France: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in France

In 2021, the French pig iron articles market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Pig Iron Articles Production in France

In value terms, pig iron articles production stood at $X in 2021 estimated in export price. Overall, production, however, saw a slight descent. The growth pace was the most rapid in 2016 with an increase of 15%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Pig Iron Articles Exports

Exports from France

For the fourth consecutive year, France recorded decline in overseas shipments of granules and powders of pig iron, which decreased by -7.7% to X tons in 2021. Overall, exports showed a dramatic contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 18%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, pig iron articles exports skyrocketed to $X in 2021. Over the period under review, exports faced a deep reduction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Turkey (X tons) and the Netherlands (X tons) were the main destinations of pig iron articles exports from France, together comprising 59% of total exports. Canada, Italy, Mexico, Argentina, Austria, Sweden, India, Germany and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +32.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for granules and powders of pig iron exports from France, comprising 22% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.8% share of total exports. It was followed by Turkey, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.7% per year) and Turkey (-5.7% per year).

Export Prices by Country

The average pig iron articles export price stood at $X per ton in 2021, picking up by 45% against the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2020 an increase of 494%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Brazil ($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 the UK (+64.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into France

In 2021, supplies from abroad of granules and powders of pig iron was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 27%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pig iron articles imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2013 with an increase of 47% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and the UK (X tons) were the main suppliers of pig iron articles imports to France, with a combined 61% share of total imports. Slovenia, Italy, Spain, Ukraine, South Korea, Russia, Luxembourg, Belgium, the Netherlands and Japan lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +50.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig iron articles suppliers to France were Germany ($X), the UK ($X) and Sweden ($X), together comprising 63% of total imports. These countries were followed by Slovenia, Italy, Russia, Spain, the Netherlands, Japan, Ukraine, South Korea, Belgium and Luxembourg, which together accounted for a further 25%.

In terms of the main suppliers, Russia, with a CAGR of +61.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, surging by 36% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.2% 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 articles import price increased by +57.1% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 63% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform