Price for Iron and Non-Alloy Steel in Ingot in Switzerland - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Switzerland (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Switzerland (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Switzerland
- Exports of Iron and Non-Alloy Steel in Ingot in Switzerland
Price for Iron and Non-Alloy Steel in Ingot in Switzerland (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $5,657 per ton in 2022, surging by 218% against the previous year. In general, the import price recorded a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,899 per ton), while the price for Italy ($1,422 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.
Price for Iron and Non-Alloy Steel in Ingot in Switzerland (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $20,601 per ton in 2022, waning by -38.5% against the previous year. In general, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,744% against the previous year. As a result, the export price reached the peak level of $33,516 per ton, and then reduced markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($28,246 per ton), while the average price for exports to Spain ($1,300 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 Slovenia (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Switzerland
For the third year in a row, Switzerland recorded decline in supplies from abroad of iron and non-alloy steel in ingots, which decreased by -14.4% to 171 tons in 2022. In general, imports faced a dramatic decrease. The smallest decline of -12.9% was in 2021.
In value terms, imports of iron and non-alloy steel in ingots soared to $968K in 2022. Overall, imports, however, posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron and Non-Alloy Steel in Ingot in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 227 | 76.8 | 42.8 | 404 | 21.2% |
| Germany | 344 | 96.6 | 75.3 | 320 | -2.4% |
| Italy | 152 | 75.2 | 122 | 135 | -3.9% |
| Others | 88.2 | 46.9 | 116 | 108 | 7.0% |
| Total | 810 | 296 | 356 | 968 | 6.1% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Switzerland in 2022:
- Austria (213.0 tons)
- Germany (168.7 tons)
- Italy (95.1 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Switzerland
In 2022, approx. 3.3 tons of iron and non-alloy steel in ingots were exported from Switzerland; growing by 3.4% compared with 2021. In general, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 695%. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron and non-alloy steel in ingots shrank dramatically to $68K in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 107% against the previous year. As a result, the exports attained the peak of $107K, and then fell sharply in the following year.
| Export of Iron and Non-Alloy Steel in Ingot in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.6 | 23.4 | 26.1 | 41.2 | 38.2% |
| France | 4.5 | 16.0 | 39.3 | 18.6 | 60.5% |
| Italy | N/A | 6.6 | 5.0 | 2.1 | -43.6% |
| United Kingdom | N/A | N/A | N/A | 1.3 | 0% |
| Spain | N/A | 1.8 | N/A | 1.3 | -15.0% |
| Portugal | 2.3 | N/A | N/A | 1.1 | -21.8% |
| Slovenia | N/A | N/A | 2.9 | 0.7 | -75.9% |
| Bosnia and Herzegovina | N/A | 3.6 | N/A | N/A | 0% |
| Singapore | 4.2 | N/A | N/A | N/A | 0% |
| Others | 5.1 | 0.1 | 33.7 | 1.7 | -30.7% |
| Total | 31.5 | 51.6 | 107 | 67.9 | 29.2% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Switzerland in 2022:
- France (4.1 tons)
- Germany (1.5 tons)
- Spain (1.0 tons)
- Italy (0.7 tons)
- United Kingdom (0.3 tons)
- Portugal (0.2 tons)
- Slovenia (0.2 tons)
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