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

Contents:

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

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

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $4,284 per ton, reducing by -11% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. The import price peaked at $5,647 per ton in 2012; however, from 2013 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 Germany ($20,364 per ton), while the price for China ($2,965 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+12.5%), 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 Serbia (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $6,469 per ton, declining by -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 an increase of 28%. As a result, the export price reached the peak level of $6,950 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($9,231 per ton), while the average price for exports to Georgia ($2,960 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 Montenegro (+5.8%), 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 Serbia

In 2022, purchases abroad of tube or pipe fittings of non-malleable cast iron increased by 42% to 915 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. 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 $3.9M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Serbia in 2022:

1. China (716.4 tons)
2. United Kingdom (64.0 tons)
3. Italy (40.8 tons)
4. Netherlands (17.7 tons)
5. North Macedonia (15.4 tons)
6. Croatia (10.6 tons)
7. France (10.5 tons)

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

In 2022, exports of tube or pipe fittings of non-malleable cast iron from Serbia rose markedly to 37 tons, growing by 11% against the previous year. In general, exports, however, saw a sharp descent.

In value terms, exports of tube or pipe fittings of non-malleable cast iron rose significantly to $241K in 2022. Overall, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of $552K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Bosnia and Herzegovina (15.6 tons)
2. Montenegro (10.7 tons)
3. Romania (5.8 tons)
4. North Macedonia (2.1 tons)
5. Georgia (1.1 tons)
6. Netherlands (0.9 tons)

Source: IndexBox Market Intelligence Platform