Germany: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Germany

The German pig iron articles market soared to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Pig iron articles consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Pig Iron Articles Production in Germany

In value terms, pig iron articles production skyrocketed to $X in 2023 estimated in export price. In general, production showed a noticeable downturn. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Pig Iron Articles Exports

Exports from Germany

In 2023, pig iron articles exports from Germany declined modestly to X tons, approximately equating the previous year. In general, total exports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, pig iron articles exports declined to $X in 2023. Overall, total exports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then shrank in the following year.

Exports by Country

Italy (X tons), France (X tons) and the UK (X tons) were the main destinations of pig iron articles exports from Germany, with a combined X% share of total exports. Poland, Spain, Austria, the Czech Republic, India, Sweden, the Netherlands, Hungary, Switzerland and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pig iron articles exported from Germany were Italy ($X), France ($X) and Denmark ($X), with a combined X% share of total exports. Spain, the UK, Austria, the Czech Republic, Hungary, Poland, Switzerland, Sweden, the Netherlands and India lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average pig iron articles export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into Germany

In 2023, the amount of granules and powders of pig iron imported into Germany reduced to X tons, falling by X% against the previous year. In general, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, pig iron articles imports shrank significantly to $X in 2023. Overall, imports showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Romania (X tons) and France (X tons) were the main suppliers of pig iron articles imports to Germany, with a combined X% share of total imports. Canada, Japan, Turkey, Italy, Belgium, China, the UK, Poland, the United States and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig iron articles suppliers to Germany were Sweden ($X), Romania ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average pig iron articles import price amounted to $X per ton, falling by X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, pig iron articles import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform