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

Contents:

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

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

The average import price for tube or pipe fittings of non-malleable cast iron stood at $2,667 per ton in 2022, increasing by 3.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 55% against the previous year. As a result, import price attained the peak level of $3,792 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6,422 per ton), while the price for China ($2,251 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), 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 Sri Lanka (FOB) - 2022

The average export price for tube or pipe fittings of non-malleable cast iron stood at $8,384 per ton in 2022, picking up by 125% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($9,123 per ton), while the average price for exports to Seychelles ($3,338 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 Seychelles (+41.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of tube or pipe fittings of non-malleable cast iron decreased by -52.5% to 1.2K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 6.1% against the previous year. As a result, imports reached the peak of 2.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tube or pipe fittings of non-malleable cast iron declined dramatically to $3.3M in 2022. Over the period under review, imports saw a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 4.7% against the previous year. As a result, imports reached the peak of $7.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Sri Lanka in 2022:

1. China (947.1 tons)
2. India (194.3 tons)
3. Germany (57.5 tons)
4. United Kingdom (41.0 tons)

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

In 2022, approx. 5.2 tons of tube or pipe fittings of non-malleable cast iron were exported from Sri Lanka; rising by 97% compared with the year before. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tube or pipe fittings of non-malleable cast iron surged to $43K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (4.4 tons)
2. Seychelles (0.6 tons)
3. Maldives (0.2 tons)

Source: IndexBox Market Intelligence Platform