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

Contents:

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

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

The average import price for safety pins and other pins; of iron or steels stood at $6,730 per ton in 2022, reducing by -19.7% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 71%. The import price peaked at $23,494 per ton in 2014; however, from 2015 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 France ($42,822 per ton), while the price for Germany ($2,906 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $27,917 per ton, jumping by 38% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of 120% against the previous year. As a result, the export price reached the peak level of $37,320 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($33,348 per ton), while the average price for exports to the Netherlands ($2,000 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 Germany (+5.2%), 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 Luxembourg

In 2022, overseas purchases of safety pins and other pins; of iron or steels decreased by -2.6% to 4.1 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of 5.9 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 shrank sharply to $28K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 32% against the previous year.

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

1. Germany (3309.0 kg)
2. Italy (331.0 kg)
3. Belgium (194.0 kg)
4. Netherlands (113.0 kg)
5. France (107.0 kg)

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

After three years of growth, overseas shipments of safety pins and other pins; of iron or steels decreased by -40% to 48 kg in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 142%. As a result, the exports reached the peak of 80 kg, and then contracted dramatically in the following year.

In value terms, exports of safety pins and other pins; of iron or steels shrank markedly to $1.3K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 163%. As a result, the exports reached the peak of $1.6K, and then reduced dramatically in the following year.

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

1. Belgium (23.0 kg)
2. France (14.0 kg)
3. United Kingdom (9.0 kg)
4. Netherlands (1.0 kg)
5. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform