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

Contents:

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

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

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $1,605 per ton, surging by 8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20%. Over the period under review, average import prices reached the maximum at $1,639 per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($3,836 per ton), while the price for Taiwan (Chinese) ($809 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.3%), 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 Iran (FOB) - 2022

The average export price for tube or pipe fittings of non-malleable cast iron stood at $2,819 per ton in 2022, shrinking by -16.7% against the previous year. Overall, the export price saw a mild setback. The pace of growth appeared the most rapid in 2016 an increase of 40%. The export price peaked at $4,808 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($30,278 per ton), while the average price for exports to Turkmenistan ($1,199 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 Afghanistan (+11.8%), 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 Iran

In 2022, supplies from abroad of tube or pipe fittings of non-malleable cast iron decreased by -67.4% to 124 tons, falling for the second consecutive year after two years of growth. In general, imports faced a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 0.1%. As a result, imports attained the peak of 474 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tube or pipe fittings of non-malleable cast iron fell dramatically to $198K in 2022. Overall, imports showed a significant contraction. The smallest decline of -3.2% was in 2020.

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

1. Brazil (94.4 tons)
2. China (11.8 tons)
3. Taiwan (Chinese) (7.8 tons)
4. Turkey (4.9 tons)
5. United Arab Emirates (2.1 tons)

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

After three years of growth, shipments abroad of tube or pipe fittings of non-malleable cast iron decreased by -43.8% to 36 tons in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 330%.

In value terms, exports of tube or pipe fittings of non-malleable cast iron fell markedly to $102K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 237%.

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

1. Spain (26.1 tons)
2. Slovenia (2.1 tons)
3. Uzbekistan (2.0 tons)
4. Afghanistan (1.3 tons)
5. United Arab Emirates (1.3 tons)
6. Turkmenistan (1.1 tons)
7. Turkey (0.7 tons)
8. Armenia (0.7 tons)
9. Germany (0.5 tons)

Source: IndexBox Market Intelligence Platform