Report Update Apr 1, 2024

Puerto Rico - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Pig Iron Market 2022

Pig Iron Market Size in Puerto Rico

The Puerto Rican pig iron market stood at less than $X in 2021, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern.

Pig Iron Exports

Exports by Country

Ukraine (X tons), Russia (X tons) and Brazil (X tons) represented roughly 74% of total exports in 2021. Brazil (X tons) ranks next in terms of the total exports with a 23% share, followed by India (5.6%) and Ukraine (23%). The Netherlands (X tons), Germany (X tons), Venezuela (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Venezuela (with a CAGR of +11.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pig iron supplying countries from Puerto Rico were Russia ($X), Brazil ($X) and Ukraine ($X), with a combined 74% share of total exports. These countries were followed by India, the Netherlands, South Africa, Germany and Venezuela, which together accounted for a further 16%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +11.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the other leaders experienced more modest paces of growth.

Pig Iron Imports

Imports by Country

The United States was the key importer of pig iron and spiegeleisen in the world, with the volume of imports accounting for X tons, which was near 41% of total imports in 2021. Turkey (X tons) held the second position in the ranking, followed by Italy (X tons) and China (X tons). All these countries together held near 31% share of total imports. The United Arab Emirates (X tons), Mexico (X tons), Poland (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), Germany (X tons), South Korea (X tons) and Saudi Arabia (X tons) held a minor share of total imports.

Imports into the United States increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, China (+14.7%), the United Arab Emirates (+10.2%), the Netherlands (+8.6%), Mexico (+5.6%), Italy (+2.6%) and Poland (+2.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +14.7% from 2012-2021. By contrast, Turkey (-1.6%), Saudi Arabia (-6.3%), Taiwan (Chinese) (-6.7%), Germany (-8.0%) and South Korea (-17.0%) illustrated a downward trend over the same period. While the share of China (+9 p.p.) and the United States (+7.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Saudi Arabia (-2.5 p.p.), Turkey (-2.6 p.p.), Germany (-2.9 p.p.), Taiwan (Chinese) (-3.2 p.p.) and South Korea (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported pig iron and spiegeleisen into Puerto Rico, comprising 41% of global imports. The second position in the ranking was taken by China ($X), with a 13% share of global imports. It was followed by Italy, with a 9.7% share.

In the United States, pig iron imports increased at an average annual rate of +5.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+16.5% per year) and Italy (+4.9% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately mirroring the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in the world?

The country with the largest volume of pig iron consumption was China, comprising approx. 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. The third position in this ranking was held by South Korea, with a 4.9% share.

What are the largest producers of pig iron and spiegeleisen in the world?

China constituted the country with the largest volume of pig iron production, accounting for 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. South Korea ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of pig iron and spiegeleisen to Puerto Rico?

In value terms, the United States constitutes the largest market for imported pig iron and spiegeleisen into Puerto Rico, comprising 41% of global imports. The second position in the ranking was taken by China, with a 13% share of global imports. It was followed by Italy, with a 9.7% share.

What are the leading importers of pig iron and spiegeleisen from Puerto Rico?

In value terms, Russia, Brazil and Ukraine constituted the countries with the highest levels of exports in 2021, with a combined 74% share of total exports. India, the Netherlands, South Africa, Germany and Venezuela lagged somewhat behind, together comprising a further 16%.

What is the average export price for pig iron and spiegeleisen in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately reflecting the previous year.

What is the average import price for pig iron and spiegeleisen in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the pig iron market in Puerto Rico. 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:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023