U.S. - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Iron Price in the United States - 2023
Contents:
- Pig Iron Price in the United States (CIF) - 2023
- Pig Iron Price in the United States (FOB) - 2023
- Pig Iron Imports in the United States
- Pig Iron Exports in the United States
Pig Iron Price in the United States (CIF) - 2023
In August 2023, the average pig iron import price amounted to $482 per ton, falling by -7.7% against the previous month. Overall, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in March 2023 an increase of 14% against the previous month. The import price peaked at $884 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($531 per ton), while the price for Ukraine ($431 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ukraine (-1.2%), while the prices for the other major suppliers experienced a decline.
Pig Iron Price in the United States (FOB) - 2023
The average pig iron export price stood at $584 per ton in August 2023, which is down by -13.5% against the previous month. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 25% m-o-m. The export price peaked at $1,104 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In August 2023, the country with the highest price was Canada ($617 per ton), while the average price for exports to the UK ($511 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.5%), while the prices for the other major destinations experienced a decline.
Pig Iron Imports in the United States
In 2022, the amount of pig iron and spiegeleisen imported into the United States declined rapidly to 4.6M tons, which is down by -24% on the previous year. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports attained the peak of 6M tons, and then reduced markedly in the following year.
In value terms, pig iron imports declined to $3B in 2022. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 122%. As a result, imports reached the peak of $3.3B, and then declined in the following year.
Import of Pig Iron in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 423 | 252 | 873 | 1,623 | 56.6% |
Ukraine | 524 | 607 | 940 | 399 | -8.7% |
Russia | 821 | 540 | 1,158 | 351 | -24.7% |
India | N/A | N/A | 226 | 291 | 28.8% |
Canada | 24.2 | 29.0 | 46.5 | 126 | 73.3% |
South Africa | 48.5 | 34.5 | 45.0 | 99.9 | 27.2% |
China | N/A | N/A | N/A | 65.6 | 0% |
Others | 21.5 | 20.5 | 1.9 | 89.1 | 60.6% |
Total | 1,862 | 1,483 | 3,290 | 3,045 | 17.8% |
Top Suppliers of Pig Iron to the United States in 2022:
- Brazil (2335.8K tons)
- Ukraine (698.9K tons)
- Russia (638.0K tons)
- India (385.4K tons)
- Canada (179.2K tons)
- South Africa (140.0K tons)
- China (70.5K tons)
Pig Iron Exports in the United States
In 2022, overseas shipments of pig iron and spiegeleisen decreased by -2.6% to 27K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 783% against the previous year. As a result, the exports reached the peak of 97K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, pig iron exports surged to $21M in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 345%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
Export of Pig Iron in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.8 | 1.4 | 12.4 | 18.3 | 183.9% |
Mexico | 1.4 | 1.2 | 0.7 | 2.0 | 12.6% |
Hong Kong SAR | N/A | N/A | N/A | 0.2 | 0% |
Germany | N/A | 0.3 | N/A | 0.1 | -42.3% |
India | 0.6 | N/A | N/A | N/A | 0% |
Others | 0.8 | 0.2 | 0.4 | 0.9 | 4.0% |
Total | 3.6 | 3.0 | 13.6 | 21.5 | 81.4% |
Top Export Markets for Pig Iron from the United States in 2022:
- India (undefinedK tons)
- Canada (21.8K tons)
- Mexico (3.0K tons)
- Hong Kong SAR (0.4K tons)
- Germany (0.1K tons)
This report provides an in-depth analysis of the pig iron market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the pig iron market in the U.S..
This report provides an in-depth analysis of the iron and steel market in the U.S..
This report provides an in-depth analysis of the global pig iron market.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the pig iron market in the U.S..
This report provides an in-depth analysis of the iron and steel market in the U.S..
This report provides an in-depth analysis of the global pig iron market.
This report provides an in-depth analysis of the global iron and steel market.
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.