Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic - 2023

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic (FOB) - 2023
2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic (CIF) - 2022
3. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic
4. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic (FOB) - 2023

The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $1,013 per ton in August 2023, dropping by -22.8% against the previous month. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 102% m-o-m. The export price peaked at $2,925 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was Germany ($1,134 per ton), while the average price for exports to Italy stood at $997 per ton.

From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.7%), while the prices for the other major destinations experienced a decline.

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic (CIF) - 2022

In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $2,531 per ton, increasing by 121% against the previous year. In general, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Slovakia ($25,986 per ton), while the price for Italy ($2,152 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+65.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic

In 2022, the amount of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses exported from the Czech Republic totaled 3.6K tons, remaining relatively unchanged against the previous year's figure. In general, exports saw a significant increase. The smallest decline of -88.3% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $5.5M in 2022. Overall, exports posted significant growth. The smallest decline of -87.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from the Czech Republic in 2022:

1. Belgium (948.0 tons)
2. Germany (783.9 tons)
3. Poland (676.9 tons)
4. Spain (547.9 tons)
5. Italy (249.7 tons)
6. Luxembourg (207.4 tons)
7. Slovakia (172.9 tons)

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the Czech Republic

For the third year in a row, the Czech Republic recorded decline in supplies from abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses, which decreased by -44.7% to 19 tons in 2022. Over the period under review, imports saw a dramatic shrinkage.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses surged to $48K in 2022. In general, imports continue to indicate a sharp decline.

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to the Czech Republic in 2022:

1. Italy (18.8 tons)

Source: IndexBox Market Intelligence Platform