Cyprus: Pig Iron Market 2020

Pig Iron Market Size in Cyprus

The revenue of the pig iron market in Cyprus amounted to $X in 2018, falling by -X% against the previous year. Overall, pig iron consumption continues to indicate a temperate decrease. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Over the period under review, the pig iron market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Pig Iron Production in Cyprus

In value terms, pig iron production stood at $X in 2018 estimated in export prices. Over the period under review, pig iron production continues to indicate an abrupt decrease. The pace of growth was the most pronounced in 2016 when production volume increased by X% against the previous year. Cyprus pig iron production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Pig Iron Exports

Exports from Cyprus

In 2018, the exports of pig iron and spiegeleisen from Cyprus stood at X tons, increasing by X% against the previous year. Over the period under review, pig iron exports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. In that year, pig iron exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, pig iron exports totaled $X in 2018. In general, pig iron exports continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, pig iron exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Russia represented the major exporting country with an export of about X tons, which finished at X% of total exports. Ukraine (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%) and India (X%). South Africa (X tons), China (X tons) and Germany (X tons) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Cyprus (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest pig iron supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Russia amounted to +X%. In the other countries, the average annual rates were as follows: Ukraine (+X% per year) and Brazil (-X% per year).

Export Prices by Country

The pig iron export price in Cyprus stood at $X per ton in 2018, increasing by X% against the previous year. In general, the pig iron export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. Cyprus export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in South Africa ($X per ton) and Russia ($X per ton), while China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Pig Iron Imports

Imports into Cyprus

In 2018, the pig iron imports into Cyprus amounted to X kg, falling by -X% against the previous year. In general, pig iron imports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. In that year, pig iron imports attained their peak of X tons. From 2011 to 2018, the growth of pig iron imports remained at a lower figure.

In value terms, pig iron imports amounted to $X in 2018. In general, pig iron imports continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, pig iron imports attained their peak of $X. From 2011 to 2018, the growth of pig iron imports failed to regain its momentum.

Imports by Country

In 2018, the U.S. (X tons) represented the major importer of pig iron and spiegeleisen, achieving X% of total imports. Italy (X tons) ranks second in terms of the total imports with a X% share, followed by Turkey (X%). The following importers - Germany (X tons), Mexico (X tons), Taiwan, Chinese (X tons), Thailand (X tons), Spain (X tons), the Netherlands (X tons), Poland (X tons) and Belgium (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to pig iron imports into the U.S. stood at +X%. At the same time, Mexico (+X%), the Netherlands (+X%), Turkey (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Italy (-X%), Germany (-X%), Spain (-X%), Belgium (-X%), Taiwan, Chinese (-X%) and Thailand (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Turkey (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global imports, while Belgium, Spain, Taiwan, Chinese, Thailand and Italy saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pig iron and spiegeleisen into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2018, the pig iron import price in Cyprus amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the pig iron import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when the import price increased by X% year-to-year. In that year, the import prices for pig iron and spiegeleisen attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform