Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Australia - 2024

Contents:

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

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

In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $5,645 per ton, which is down by -5.9% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 iron or steel cast fittings, other than of non-malleable cast ira increased by +85.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $5,999 per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($5,645 per ton) and the United States ($5,645 per ton), while the price for South Korea ($5,645 per ton) and China ($5,645 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Australia (FOB) - 2022

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $5,875 per ton, rising by 100% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $5,968 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($37,721 per ton), while the average price for exports to the United States ($1,981 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 Arab Emirates (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Australia

In 2022, approx. 9.5K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into Australia; growing by 28% on 2021 figures. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira soared to $54M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +48.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. China (7.7K tons)
2. India (0.5K tons)
3. United States (0.3K tons)
4. United Kingdom (0.2K tons)
5. Austria (0.2K tons)
6. Taiwan (Chinese) (0.1K tons)

Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Australia

In 2022, overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira decreased by -53.2% to 445 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 8.5%. As a result, the exports attained the peak of 964 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira contracted to $2.6M in 2022. In general, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.7%. As a result, the exports reached the peak of $2.8M, and then shrank in the following year.

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

1. New Zealand (288.9 tons)
2. United States (36.1 tons)
3. China (26.9 tons)
4. United Arab Emirates (25.3 tons)
5. Solomon Islands (11.2 tons)
6. Malaysia (9.8 tons)
7. Saudi Arabia (7.1 tons)
8. Papua New Guinea (6.5 tons)
9. Guam (1.2 tons)
10. Denmark (0.4 tons)

Source: IndexBox Market Intelligence Platform