Republic of Korea - Tube Or Pipe Fittings Of Non-Malleable Cast Iron - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea - 2022
Contents:
- Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea (CIF) - 2022
- Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea (FOB) - 2022
- Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea
- Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea
Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea (CIF) - 2022
In December 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $2,103 per ton, waning by -4.6% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 6.9% m-o-m. The import price peaked at $2,369 per ton in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2022 to December 2022, the rate of growth in terms of prices for China amounted to -0.9% per month.
Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea (FOB) - 2022
The average export price for tube or pipe fittings of non-malleable cast iron stood at $23,669 per ton in December 2022, increasing by 14% against the previous month. Overall, export price indicated pronounced growth from January 2022 to December 2022: its price increased at an average monthly rate of +4.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for tube or pipe fittings of non-malleable cast iron increased by +57.9% against October 2022 indices. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 46% m-o-m. The export price peaked in December 2022.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was China ($117K per ton), while the average price for exports to Mexico ($5,201 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+180.5%), 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 South Korea
In 2022, the amount of tube or pipe fittings of non-malleable cast iron imported into South Korea surged to 15K tons, with an increase of 20% against 2021 figures. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 $34M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 20.7 | 19.9 | 24.5 | 32.9 | 16.7% |
Others | 2.0 | 0.7 | 1.4 | 0.7 | -29.5% |
Total | 22.7 | 20.6 | 25.9 | 33.6 | 14.0% |
Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to South Korea in 2022:
- China (14.9K tons)
Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea
In 2022, approx. 1.1K tons of tube or pipe fittings of non-malleable cast iron were exported from South Korea; jumping by 46% against 2021 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 336% against the previous year. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tube or pipe fittings of non-malleable cast iron soared to $9.7M in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 329%. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
Export of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 400 | 3,077 | 4,289 | 6,261 | 150.1% |
China | 59.1 | 87.6 | 656 | 1,165 | 170.1% |
Bangladesh | N/A | 0.7 | 297 | 594 | 2813.0% |
Thailand | 273 | 364 | 106 | 491 | 21.6% |
Mexico | 949 | 2,273 | 244 | 427 | -23.4% |
Nicaragua | N/A | N/A | 273 | 315 | 15.4% |
United Arab Emirates | 85.6 | 492 | 46.0 | 3.4 | -65.9% |
Hong Kong SAR | 517 | 3,591 | 1,547 | N/A | 73.0% |
Others | 119 | 415 | 560 | 443 | 55.0% |
Total | 2,402 | 10,301 | 8,020 | 9,700 | 59.2% |
Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from South Korea in 2022:
- United States (605.2 tons)
- Mexico (181.5 tons)
- Bangladesh (116.2 tons)
- Thailand (99.2 tons)
- China (63.1 tons)
- Nicaragua (33.5 tons)
- United Arab Emirates (1.1 tons)
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24513030 - Tube or pipe fittings, of non-malleable cast iron
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in Republic of Korea.
This report provides an in-depth analysis of the market for iron or steel tube fitting in Republic of Korea.
This report provides an in-depth analysis of the market for tube or pipe fittings of cast steel in Republic of Korea.
This report provides an in-depth analysis of the market for tube or pipe fittings of malleable cast iron in Republic of Korea.
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This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in Republic of Korea.
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Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t