Report Update Nov 1, 2024

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

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Brazil: Pig Iron Market 2022

Pig Iron Market Size in Brazil

The Brazilian pig iron market declined to $X in 2021, reducing by -11.7% against the previous year. Over the period under review, consumption showed a sharp reduction. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.9%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pig Iron Production in Brazil

In value terms, pig iron production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a deep setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Pig Iron Exports

Exports from Brazil

In 2021, shipments abroad of pig iron and spiegeleisen decreased by -8.1% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 48%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, pig iron exports surged to $X in 2021. Over the period under review, exports, however, posted a measured expansion. The pace of growth was the most pronounced in 2017 with an increase of 50% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for pig iron exports from Brazil, with a 54% share of total exports. Moreover, pig iron exports to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.8% per year) and the Netherlands (+6.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for pig iron exports from Brazil, comprising 54% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.4% per year) and the Netherlands (+8.6% per year).

Export Prices by Country

The average pig iron export price stood at $X per ton in 2021, growing by 37% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Italy (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Imports

Imports into Brazil

Pig iron imports into Brazil soared to X tons in 2021, increasing by 51,720% compared with the year before. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pig iron imports soared to $X in 2021. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ukraine (X tons) was the main pig iron supplier to Brazil, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine was relatively modest.

In value terms, Ukraine ($X) constituted the largest supplier of pig iron to Brazil.

From 2012 to 2021, the average annual rate of growth in terms of value from Ukraine was relatively modest.

Import Prices by Country

In 2021, the average pig iron import price amounted to $X per ton, dropping by -94.8% against the previous year. In general, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 661% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then reduced markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Ukraine.

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to +310.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest pig iron consuming country worldwide, comprising approx. 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. South Korea ranked third in terms of total consumption with a 4.9% share.

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

China remains the largest pig iron producing country worldwide, accounting for 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. The third position in this ranking was occupied by South Korea, with a 4.9% share.

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

In value terms, China constituted the largest supplier of pig iron to Brazil.

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

In value terms, the United States remains the key foreign market for pig iron exports from Brazil, comprising 39% of total exports. The second position in the ranking was occupied by the Netherlands, with a 15% share of total exports. It was followed by Taiwan Chinese), with an 8.1% share.

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

In 2021, the average pig iron export price amounted to $485 per ton, growing by 60% against the previous year.

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

The average pig iron import price stood at $3,054 per ton in 2021, therefore, remained relatively stable against the previous year.

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

Brazil

Data coverage:

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