Price for Powders of Pig Iron in Austria - 2023

Contents:

1. Price for Powders of Pig Iron in Austria (CIF) - 2023
2. Price for Powders of Pig Iron in Austria (FOB) - 2023
3. Imports of Powders of Pig Iron in Austria
4. Exports of Powders of Pig Iron in Austria

Price for Powders of Pig Iron in Austria (CIF) - 2023

In June 2023, the average powders of pig iron import price amounted to $1,953 per ton, rising by 5.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 11% against the previous month. Over the period under review, average import prices hit record highs at $2,188 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($3,870 per ton), while the price for the Czech Republic ($1,076 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Austria (FOB) - 2023

In June 2023, the average powders of pig iron export price amounted to $2,037 per ton, falling by -2.9% against the previous month. Over the period under review, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in August 2022 an increase of 231% m-o-m. As a result, the export price attained the peak level of $4,853 per ton. From September 2022 to June 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Germany ($3,276 per ton), while the average price for exports to Italy ($744 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powders of Pig Iron in Austria

In 2022, powders of pig iron imports into Austria dropped to 18K tons, approximately mirroring 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.2%. As a result, imports reached the peak of 18K tons, leveling off in the following year.

In value terms, powders of pig iron imports expanded notably to $34M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Powders of Pig Iron to Austria in 2022:

1. Sweden (14.7K tons)
2. Romania (0.7K tons)
3. Germany (0.7K tons)
4. Bosnia and Herzegovina (0.7K tons)
5. Czech Republic (0.6K tons)

Exports of Powders of Pig Iron in Austria

In 2022, the amount of powders of pig ira exported from Austria dropped markedly to 3.5K tons, which is down by -50.3% compared with the previous year's figure. Overall, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of 7.1K tons, and then fell dramatically in the following year.

In value terms, powders of pig iron exports declined to $5.7M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of $5.8M, and then reduced in the following year.

Top Export Markets for Powders of Pig Iron from Austria in 2022:

1. Italy (1725.2 tons)
2. Germany (818.0 tons)
3. Slovenia (429.2 tons)
4. Slovakia (288.6 tons)
5. Croatia (180.8 tons)

Source: IndexBox Market Intelligence Platform