Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in China - 2024
Contents:
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in China (FOB) - 2022
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in China (CIF) - 2022
- Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in China
- Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in China
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in China (FOB) - 2022
The average export price for tubes, pipes and hollow profiles, of cast iron stood at $1,131 per ton in 2022, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2016 an increase of 48%. As a result, the export price reached the peak level of $1,232 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
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 Canada ($2,645 per ton), while the average price for exports to Kuwait ($772 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 Canada (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in China (CIF) - 2022
In 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $3,857 per ton, falling by -8.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 712% against the previous year. As a result, import price reached the peak level of $9,173 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($26,429 per ton), while the price for Estonia ($616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in China
In 2022, approx. 427K tons of tubes, pipes and hollow profiles, of cast iron were exported from China; growing by 15% against the previous year's figure. Over the period under review, exports, however, showed a perceptible curtailment.
In value terms, exports of tubes, pipes and hollow profiles, of cast iron surged to $468M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tubes, Pipes and Hollow Profiles, of Cast Iron in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 13.1 | 31.0 | 61.6 | 71.4 | 76.0% |
| Hong Kong SAR | 22.7 | 20.7 | 34.0 | 33.7 | 14.1% |
| Bangladesh | 13.2 | 15.9 | 1.2 | 30.7 | 32.5% |
| Canada | 3.4 | 3.9 | 8.1 | 25.7 | 96.3% |
| Nigeria | 6.4 | 11.5 | 14.1 | 25.6 | 58.7% |
| Qatar | 5.0 | 28.4 | 9.8 | 19.2 | 56.6% |
| Taiwan (Chinese) | 6.3 | 6.3 | 10.6 | 17.2 | 39.8% |
| Vietnam | 19.5 | 24.0 | 12.7 | 14.8 | -8.8% |
| Kazakhstan | 2.6 | 8.2 | 3.1 | 14.1 | 75.7% |
| Australia | 10.8 | 6.1 | 10.5 | 12.6 | 5.3% |
| Senegal | 20.7 | 4.6 | 7.2 | 11.8 | -17.1% |
| Mexico | 2.1 | 1.3 | 0.8 | 10.9 | 73.1% |
| Philippines | 5.3 | 2.9 | 5.3 | 10.9 | 27.2% |
| Others | 257 | 225 | 195 | 169 | -13.0% |
| Total | 388 | 390 | 374 | 468 | 6.4% |
Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from China in 2022:
- Kuwait (92.5K tons)
- Bangladesh (29.9K tons)
- Nigeria (29.0K tons)
- Hong Kong SAR (28.3K tons)
- Kazakhstan (17.0K tons)
- Mexico (12.7K tons)
- Philippines (12.5K tons)
- Senegal (10.9K tons)
- Australia (10.6K tons)
- Vietnam (10.2K tons)
- Qatar (9.9K tons)
- Canada (9.7K tons)
- Taiwan (Chinese) (8.6K tons)
Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in China
In 2022, approx. 910 tons of tubes, pipes and hollow profiles, of cast iron were imported into China; with a decrease of -22% against the year before. Overall, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 1.2K tons, and then fell sharply in the following year.
In value terms, imports of tubes, pipes and hollow profiles, of cast iron contracted sharply to $3.5M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of $4.2M, and then contracted rapidly in the following year.
| Import of Tubes, Pipes and Hollow Profiles, of Cast Iron in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 200 | 160 | 1,527 | 1,244 | 83.9% |
| United States | 312 | 182 | 601 | 730 | 32.8% |
| South Korea | 223 | 172 | 537 | 474 | 28.6% |
| Romania | 126 | 83.5 | 155 | 154 | 6.9% |
| Japan | 351 | 100 | 172 | 150 | -24.7% |
| Taiwan (Chinese) | 245 | 293 | 417 | 148 | -15.5% |
| Netherlands | 44.5 | 853 | 221 | 11.4 | -36.5% |
| Estonia | N/A | 0.1 | 11.5 | 11.4 | 967.7% |
| United Kingdom | 200 | 423 | 80.5 | 0.9 | -83.5% |
| Others | 588 | 603 | 506 | 584 | -0.2% |
| Total | 2,289 | 2,869 | 4,227 | 3,507 | 15.3% |
Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to China in 2022:
- South Korea (248.8 tons)
- United States (245.2 tons)
- Taiwan (Chinese) (48.8 tons)
- Germany (47.1 tons)
- Romania (45.2 tons)
- Estonia (18.5 tons)
- Japan (17.9 tons)
- Netherlands (2.5 tons)
- United Kingdom (0.2 tons)
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