 Italy (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $29,827 per ton in 2022, with an increase of 63% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 115% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Turkey ($92,656 per ton), while the average price for exports to Malta ($2,291 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 Mexico (+51.1%), 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 Italy

In 2022, approx. 65 tons of safety pins and other pins; of iron or steels were imported into Italy; shrinking by -29.7% against 2021 figures. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, imports reached the peak of 92 tons, and then declined significantly in the following year.

In value terms, imports of safety pins and other pins; of iron or steels shrank significantly to $989K in 2022. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of $1.2M, and then fell dramatically in the following year.

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

1. China (37.6 tons)
2. Germany (17.6 tons)
3. Spain (2.7 tons)
4. France (1.6 tons)
5. Turkey (1.3 tons)
6. India (1.1 tons)
7. Austria (0.1 tons)

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

In 2022, exports of safety pins and other pins; of iron or steels from Italy skyrocketed to 18 tons, growing by 41% compared with the year before. Overall, total exports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels skyrocketed to $546K in 2022. Over the period under review, exports showed a significant expansion. 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 Italy in 2022:

1. Egypt (8.6 tons)
2. Malta (1.7 tons)
3. Romania (1.5 tons)
4. Indonesia (1.3 tons)
5. United Kingdom (1.1 tons)
6. Spain (1.1 tons)
7. Germany (0.4 tons)
8. Croatia (0.4 tons)
9. Poland (0.3 tons)
10. France (0.3 tons)
11. Turkey (0.1 tons)

Source: IndexBox Market Intelligence Platform