Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China (FOB) - 2024
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China (CIF) - 2022
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China (FOB) - 2024
In April 2024, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $2,845 per ton, picking up by 5.4% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $3,105 per ton in April 2023; however, from May 2023 to April 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In April 2024, the country with the highest price was the Netherlands ($3,935 per ton), while the average price for exports to Peru ($1,194 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China (CIF) - 2022
The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $23,442 per ton in 2022, surging by 18% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $26,851 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($43,907 per ton), while the price for Taiwan (Chinese) ($14,532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China
In 2022, shipments abroad of iron or steel cast fittings, other than of non-malleable cast ira decreased by -15.1% to 188K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 1.9% against the previous year. As a result, the exports reached the peak of 234K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira dropped slightly to $647M in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.9%. As a result, the exports attained the peak of $666M, and then contracted modestly in the following year.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 149 | 140 | 139 | 128 | -4.9% |
| South Korea | 38.6 | 42.7 | 46.7 | 42.5 | 3.3% |
| Japan | 25.4 | 23.4 | 24.9 | 32.7 | 8.8% |
| Taiwan (Chinese) | 17.6 | 18.9 | 25.7 | 26.3 | 14.3% |
| Canada | 19.8 | 18.2 | 28.2 | 24.0 | 6.6% |
| Netherlands | 25.6 | 27.6 | 22.7 | 20.4 | -7.3% |
| United Kingdom | 21.8 | 17.0 | 22.8 | 19.3 | -4.0% |
| Malaysia | 15.9 | 15.3 | 20.4 | 19.0 | 6.1% |
| United Arab Emirates | 11.5 | 17.6 | 13.7 | 16.6 | 13.0% |
| Mexico | 12.7 | 12.1 | 22.5 | 15.7 | 7.3% |
| Saudi Arabia | 10.3 | 14.7 | 15.0 | 14.4 | 11.8% |
| Philippines | 11.3 | 11.1 | 13.5 | 14.3 | 8.2% |
| Hong Kong SAR | 12.9 | 12.4 | 13.3 | 10.0 | -8.1% |
| Others | 221 | 235 | 257 | 264 | 6.1% |
| Total | 593 | 606 | 666 | 647 | 2.9% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from China in 2022:
- United States (41.3K tons)
- South Korea (11.6K tons)
- Canada (7.7K tons)
- Taiwan (Chinese) (7.5K tons)
- Netherlands (6.1K tons)
- Malaysia (5.8K tons)
- Saudi Arabia (5.7K tons)
- Mexico (5.3K tons)
- Philippines (5.0K tons)
- United Kingdom (5.0K tons)
- United Arab Emirates (4.8K tons)
- Hong Kong SAR (4.2K tons)
- Japan (4.0K tons)
Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China
In 2022, supplies from abroad of iron or steel cast fittings, other than of non-malleable cast ira decreased by -19.9% to 1.2K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira dropped to $27M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, imports attained the peak of $35M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.9 | 4.5 | 5.5 | 5.2 | 2.0% |
| United States | 4.1 | 3.5 | 3.7 | 4.6 | 3.9% |
| Germany | 7.0 | 6.7 | 3.6 | 4.0 | -17.0% |
| Taiwan (Chinese) | 1.9 | 3.7 | 4.9 | 3.9 | 27.1% |
| South Korea | 1.9 | 2.1 | 1.7 | 1.7 | -3.6% |
| Italy | 0.9 | 1.0 | 1.6 | 0.7 | -8.0% |
| United Kingdom | 1.4 | 0.7 | 0.6 | 0.5 | -29.1% |
| Poland | 0.5 | 0.6 | 0.6 | 0.4 | -7.2% |
| France | 1.0 | 0.8 | 1.4 | 0.4 | -26.3% |
| India | 0.6 | 0.6 | 0.5 | 0.3 | -20.6% |
| Hungary | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Norway | N/A | 5.3 | N/A | 0.1 | -86.3% |
| Others | 3.3 | 4.9 | 4.5 | 5.0 | 14.9% |
| Total | 27.8 | 34.6 | 28.7 | 27.1 | -0.8% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to China in 2022:
- Taiwan (Chinese) (266.9 tons)
- Japan (166.3 tons)
- United States (104.2 tons)
- Germany (102.0 tons)
- South Korea (61.2 tons)
- Italy (46.7 tons)
- Poland (26.6 tons)
- India (26.3 tons)
- France (19.4 tons)
- Hungary (16.6 tons)
- United Kingdom (8.6 tons)
- Norway (4.8 tons)
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