Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,325 per ton in 2022, picking up by 64% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. Over the period under review, average import prices hit record highs at $55,820 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +50.3% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $2,212 per ton in 2022, with an increase of 394% against the previous year. In general, the export price showed strong growth. Over the period under review, the average export prices attained the peak figure at $6,833 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +5.7% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Brazil skyrocketed to 971 tons in 2022, picking up by 306% on the year before. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 106,106% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s surged to $1.3M in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 98,257%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 193 | 1,286 | 566.3% |
| Others | 6.8 | 0.2 | 0.1 | 0.3 | -64.7% |
| Total | 6.8 | 0.2 | 193 | 1,286 | 474.0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Brazil in 2022:
- Italy (970.5 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil
After three years of growth, shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -93.3% to 14 tons in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 10,811%. As a result, the exports reached the peak of 209 tons, and then dropped rapidly in the following year.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s reduced remarkably to $31K in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 6,586% against the previous year. As a result, the exports reached the peak of $93K, and then reduced remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 10.1 | 30.5 | 202.0% |
| United Arab Emirates | N/A | N/A | 83.1 | N/A | 0% |
| Others | 0.2 | 1.4 | 0.2 | 0.4 | 26.0% |
| Total | 0.2 | 1.4 | 93.5 | 30.9 | 436.6% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Brazil in 2022:
- Germany (13.8 tons)
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