In 2023, Russia led the global export market for Pig Iron and Spiegeleisen in primary forms, commanding the highest share at 43.66%. Ukraine followed with 22.1%, and Brazil ranked third with 10.82%. Notable growth was seen in Switzerland (35.37%), Indonesia (14.66%), and Kuwait (13.69%). Conversely, exports declined significantly from Japan (-20.23%), Slovakia (-16.35%), and Thailand (-19.25%). The Compound Annual Growth Rate (CAGR) over the last five years showed varying trends, with significant dynamics observed primarily due to geopolitical and economic factors.
Future trends to watch include potential shifts in export shares due to evolving geopolitical tensions, changes in global trade policies, and technological advancements in production. Maintaining competitiveness will likely depend on how countries adapt to these factors and leverage emerging opportunities in the iron and steel sector.
Top countries in Export of Pig Iron and Spiegeleisen in Primary Forms Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 43.66 | 2023 | +2.53% | +0.95% | View data |
| 2 | 2 Ukraine | 22.1 | 2023 | +3.39% | +1.67% | View data |
| 3 | 3 Brazil | 10.82 | 2023 | -5.3% | -5.68% | View data |
| 4 | 4 South Africa | 4.4 | 2023 | +0.87% | -1.08% | View data |
| 5 | 5 Indonesia | 2.92 | 2023 | +2.01% | +14.66% | View data |
| 6 | 6 India | 1.9 | 2023 | -7.39% | -4.54% | View data |
| 7 | 7 Germany | 1.85 | 2023 | +2.05% | +1.93% | View data |
| 8 | 8 France | 1.82 | 2023 | +4.1% | +1.81% | View data |
| 9 | 9 Netherlands | 1.46 | 2023 | +1.99% | -1.13% | View data |
| 10 | 10 Belgium | 1.04 | 2023 | -4.18% | -4.4% | View data |
