Price for Powders of Pig Iron in Brazil - 2023

Contents:

1. Price for Powders of Pig Iron in Brazil (CIF) - 2022
2. Price for Powders of Pig Iron in Brazil (FOB) - 2023
3. Imports of Powders of Pig Iron in Brazil
4. Exports of Powders of Pig Iron in Brazil

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

In 2022, the average powders of pig iron import price amounted to $1,604 per ton, increasing by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2016 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,627 per ton), while the price for Sweden ($1,107 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Brazil (FOB) - 2023

The average powders of pig iron export price stood at $1,356 per ton in July 2023, which is down by -12.5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 50% month-to-month. As a result, the export price reached the peak level of $1,913 per ton. From December 2022 to July 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($1,690 per ton), while the average price for exports to Colombia ($882 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powders of Pig Iron in Brazil

Powders of pig iron imports into Brazil reduced rapidly to 4.6K tons in 2022, falling by -16.8% against 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of 5.6K tons, and then shrank rapidly in the following year.

In value terms, powders of pig iron imports declined to $7.4M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of $8.4M, and then contracted in the following year.

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

1. Sweden (3240.1 tons)
2. Egypt (660.0 tons)
3. Canada (224.0 tons)
4. India (154.3 tons)
5. United States (144.4 tons)
6. China (102.0 tons)
7. Spain (76.8 tons)

Exports of Powders of Pig Iron in Brazil

In 2022, shipments abroad of powders of pig ira decreased by -32.9% to 2.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 34%. As a result, the exports reached the peak of 5.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, powders of pig iron exports contracted notably to $2.7M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 19%.

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

1. Argentina (864.3 tons)
2. Peru (349.5 tons)
3. Chile (314.0 tons)
4. Colombia (253.0 tons)
5. Mexico (240.0 tons)
6. Paraguay (52.0 tons)
7. Uruguay (38.9 tons)

Source: IndexBox Market Intelligence Platform