Germany: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Germany

In 2021, the German pig iron articles market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a mild curtailment. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Pig Iron Articles Production in Germany

In value terms, pig iron articles production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight reduction. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Pig Iron Articles Exports

Exports from Germany

In 2021, approx. X tons of granules and powders of pig iron were exported from Germany; jumping by 35% against 2020 figures. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig iron articles exports soared to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for pig iron articles exports from Germany, accounting for a 22% share of total exports. Moreover, pig iron articles exports to Italy exceeded the volume sent to the second major destination, France (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.0% per year) and Poland (+13.5% per year).

In value terms, Italy ($X), the United States ($X) and China ($X) constituted the largest markets for pig iron articles exported from Germany worldwide, together comprising 30% of total exports. France, Austria, Spain, the UK, the Czech Republic, Poland, Hungary, India, Sweden and the Netherlands lagged somewhat behind, together accounting for a further 37%.

Hungary, with a CAGR of +25.8%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average pig iron articles export price amounted to $X per ton, with an increase of 3.8% against the previous year. In general, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 4.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 Czech Republic (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into Germany

After two years of decline, supplies from abroad of granules and powders of pig iron increased by 7.3% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 13%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pig iron articles imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of pig iron articles to Germany, with a 29% share of total imports. Moreover, pig iron articles imports from Sweden exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. France (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+11.2% per year) and France (-2.4% per year).

In value terms, Sweden ($X), China ($X) and Romania ($X) appeared to be the largest pig iron articles suppliers to Germany, with a combined 48% share of total imports. France, Japan, the United States, the UK, Italy, Canada, Turkey, Ukraine and South Africa lagged somewhat behind, together comprising a further 33%.

Italy, with a CAGR of +12.5%, saw the highest growth rate of the value of imports, among the main suppliers 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, picking up by 26% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Ukraine ($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 United States (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform