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

Contents:

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

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

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $2,720 per ton, falling by -10.3% against the previous year. Over the period under review, the import price showed a abrupt descent. The growth pace was the most rapid in 2020 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $6,294 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($16,145 per ton), while the price for the UK ($2,328 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for tube or pipe fittings of non-malleable cast iron stood at $21,535 per ton in 2022, almost unchanged from the previous year. In general, the export price recorded a moderate expansion. The growth pace was the most rapid in 2016 when the average export price increased by 276% against the previous year. As a result, the export price attained the peak level of $27,280 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +66.5% per year.

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

In 2022, overseas purchases of tube or pipe fittings of non-malleable cast iron were finally on the rise to reach 2.6K tons after two years of decline. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tube or pipe fittings of non-malleable cast iron skyrocketed to $7.1M in 2022. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (2509.4 tons)
2. India (34.3 tons)
3. United Kingdom (21.3 tons)

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

In 2022, exports of tube or pipe fittings of non-malleable cast iron from Bangladesh declined notably to 43 kg, which is down by -48.2% compared with 2021. Over the period under review, exports continue to indicate a significant curtailment. The smallest decline of -43.8% was in 2020.

In value terms, exports of tube or pipe fittings of non-malleable cast iron plummeted to $926 in 2022. In general, exports showed a dramatic decline. The smallest decline of -6.3% was in 2020.

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

1. Netherlands (43.0 kg)

Source: IndexBox Market Intelligence Platform