Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Bangladesh - 2022

Contents:

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

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

The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $1,584 per ton in 2022, with a decrease of -4.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 28%. As a result, import price attained the peak level of $1,889 per ton. From 2019 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 China ($1,578 per ton), while the price for Malaysia ($560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $7,295 per ton, surging by 66% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. Over the period under review, the average export prices hit record highs at $16,140 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($8,000 per ton), while the average price for exports to India amounted to $6,610 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-3.2%).

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

In 2022, approx. 9.3K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into Bangladesh; waning by -35.8% on 2021 figures. In general, imports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 87%. As a result, imports attained the peak of 15K tons, and then shrank dramatically in the following year.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira reduced dramatically to $15M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports reached the peak of $24M, and then declined significantly in the following year.

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

1. China (8.0K tons)
2. Hong Kong SAR (0.5K tons)
3. India (0.4K tons)
4. Malaysia (0.3K tons)

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

In 2022, exports of iron or steel cast fittings, other than of non-malleable cast ira from Bangladesh contracted remarkably to 156 kg, which is down by -98.4% compared with 2021. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 1,296% against the previous year. As a result, the exports attained the peak of 10 tons, and then fell rapidly in the following year.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira reduced markedly to $1.1K in 2022. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2021 when exports increased by 1,224% against the previous year. As a result, the exports reached the peak of $44K, and then reduced rapidly in the following year.

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

1. India (146.0 kg)
2. South Africa (4.0 kg)

Source: IndexBox Market Intelligence Platform