Europe: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Europe

In 2022, the Europe pig iron articles market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Pig Iron Articles Production in Europe

In value terms, pig iron articles production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Pig Iron Articles Exports

Exports in Europe

In 2022, approx. X tons of granules and powders of pig iron were exported in Europe; with a decrease of X% compared with the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, pig iron articles exports fell modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Sweden represented the major exporter of granules and powders of pig iron in Europe, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Germany (X tons) and Romania (X tons), together achieving a X% share of total exports. Belgium (X tons), Spain (X tons), Slovenia (X tons), Russia (X tons), the Czech Republic (X tons), Poland (X tons), the Netherlands (X tons) and Ukraine (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pig iron articles exports from Sweden stood at X%. At the same time, Spain (X%), Romania (X%), Russia (X%), Germany (X%), Poland (X%), the Netherlands (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, Slovenia (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Romania (X p.p.) and Spain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ukraine (X p.p.) and Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Romania, Slovenia, Spain, the Netherlands, Russia, the Czech Republic, Poland and Ukraine lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the other leaders experienced more modest paces of growth.

Pig Iron Articles Imports

Imports in Europe

In 2022, approx. X tons of granules and powders of pig iron were imported in Europe; with a decrease of X% on the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pig iron articles imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) and Italy (X tons) represented the main importers of granules and powders of pig iron in Europe, together amounting to near X% of total imports. It was distantly followed by Spain (X tons), Poland (X tons), the UK (X tons), Austria (X tons), the Czech Republic (X tons) and Belgium (X tons), together comprising a X% share of total imports. The following importers - France (X tons), Portugal (X tons), Slovakia (X tons), the Netherlands (X tons) and Sweden (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported granules and powders of pig iron in Europe, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

In Germany, pig iron articles imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (X% per year) and Spain (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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