Indonesia - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Indonesia - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends And Insights

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Pig Iron Articles Price in Indonesia - 2022

Contents:

  1. Pig Iron Articles Price in Indonesia (CIF) - 2022
  2. Pig Iron Articles Price in Indonesia (FOB) - 2022
  3. Pig Iron Articles Imports in Indonesia
  4. Pig Iron Articles Exports in Indonesia

Pig Iron Articles Price in Indonesia (CIF) - 2022

In March 2022, the average pig iron articles import price amounted to $1,526 per ton, rising by 4.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 61% m-o-m. As a result, import price reached the peak level of $2,549 per ton. From October 2021 to March 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($6,419 per ton), while the price for China ($1,054 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Pig Iron Articles Price in Indonesia (FOB) - 2022

In 2022, the average pig iron articles export price amounted to $1,006 per ton, increasing by 8.3% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pig iron articles export price decreased by -35.4% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 90% against the previous year. As a result, the export price attained the peak level of $1,556 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,182 per ton), while the average price for exports to Vietnam ($187 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 China (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pig Iron Articles Imports in Indonesia

In 2022, the amount of granules and powders of pig iron imported into Indonesia surged to 33K tons, increasing by 33% against 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, pig iron articles imports soared to $53M in 2022. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 72%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Pig Iron Articles in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.45.69.816.224.5%
Japan11.56.79.713.65.7%
Singapore4.64.27.17.216.1%
Sweden3.72.63.85.715.5%
Thailand1.61.42.54.339.0%
South Korea1.70.91.22.17.3%
Iran0.50.50.71.544.2%
Taiwan (Chinese)0.50.30.30.711.9%
Others1.31.55.42.320.9%
Total33.723.640.653.416.6%

Top Suppliers of Pig Iron Articles to Indonesia in 2022:

  1. China (14.1K tons)
  2. Japan (6.7K tons)
  3. Thailand (2.9K tons)
  4. Sweden (2.7K tons)
  5. Iran (1.7K tons)
  6. South Korea (1.6K tons)
  7. Singapore (1.5K tons)
  8. Taiwan (Chinese) (0.6K tons)

Pig Iron Articles Exports in Indonesia

In 2022, overseas shipments of granules and powders of pig iron were finally on the rise to reach 95 tons after two years of decline. In general, exports, however, faced a dramatic contraction.

In value terms, pig iron articles exports skyrocketed to $95K in 2022. Over the period under review, exports, however, continue to indicate a significant decrease.

Export of Pig Iron Articles in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18210836.472.1-26.6%
Vietnam20011.010.511.1-61.9%
Singapore13.82.52.42.6-42.7%
Malaysia5.60.90.20.5-55.3%
Kuwait22.2N/AN/AN/A0%
Others13.714.14.48.9-13.4%
Total43813754.095.3-39.9%

Top Export Markets for Pig Iron Articles from Indonesia in 2022:

  1. Vietnam (59.2 tons)
  2. China (33.0 tons)
  3. Singapore (0.7 tons)
  4. Malaysia (0.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pig iron articles market in Indonesia. 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 24101410 - Granules and powders, of pig iron, spiegeleisen, iron or steel

Country coverage:

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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