Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR - 2024

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR (CIF) - 2024
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR (CIF) - 2024

In February 2024, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $3,991 per ton, jumping by 87% against the previous month. In general, the import price, however, recorded a slight decline. The import price peaked at $6,612 per ton in June 2023; however, from July 2023 to February 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Germany ($6,662 per ton), while the price for China stood at $3,634 per ton.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Germany (+1.1%).

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

The average export price for tube or pipe fittings of non-malleable cast iron stood at $3,109 per ton in 2022, picking up by 19% against the previous year. Overall, the export price showed a modest increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 94% against the previous year. As a result, the export price attained the peak level of $5,162 per ton. From 2018 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 China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +12.4% per year.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR

In 2022, approx. 3.3K tons of tube or pipe fittings of non-malleable cast iron were imported into Hong Kong SAR; jumping by 34% against the previous year. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% 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 +49.3% against 2020 indices. 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 $13M in 2022. In general, imports showed a significant expansion. 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 Hong Kong SAR in 2022:

1. China (2.8K tons)
2. Germany (0.4K tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Hong Kong SAR

In 2022, shipments abroad of tube or pipe fittings of non-malleable cast iron decreased by -73% to 14 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 1,118%. As a result, the exports reached the peak of 171 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tube or pipe fittings of non-malleable cast iron contracted notably to $44K in 2022. In general, exports saw a slight setback. The growth pace was the most rapid in 2020 with an increase of 640%. As a result, the exports attained the peak of $344K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. China (14.2 tons)

Source: IndexBox Market Intelligence Platform