Estonia: Pig Iron Market 2020

Pig Iron Market Size in Estonia

The revenue of the pig iron market in Estonia amounted to $X in 2018, going up by X% against the previous year. Overall, pig iron consumption, however, continues to indicate a measured deduction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Estonia pig iron consumption peaked at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Pig Iron Production in Estonia

In value terms, pig iron production stood at $X in 2018 estimated in export prices. Over the period under review, pig iron production, however, continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2018 when production volume increased by X% against the previous year. Over the period under review, pig iron production reached its maximum level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Pig Iron Exports

Exports from Estonia

In 2018, the amount of pig iron and spiegeleisen exported from Estonia totaled X tons, dropping by -X% against the previous year. Over the period under review, pig iron exports, however, continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Estonia exports peaked at X tons in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, pig iron exports stood at $X in 2018. Overall, pig iron exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. In that year, pig iron exports reached their peak of $X. From 2012 to 2018, the growth of pig iron exports remained at a lower figure.

Exports by Country

Russia was the largest exporter of pig iron and spiegeleisen in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. It was distantly followed by Ukraine (X tons), Brazil (X tons) and India (X tons), together committing a X% share of total exports. The following exporters - South Africa (X tons), China (X tons) and Germany (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Estonia, while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest pig iron supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

In Russia, pig iron exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Brazil (-X% per year).

Export Prices by Country

The pig iron export price in Estonia stood at $X per ton in 2018, surging by X% against the previous year. Over the period under review, the pig iron export price, however, continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the export prices for pig iron and spiegeleisen attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in South Africa ($X per ton) and Russia ($X per ton), while China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Pig Iron Imports

Imports into Estonia

In 2018, the imports of pig iron and spiegeleisen into Estonia stood at X tons, surging by X% against the previous year. Over the period under review, pig iron imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Estonia imports peaked at X tons in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, pig iron imports amounted to $X in 2018. Over the period under review, pig iron imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. In that year, pig iron imports attained their peak of $X. From 2015 to 2018, the growth of pig iron imports remained at a somewhat lower figure.

Imports by Country

The U.S. represented the major importing country with an import of around X tons, which finished at X% of total imports. Italy (X tons) occupied the second position in the ranking, followed by Turkey (X tons). All these countries together held approx. X% share of total imports. Germany (X tons), Mexico (X tons), Taiwan, Chinese (X tons), Thailand (X tons), Spain (X tons), the Netherlands (X tons), Poland (X tons) and Belgium (X tons) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to pig iron imports into the U.S. stood at +X%. At the same time, Mexico (+X%), the Netherlands (+X%), Turkey (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Italy (-X%), Germany (-X%), Spain (-X%), Belgium (-X%), Taiwan, Chinese (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Turkey and Mexico increased by +X%, +X% and +X% percentage points, while Belgium (-X p.p.), Spain (-X p.p.), Taiwan, Chinese (-X p.p.), Thailand (-X p.p.) and Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pig iron and spiegeleisen into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Italy (-X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2018, the pig iron import price in Estonia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the pig iron import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. In that year, the import prices for pig iron and spiegeleisen attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for pig iron and spiegeleisen failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform