Price for Powders of Pig Iron in Estonia - 2023

Contents:

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

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

The average powders of pig iron import price stood at $1,180 per ton in 2022, falling by -3.9% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powders of pig iron import price increased by +26.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $1,653 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 ($1,714 per ton), while the price for Norway ($362 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Estonia (FOB) - 2022

The average powders of pig iron export price stood at $71,186 per ton in 2022, increasing by 5,284% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($86,604 per ton), while the average price for exports to Russia totaled $10,135 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+22.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powders of Pig Iron in Estonia

For the fourth consecutive year, Estonia recorded growth in overseas purchases of powders of pig ira, which increased by 42% to 258 tons in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 139%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, powders of pig iron imports soared to $305K in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 108% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Russia (186.0 tons)
2. Sweden (43.0 tons)
3. Norway (24.8 tons)
4. Latvia (4.0 tons)

Exports of Powders of Pig Iron in Estonia

In 2022, the amount of powders of pig ira exported from Estonia soared to 1.3 tons, jumping by 24% on 2021. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,605%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, powders of pig iron exports surged to $92K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Ukraine (957.0 kg)
2. Russia (326.0 kg)

Source: IndexBox Market Intelligence Platform