Report Update Feb 1, 2025

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

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Saudi Arabia: Pig Iron Market 2022

Pig Iron Market Size in Saudi Arabia

In 2021, after three years of decline, there was significant growth in the Saudi pig iron market, when its value increased by 5.5% to $X. Over the period under review, consumption, however, saw a abrupt decrease. Pig iron consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Pig Iron Exports

Exports from Saudi Arabia

In 2021, the amount of pig iron and spiegeleisen exported from Saudi Arabia declined to X tons, dropping by -6.9% compared with the previous year. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 713%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pig iron exports dropped to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 815%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pig iron exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled -46.9%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for pig iron exports from Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -49.4%.

Export Prices by Country

In 2021, the average pig iron export price amounted to $X per ton, falling by -3.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for Kuwait amounted to -1.8% per year.

Pig Iron Imports

Imports into Saudi Arabia

Pig iron imports into Saudi Arabia was estimated at X tons in 2021, remaining stable against 2020. Overall, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by 467% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pig iron imports rose significantly to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 408%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest pig iron supplier to Saudi Arabia, with a 79% share of total imports. Moreover, pig iron imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine totaled +81.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-15.2% per year) and India (+52.9% per year).

In value terms, Ukraine ($X) constituted the largest supplier of pig iron to Saudi Arabia, comprising 71% of total imports. The second position in the ranking was held by Russia ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ukraine stood at +91.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-15.8% per year) and India (+53.3% per year).

Import Prices by Country

The average pig iron import price stood at $X per ton in 2021, increasing by 5.2% against the previous year. In general, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2017 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of pig iron consumption, 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, comprising approx. 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 Saudi Arabia?

In value terms, the largest pig iron suppliers to Saudi Arabia were Ukraine, Russia and Turkey, together comprising 83% of total imports.

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

In value terms, the largest markets for pig iron exported from Saudi Arabia were Jordan, the United Arab Emirates and Thailand, together comprising 99% of total exports.

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

In 2021, the average pig iron export price amounted to $431 per ton, dropping by -3.9% against the previous year.

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

The average pig iron import price stood at $345 per ton in 2021, rising by 3.9% against the previous year.

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

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024