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

Contents:

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

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

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $2,476 per ton, shrinking by -27.1% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $3,395 per ton in 2021, and then fell rapidly in the following year.

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 India ($4,313 per ton), while the price for Egypt ($1,152 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.3%), 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 Jordan (FOB) - 2022

The average export price for tube or pipe fittings of non-malleable cast iron stood at $5,451 per ton in 2022, increasing by 5.1% against the previous year. In general, the export price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2019 when the average export price increased by 86%. The export price peaked at $8,873 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($27,826 per ton), while the average price for exports to Free Zones ($599 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 Qatar (-4.2%), while the prices for the other major destinations experienced a decline.

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

After two years of decline, purchases abroad of tube or pipe fittings of non-malleable cast iron increased by 87% to 553 tons in 2022. Over the period under review, imports enjoyed a strong increase. 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 soared to $1.4M in 2022. Overall, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2020 indices. 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 Jordan in 2022:

1. China (234.0 tons)
2. India (94.5 tons)
3. Italy (79.7 tons)
4. United Arab Emirates (57.9 tons)
5. Egypt (35.6 tons)
6. United Kingdom (14.6 tons)
7. France (11.9 tons)
8. United States (1.2 tons)

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

In 2022, approx. 19 tons of tube or pipe fittings of non-malleable cast iron were exported from Jordan; picking up by 27% compared with the previous year. In general, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of tube or pipe fittings of non-malleable cast iron soared to $103K in 2022. Overall, exports, however, saw a deep downturn.

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

1. United Arab Emirates (8.5 tons)
2. Free Zones (7.1 tons)
3. Qatar (3.4 tons)

Source: IndexBox Market Intelligence Platform