Price for Powders of Pig Iron in Canada - 2023

Contents:

1. Price for Powders of Pig Iron in Canada (FOB) - 2023
2. Price for Powders of Pig Iron in Canada (CIF) - 2022
3. Exports of Powders of Pig Iron in Canada
4. Imports of Powders of Pig Iron in Canada

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

The average powders of pig iron export price stood at $1,697 per ton in June 2023, with an increase of 11% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +0.6% per month.

Price for Powders of Pig Iron in Canada (CIF) - 2022

The average powders of pig iron import price stood at $2,096 per ton in 2022, rising by 90% against the previous year. Overall, the import price posted a significant expansion. The growth pace was the most rapid in 2021 when the average import price increased by 705%. Over the period under review, average import prices hit record highs at $2,862 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($3,093 per ton), while the price for the United States ($1,976 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Powders of Pig Iron in Canada

In 2022, the amount of powders of pig ira exported from Canada shrank to 25K tons, dropping by -4.9% compared with the year before. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year.

In value terms, powders of pig iron exports stood at $38M in 2022. In general, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. United States (24.8K tons)

Imports of Powders of Pig Iron in Canada

In 2022, supplies from abroad of powders of pig ira decreased by -60% to 9.5K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a dramatic setback. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of 148K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, powders of pig iron imports reduced markedly to $20M in 2022. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of $26M, and then declined remarkably in the following year.

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

1. United States (8.4K tons)
2. Sweden (0.7K tons)
3. China (0.3K tons)

Source: IndexBox Market Intelligence Platform