Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany (FOB) - 2023
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany (CIF) - 2023
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany (FOB) - 2023
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $25,269 per ton in October 2023, increasing by 48% against the previous month. In general, export price indicated a strong increase from October 2022 to October 2023: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for iron or steel; non-threaded cotters and cotter-pinses increased by +77.6% against July 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the United States ($29,931 per ton), while the average price for exports to the UK ($14,758 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany (CIF) - 2023
In October 2023, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $10,777 per ton, falling by -25.4% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 35% m-o-m. Over the period under review, average import prices hit record highs at $14,448 per ton in September 2023, and then reduced remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($16,979 per ton), while the price for India ($3,916 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany
Exports of iron or steel; non-threaded cotters and cotter-pinses from Germany fell to 3.5K tons in 2022, approximately equating the previous year's figure. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, the exports attained the peak of 3.6K tons, leveling off in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses shrank modestly to $49M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $50M, and then shrank in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 8.5 | 6.8 | 7.4 | 3.9% |
| Italy | 2.3 | 2.2 | 3.3 | 3.6 | 16.1% |
| France | 3.1 | 2.6 | 3.5 | 3.3 | 2.1% |
| United States | 3.0 | 2.5 | 3.0 | 3.2 | 2.2% |
| Poland | 1.7 | 1.6 | 2.8 | 2.8 | 18.1% |
| Netherlands | 2.5 | 2.1 | 2.9 | 2.7 | 2.6% |
| Austria | 1.8 | 1.7 | 2.3 | 2.6 | 13.0% |
| Czech Republic | 2.1 | 1.5 | 2.2 | 2.2 | 1.6% |
| Hungary | 1.3 | 1.3 | 1.6 | 1.6 | 7.2% |
| Switzerland | 1.1 | 0.9 | 1.2 | 1.3 | 5.7% |
| Spain | 1.2 | 1.0 | 1.2 | 1.2 | 0.0% |
| Sweden | 1.0 | 1.0 | 1.3 | 1.1 | 3.2% |
| Finland | 0.8 | 0.9 | 1.1 | 0.8 | 0.0% |
| Others | 16.1 | 14.3 | 17.0 | 15.7 | -0.8% |
| Total | 44.5 | 42.0 | 50.3 | 49.5 | 3.6% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Germany in 2022:
- Italy (413.8 tons)
- China (403.6 tons)
- Netherlands (341.5 tons)
- Poland (254.1 tons)
- France (253.2 tons)
- Czech Republic (208.4 tons)
- Austria (206.7 tons)
- United States (136.8 tons)
- Spain (98.4 tons)
- Hungary (97.2 tons)
- Finland (94.9 tons)
- Switzerland (80.9 tons)
- Sweden (74.9 tons)
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany
In 2022, imports of iron or steel; non-threaded cotters and cotter-pinses into Germany expanded rapidly to 4.4K tons, picking up by 14% compared with the year before. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $42M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 3.5 | 5.4 | 9.6 | 41.3% |
| United States | 6.3 | 3.2 | 4.0 | 4.1 | -13.3% |
| France | 2.9 | 7.2 | 4.1 | 3.6 | 7.5% |
| Czech Republic | 1.6 | 2.4 | 3.0 | 3.4 | 28.6% |
| Austria | 2.0 | 2.0 | 2.9 | 3.2 | 17.0% |
| Turkey | 1.5 | 1.1 | 1.2 | 2.9 | 24.6% |
| Italy | 4.3 | 4.1 | 4.7 | 2.6 | -15.4% |
| United Kingdom | 7.2 | 1.9 | 0.8 | 2.0 | -34.8% |
| Spain | 2.2 | 2.2 | 2.0 | 2.0 | -3.1% |
| Netherlands | 0.9 | 1.2 | 2.0 | 1.7 | 23.6% |
| India | 1.2 | 0.8 | 1.2 | 1.5 | 7.7% |
| Taiwan (Chinese) | 0.8 | 0.5 | 1.0 | 0.6 | -9.1% |
| Others | 4.6 | 3.6 | 4.3 | 4.9 | 2.1% |
| Total | 38.8 | 33.6 | 36.5 | 42.2 | 2.8% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Germany in 2022:
- China (1570.0 tons)
- Netherlands (457.6 tons)
- India (452.3 tons)
- Spain (334.3 tons)
- Turkey (323.7 tons)
- Italy (300.8 tons)
- Czech Republic (173.5 tons)
- United Kingdom (168.6 tons)
- France (151.4 tons)
- Austria (108.5 tons)
- Taiwan (Chinese) (94.3 tons)
- United States (35.3 tons)
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