Algeria: Pig Iron Market 2022

Pig Iron Market Size in Algeria

The Algerian pig iron market was finally on the rise to reach $X in 2021, after six years of decline. In general, consumption, however, recorded a deep setback. Pig iron consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pig Iron Production in Algeria

In value terms, pig iron production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 4% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pig Iron Exports

Exports from Algeria

In 2021, approx. X tons of pig iron and spiegeleisen were exported from Algeria; picking up by 25% compared with the previous year's figure. In general, exports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of 103%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, pig iron exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 82%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X tons), Italy (X tons) and Spain (X tons) were the main destinations of pig iron exports from Algeria, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +11.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Egypt ($X), Italy ($X) and Turkey ($X) constituted the largest markets for pig iron exported from Algeria worldwide, together accounting for 87% of total exports.

Turkey, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pig iron export price stood at $X per ton in 2021, dropping by -3.2% against the previous year. Overall, the export price, however, recorded slight growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 35%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Imports

Imports into Algeria

In 2021, after two years of growth, there was significant decline in supplies from abroad of pig iron and spiegeleisen, when their volume decreased by -23.7% to X tons. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, pig iron imports declined remarkably to $X in 2021. Overall, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 85% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa (X tons), Belgium (X tons) and Russia (X tons) were the main suppliers of pig iron imports to Algeria, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +5.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X) constituted the largest supplier of pig iron to Algeria, comprising 82% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.1% per year) and Russia (-29.0% per year).

Import Prices by Country

In 2021, the average pig iron import price amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pig iron import price increased by +99.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 38%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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