Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $4,349 per ton in 2022, falling by -12.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $4,982 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,925 per ton), while the price for Turkey ($3,400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $270,667 per ton in 2022, growing by 6,925% against the previous year. In general, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($405,500 per ton), while the average price for exports to the United Arab Emirates amounted to $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+32.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan
Imports of iron or steel; non-threaded cotters and cotter-pinses into Pakistan declined significantly to 29 tons in 2022, with a decrease of -51.2% compared with the year before. Over the period under review, imports, however, saw a mild increase. The pace of growth appeared the most rapid in 2021 with an increase of 178% against the previous year. As a result, imports attained the peak of 60 tons, and then contracted sharply in the following year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses reduced remarkably to $127K in 2022. In general, imports, however, posted a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 201% against the previous year. As a result, imports attained the peak of $299K, and then dropped remarkably in the following year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.5 | 25.8 | 52.9 | 43.7 | 28.7% |
| United States | 28.2 | 22.4 | 64.3 | 42.4 | 14.6% |
| Germany | 12.8 | 6.7 | 24.6 | 9.1 | -10.7% |
| Belgium | 2.5 | 0.9 | 2.6 | 6.7 | 38.9% |
| Japan | 0.9 | 3.5 | 20.9 | 4.5 | 71.0% |
| Italy | 1.1 | 0.2 | 11.3 | 4.0 | 53.8% |
| Turkey | N/A | 0.4 | 4.8 | 3.2 | 182.8% |
| United Arab Emirates | 34.9 | 30.9 | 79.1 | 0.1 | -85.8% |
| Others | 13.7 | 8.6 | 38.4 | 13.7 | 0.0% |
| Total | 114 | 99.4 | 299 | 127 | 3.7% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Pakistan in 2022:
- China (11.9 tons)
- United States (8.0 tons)
- Belgium (1.9 tons)
- Germany (1.5 tons)
- Japan (1.1 tons)
- Turkey (0.9 tons)
- Italy (0.9 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan
In 2022, approx. 3 kg of iron or steel; non-threaded cotters and cotter-pinses were exported from Pakistan; falling by -99.8% on 2021. Overall, exports faced a dramatic shrinkage. The smallest decline of -53.5% was in 2020.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses fell significantly to $812 in 2022. Over the period under review, exports recorded a significant contraction. The smallest decline of -31% was in 2020.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 0.8 | 0% |
| Japan | 4.5 | N/A | N/A | N/A | 0% |
| China | 2.7 | 10.0 | N/A | N/A | 270.4% |
| Sweden | N/A | N/A | 1.6 | N/A | 0% |
| United Arab Emirates | 0.2 | 0.4 | 1.7 | N/A | 191.5% |
| Singapore | 5.5 | 0.2 | N/A | N/A | -96.4% |
| Angola | 2.4 | N/A | N/A | N/A | 0% |
| Others | 2.1 | 1.4 | 1.3 | N/A | -21.3% |
| Total | 17.4 | 12.0 | 4.6 | 0.8 | -64.2% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Pakistan in 2022:
- Turkey (2.0 kg)
- United Arab Emirates (1.0 kg)
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