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

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Spain (CIF) - 2024
2. Price for Safety Pins and Other Pins; of Iron or Steel in Spain (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Spain
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Spain

Price for Safety Pins and Other Pins; of Iron or Steel in Spain (CIF) - 2024

In March 2024, the average import price for safety pins and other pins; of iron or steels amounted to $8,125 per ton, shrinking by -45.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 270% against the previous month. As a result, import price reached the peak level of $34,229 per ton. From September 2023 to March 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($73,207 per ton), while the price for Germany ($2,491 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by France (+9.9%), 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 Spain (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $12,866 per ton in 2022, declining by -46.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 76% against the previous year. As a result, the export price reached the peak level of $23,960 per ton, and then dropped markedly in the following year.

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 Germany ($30,218 per ton), while the average price for exports to Israel ($3,311 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 Croatia (+26.5%), 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 Spain

Imports of safety pins and other pins; of iron or steels into Spain surged to 79 tons in 2022, picking up by 17% against the previous year. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years.

In value terms, imports of safety pins and other pins; of iron or steels soared to $971K in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. China (60.9 tons)
2. Netherlands (5.5 tons)
3. Taiwan (Chinese) (3.0 tons)
4. Germany (2.7 tons)
5. Turkey (2.1 tons)

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

Exports of safety pins and other pins; of iron or steels from Spain soared to 51 tons in 2022, rising by 77% compared with 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 92%. Over the period under review, the exports of attained the peak figure 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 declined to $654K in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 239% against the previous year. As a result, the exports reached the peak of $689K, and then shrank in the following year.

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

1. Portugal (10.7 tons)
2. France (6.6 tons)
3. United Kingdom (6.4 tons)
4. Italy (5.3 tons)
5. Mexico (3.8 tons)
6. Romania (2.5 tons)
7. Malaysia (2.0 tons)
8. Croatia (1.9 tons)
9. Egypt (1.5 tons)
10. Israel (1.4 tons)
11. Greece (1.1 tons)
12. Germany (0.9 tons)
13. Switzerland (0.9 tons)

Source: IndexBox Market Intelligence Platform