Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Iraq - 2022
Contents:
- Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Iraq (CIF) - 2022
- Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Iraq
Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Iraq (CIF) - 2022
In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $3,207 per ton, surging by 4.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 329%. As a result, import price attained the peak level of $16,216 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($23,109 per ton), while the price for India ($2,324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Iraq
In 2022, the amount of tube or pipe fittings of non-malleable cast iron imported into Iraq expanded significantly to 1.6K tons, increasing by 13% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of tube or pipe fittings of non-malleable cast iron soared to $5.1M in 2022. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 74%.
| Import of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,365 | 698 | 2,614 | 2,461 | 21.7% |
| China | 1,780 | 1,009 | 856 | 1,745 | -0.7% |
| Turkey | 39.8 | 164 | 261 | 251 | 84.8% |
| India | 38.0 | 47.7 | 65.6 | 93.9 | 35.2% |
| Saudi Arabia | 3,749 | 61.2 | N/A | N/A | -98.4% |
| Others | 436 | 503 | 521 | 549 | 8.0% |
| Total | 7,408 | 2,483 | 4,318 | 5,100 | -11.7% |
Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Iraq in 2022:
- China (744.9 tons)
- United Arab Emirates (706.6 tons)
- Turkey (55.3 tons)
- India (40.4 tons)
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