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

Contents:

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

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

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $3,009 per ton, picking up by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2014 an increase of 26% against the previous year. The import price peaked at $3,285 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,841 per ton), while the price for China totaled $2,637 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%).

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

The average export price for tube or pipe fittings of non-malleable cast iron stood at $2,656 per ton in 2022, surging by 1.8% against the previous year. In general, the export price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $11,363 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($21,435 per ton), while the average price for exports to Nicaragua ($1,594 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 Spain (-0.1%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Costa Rica recorded growth in purchases abroad of tube or pipe fittings of non-malleable cast iron, which increased by 1.8% to 314 tons in 2022. The total import volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 33%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of tube or pipe fittings of non-malleable cast iron reached $946K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 decreased by -1.2% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of $957K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. China (280.1 tons)
2. United States (29.9 tons)

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

Exports of tube or pipe fittings of non-malleable cast iron from Costa Rica soared to 5.4 tons in 2022, jumping by 131% compared with the previous year's figure. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 175% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of tube or pipe fittings of non-malleable cast iron surged to $14K in 2022. Overall, exports showed a significant expansion.

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

1. Nicaragua (2.9 tons)
2. Guatemala (1.6 tons)
3. Panama (0.8 tons)

Source: IndexBox Market Intelligence Platform