Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nepal - 2022
Contents:
- Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nepal (CIF) - 2022
- Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nepal
Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nepal (CIF) - 2022
The average import price for tube or pipe fittings of non-malleable cast iron stood at $1,729 per ton in 2022, falling by -10.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 82% against the previous year. The import price peaked at $2,874 per ton in 2020; however, from 2021 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 China ($2,951 per ton), while the price for India totaled $1,709 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%).
Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nepal
In 2022, the amount of tube or pipe fittings of non-malleable cast iron imported into Nepal shrank sharply to 477 tons, with a decrease of -45.2% on 2021. Over the period under review, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports attained the peak of 871 tons, and then contracted sharply in the following year.
In value terms, imports of tube or pipe fittings of non-malleable cast iron dropped significantly to $825K in 2022. Overall, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 15%.
| Import of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,421 | 1,442 | 1,647 | 808 | -17.2% |
| China | 344 | 13.4 | 24.5 | 11.6 | -67.7% |
| Others | 4.8 | 1.6 | 5.6 | 5.5 | 4.6% |
| Total | 1,770 | 1,457 | 1,678 | 825 | -22.5% |
Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Nepal in 2022:
- India (472.8 tons)
- China (3.9 tons)
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