Price for Iron and Non-Alloy Steel in Ingot in France - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in France (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in France (CIF) - 2023
- Exports of Iron and Non-Alloy Steel in Ingot in France
- Imports of Iron and Non-Alloy Steel in Ingot in France
Price for Iron and Non-Alloy Steel in Ingot in France (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $615 per ton, rising by 8.5% against the previous year. In general, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 191% against the previous year. As a result, the export price attained the peak level of $1,286 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2,090 per ton), while the average price for exports to Luxembourg ($262 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron and Non-Alloy Steel in Ingot in France (CIF) - 2023
The average import price for iron and non-alloy steel in ingots stood at $2,015 per ton in September 2023, which is down by -33% against the previous month. Over the period under review, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in May 2023 an increase of 311% against the previous month. As a result, import price attained the peak level of $5,808 per ton. From June 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($15,350 per ton), while the price for Italy ($1,236 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+18.5%), while the prices for the other major suppliers experienced a decline.
Exports of Iron and Non-Alloy Steel in Ingot in France
Exports of iron and non-alloy steel in ingots from France surged to 37K tons in 2022, jumping by 23% against the previous year's figure. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 148%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of iron and non-alloy steel in ingots soared to $22M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 144%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Iron and Non-Alloy Steel in Ingot in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.3 | 1.6 | 8.7 | 9.9 | 62.7% |
| Turkey | N/A | N/A | N/A | 3.6 | 0% |
| Italy | 0.3 | 0.4 | 2.1 | 2.8 | 110.5% |
| Luxembourg | 1.3 | 1.6 | 3.8 | 2.6 | 26.0% |
| Belgium | 0.8 | 0.8 | 1.2 | 0.9 | 4.0% |
| Spain | 0.4 | 2.1 | 0.1 | 0.5 | 7.7% |
| Others | 0.8 | 0.4 | 1.0 | 2.2 | 40.1% |
| Total | 5.8 | 6.9 | 16.9 | 22.5 | 57.1% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from France in 2022:
- Germany (23.1K tons)
- Luxembourg (9.9K tons)
- Turkey (3.2K tons)
- Italy (1.3K tons)
- Belgium (0.7K tons)
- Spain (0.4K tons)
Imports of Iron and Non-Alloy Steel in Ingot in France
For the third year in a row, France recorded decline in purchases abroad of iron and non-alloy steel in ingots, which decreased by -19% to 4.7K tons in 2022. Overall, imports recorded a dramatic contraction.
In value terms, imports of iron and non-alloy steel in ingots skyrocketed to $12M in 2022. Over the period under review, imports continue to indicate a deep slump.
| Import of Iron and Non-Alloy Steel in Ingot in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.1 | 1.3 | 1.9 | 3.3 | 16.3% |
| Spain | 1.6 | 1.5 | 2.3 | 2.7 | 19.1% |
| Italy | 2.1 | 1.7 | 2.5 | 2.0 | -1.6% |
| Sweden | N/A | N/A | N/A | 1.1 | 0% |
| Belgium | 0.5 | 0.3 | 0.4 | 0.7 | 11.9% |
| United Kingdom | 0.4 | 0.6 | 0.3 | 0.5 | 7.7% |
| Luxembourg | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Turkey | 4.8 | 0.2 | N/A | N/A | -95.8% |
| Brazil | 5.8 | N/A | N/A | N/A | 0% |
| Ukraine | 1.6 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.6 | 0.8 | 1.3 | 37.5% |
| Total | 19.5 | 6.3 | 8.3 | 11.7 | -15.7% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to France in 2022:
- Germany (2299.9 tons)
- Spain (1814.8 tons)
- Italy (1010.4 tons)
- Sweden (533.4 tons)
- Belgium (350.7 tons)
- United Kingdom (155.2 tons)
- Luxembourg (100.6 tons)
- Turkey (0.3 tons)
- Ukraine (0.1 tons)
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