Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain - 2022

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain (CIF) - 2022

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $3,023 per ton, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. As a result, import price attained the peak level of $4,999 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,974 per ton), while the price for Saudi Arabia ($1,835 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain (FOB) - 2022

The average export price for tube or pipe fittings of non-malleable cast iron stood at $3,003 per ton in 2022, waning by -2.6% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe fittings of non-malleable cast iron decreased by -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. As a result, the export price reached the peak level of $4,673 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($9,313 per ton), while the average price for exports to the United Arab Emirates ($2,073 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 Oman (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain

In 2022, after three years of growth, there was significant decline in supplies from abroad of tube or pipe fittings of non-malleable cast iron, when their volume decreased by -56.5% to 318 tons. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of 732 tons, and then plummeted in the following year.

In value terms, imports of tube or pipe fittings of non-malleable cast iron declined significantly to $963K in 2022. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Bahrain in 2022:

1. India (173.5 tons)
2. China (66.8 tons)
3. United Arab Emirates (50.2 tons)
4. United Kingdom (14.2 tons)
5. Saudi Arabia (0.8 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Bahrain

In 2022, shipments abroad of tube or pipe fittings of non-malleable cast iron decreased by -20.8% to 78 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a pronounced increase. The pace of growth appeared the most rapid in 2020 with an increase of 151%. As a result, the exports attained the peak of 171 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tube or pipe fittings of non-malleable cast iron fell remarkably to $233K in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 205%. As a result, the exports attained the peak of $561K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Bahrain in 2022:

1. India (46.2 tons)
2. Saudi Arabia (26.1 tons)
3. United Arab Emirates (2.9 tons)
4. Qatar (1.5 tons)

Source: IndexBox Market Intelligence Platform