Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey - 2024

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey (CIF) - 2024
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey (FOB) - 2022
3. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey
4. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey (CIF) - 2024

In July 2023, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $1,541 per ton, with a decrease of -5.9% against the previous month. Overall, the import price continues to indicate a deep setback. The growth pace was the most rapid in May 2023 when the average import price increased by 9.5% against the previous month. The import price peaked at $2,208 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($3,027 per ton), while the price for Russia ($406 per ton) was amongst the lowest.

From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey (FOB) - 2022

The average export price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $980 per ton in 2022, jumping by 24% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for granules and powders, of pig iron, spiegeleisen, iron or steels increased by +55.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,045 per ton), while the average price for exports to Georgia ($309 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey

In 2022, the amount of granules and powders, of pig iron, spiegeleisen, iron or steels imported into Turkey skyrocketed to 20K tons, with an increase of 16% on the previous year. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels totaled $33M in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to Turkey in 2022:

1. Sweden (3.4K tons)
2. Spain (2.8K tons)
3. Romania (1.7K tons)
4. France (1.7K tons)
5. China (1.7K tons)
6. Germany (1.4K tons)
7. Egypt (1.2K tons)
8. Canada (1.0K tons)
9. Estonia (1.0K tons)
10. Taiwan (Chinese) (1.0K tons)
11. Bosnia and Herzegovina (0.7K tons)
12. Ukraine (0.2K tons)

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Turkey

In 2022, exports of granules and powders, of pig iron, spiegeleisen, iron or steels from Turkey reduced remarkably to 21K tons, dropping by -20.4% compared with 2021. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels reduced to $20M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $21M, and then shrank slightly in the following year.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from Turkey in 2022:

1. Germany (10.7K tons)
2. Mexico (1.9K tons)
3. Taiwan (Chinese) (1.6K tons)
4. India (1.1K tons)
5. Poland (0.9K tons)
6. Italy (0.8K tons)
7. United Arab Emirates (0.6K tons)
8. Spain (0.6K tons)
9. Canada (0.4K tons)
10. Georgia (0.3K tons)
11. United States (0.2K tons)