Price for Iron and Non-Alloy Steel in Ingot in Greece - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Greece (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Greece (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Greece
- Exports of Iron and Non-Alloy Steel in Ingot in Greece
Price for Iron and Non-Alloy Steel in Ingot in Greece (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $968 per ton in 2022, rising by 25% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in 2017 an increase of 114% against the previous year. As a result, import price reached the peak level of $2,328 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($3,990 per ton), while the price for Italy ($648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron and Non-Alloy Steel in Ingot in Greece (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $30,247 per ton in 2022, with an increase of 2,936% against the previous year. In general, the export price posted significant growth. 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 Bulgaria.
From 2012 to 2022, the rate of growth in terms of prices for North Macedonia amounted to -5.0% per year.
Imports of Iron and Non-Alloy Steel in Ingot in Greece
In 2022, supplies from abroad of iron and non-alloy steel in ingots decreased by -25.3% to 5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year.
In value terms, imports of iron and non-alloy steel in ingots declined to $4.9M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports attained the peak of $5.2M, and then reduced in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 2.1 | 2.9 | 4.3 | 3.0 | 12.6% |
| Romania | 0.1 | 0.4 | 0.3 | 0.9 | 108.0% |
| Italy | 0.2 | 0.4 | 0.6 | 0.6 | 44.2% |
| Germany | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Others | 0.3 | 0.1 | N/A | 0.2 | -12.6% |
| Total | 2.9 | 3.8 | 5.2 | 4.9 | 19.1% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Greece in 2022:
- Bulgaria (3.6K tons)
- Italy (1.0K tons)
- Romania (0.2K tons)
- Germany (0.1K tons)
Exports of Iron and Non-Alloy Steel in Ingot in Greece
In 2022, approx. 14 tons of iron and non-alloy steel in ingots were exported from Greece; standing approx. at 2021 figures. In general, exports showed a sharp decrease.
In value terms, exports of iron and non-alloy steel in ingots surged to $413K in 2022. Over the period under review, exports faced a sharp curtailment.
| Export of Iron and Non-Alloy Steel in Ingot in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 2.9 | N/A | N/A | 0.3 | -53.1% |
| North Macedonia | 12.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 15.2 | N/A | N/A | 0.4 | -70.3% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Greece in 2022:
- Bulgaria (143.0 tons)
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