EU: Pig Iron Market 2022

Pig Iron Market Size in the EU

The EU pig iron market rose sharply to $X in 2021, with an increase of 13% against the previous year. In general, consumption, however, showed a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pig Iron Production in the EU

In value terms, pig iron production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pig Iron Exports

Exports in the EU

In 2021, approx. X tons of pig iron and spiegeleisen were exported in the European Union; growing by 11% compared with the year before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, pig iron exports skyrocketed to $X in 2021. Overall, exports continue to indicate a slight increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) represented roughly 65% of total exports in 2021. Poland (X tons) took a 6.7% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (8%), Sweden (0.2%), Germany (22%), Belgium (7.4%), France (9.1%) and Italy (6.9%). Luxembourg (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +10.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest pig iron supplier in the European Union, comprising 36% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to +11.4%. In the other countries, the average annual rates were as follows: Germany (+2.5% per year) and France (+11.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.8%), while the other leaders experienced more modest paces of growth.

Pig Iron Imports

Imports in the EU

After two years of decline, purchases abroad of pig iron and spiegeleisen increased by 25% to X tons in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pig iron imports skyrocketed to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy represented the major importing country with an import of around X tons, which finished at 44% of total imports. The Netherlands (X tons) took the second position in the ranking, followed by Poland (X tons), Germany (X tons), Spain (X tons) and Belgium (X tons). All these countries together took near 42% share of total imports. The following importers - Belgium (X tons) and France (X tons) - each finished at a 6.7% share of total imports.

Imports into Italy increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, the Netherlands (+8.6%) and Poland (+2.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +8.6% from 2012-2021. By contrast, Spain (-2.7%), France (-2.8%), Germany (-8.0%) and Belgium (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy and the Netherlands increased by +9.6 and +7.5 percentage points, respectively. Spain (-1.8 p.p.), Belgium (-5.5 p.p.) and Germany (-10.5 p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported pig iron and spiegeleisen in the European Union, comprising 43% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Italy stood at +4.9%. In the other countries, the average annual rates were as follows: the Netherlands (+10.3% per year) and Germany (-7.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, increasing by 56% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and Spain ($X per ton), while Italy ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :