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

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Sudan (CIF) - 2022
2. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Sudan

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

The average import price for tube or pipe fittings of non-malleable cast iron stood at $6,079 per ton in 2022, surging by 29% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe fittings of non-malleable cast iron increased by +27.4% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by 72% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($10,433 per ton), while the price for India ($2,304 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saint Vincent and the Grenadines (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, imports of tube or pipe fittings of non-malleable cast iron into Sudan soared to 258 tons, jumping by 38% on the previous year. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 157%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of tube or pipe fittings of non-malleable cast iron soared to $1.6M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 217%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. China (128.8 tons)
2. India (98.4 tons)
3. United Arab Emirates (17.5 tons)
4. Egypt (6.6 tons)

Source: IndexBox Market Intelligence Platform