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

Contents:

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

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

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $2,964 per ton, with an increase of 25% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $3,655 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Italy ($4,880 per ton), while the price for Israel ($508 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tube or pipe fittings of non-malleable cast iron stood at $8,759 per ton in 2022, picking up by 5.3% against the previous year. Overall, the export price, however, recorded a deep reduction. Over the period under review, the average export prices hit record highs at $15,307 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2014 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +31.8% per year.

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

In 2022, overseas purchases of tube or pipe fittings of non-malleable cast iron decreased by -18% to 624 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 134%. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tube or pipe fittings of non-malleable cast iron rose to $1.8M in 2022. In general, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 137%. As a result, imports reached the peak of $4.1M. 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 Ethiopia in 2022:

1. China (240.0 tons)
2. Canada (239.7 tons)
3. United Arab Emirates (114.3 tons)

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

Exports of tube or pipe fittings of non-malleable cast iron from Ethiopia shrank significantly to 54 kg in 2022, with a decrease of -76% on the previous year's figure. Overall, exports continue to indicate a dramatic decline.

In value terms, exports of tube or pipe fittings of non-malleable cast iron dropped notably to $473 in 2022. Over the period under review, exports showed a precipitous decline.

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

1. Australia (54.0 kg)

Source: IndexBox Market Intelligence Platform