Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in New Zealand - 2024

Contents:

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

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in New Zealand (CIF) - 2024

The average import price for tube or pipe fittings of non-malleable cast iron stood at $6,253 per ton in April 2024, reducing by -19.2% against the previous month. Overall, the import price saw a perceptible decrease. The growth pace was the most rapid in November 2023 an increase of 41% against the previous month. Over the period under review, average import prices reached the maximum at $12,934 per ton in December 2023; however, from January 2024 to April 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($17,619 per ton), while the price for China ($4,572 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in New Zealand (FOB) - 2022

The average export price for tube or pipe fittings of non-malleable cast iron stood at $17,001 per ton in 2022, rising by 108% against the previous year. In general, the export price enjoyed a moderate expansion. Over the period under review, the average export prices attained the peak figure at $26,278 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($119,208 per ton), while the average price for exports to Vanuatu ($5,176 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 the United States (+22.1%), 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 New Zealand

For the fourth year in a row, New Zealand recorded growth in purchases abroad of tube or pipe fittings of non-malleable cast iron, which increased by 38% to 477 tons in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 56%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of tube or pipe fittings of non-malleable cast iron surged to $3.7M in 2022. Over the period under review, imports continue to indicate 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 New Zealand in 2022:

1. China (308.6 tons)
2. United Kingdom (83.6 tons)
3. Austria (21.8 tons)
4. Malaysia (15.2 tons)
5. Australia (13.7 tons)
6. Germany (10.0 tons)
7. Netherlands (7.4 tons)

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

Exports of tube or pipe fittings of non-malleable cast iron from New Zealand contracted sharply to 3.6 tons in 2022, with a decrease of -63.1% compared with the previous year's figure. In general, exports faced a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 55%.

In value terms, exports of tube or pipe fittings of non-malleable cast iron shrank significantly to $61K in 2022. Over the period under review, exports continue to indicate a dramatic decline.

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

1. Australia (2047.0 kg)
2. Samoa (1086.0 kg)
3. Fiji (199.0 kg)
4. United States (178.0 kg)
5. Vanuatu (68.0 kg)

Source: IndexBox Market Intelligence Platform