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

Contents:

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

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

The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $3,959 per ton in 2022, surging by 2% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +100.1% against 2013 indices. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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 Belgium ($6,397 per ton), while the price for Saudi Arabia ($387 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), 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 Ethiopia (FOB) - 2022

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $7,484 per ton, rising by 40% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 124% against the previous year. Over the period under review, the average export prices hit record highs at $17,315 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($21,430 per ton), while the average price for exports to the United States ($580 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 (-0.3%).

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

In 2022, after three years of growth, there was significant decline in overseas purchases of iron or steel cast fittings, other than of non-malleable cast ira, when their volume decreased by -71% to 409 tons. Over the period under review, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.3% against the previous year. As a result, imports reached the peak of 1.4K 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 declined notably to $1.6M in 2022. Overall, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, imports attained the peak of $5.5M, and then dropped rapidly in the following year.

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

1. China (194.8 tons)
2. Saudi Arabia (109.5 tons)
3. Belgium (39.9 tons)
4. Italy (24.6 tons)
5. India (13.9 tons)

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

In 2022, approx. 1.5 tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Ethiopia; falling by -13.5% on the previous year's figure. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 159%. As a result, the exports attained the peak of 1.7 tons, and then fell in the following year.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $11K in 2022. The total export value increased at an average annual rate of +13.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (741.0 kg)
2. Nigeria (291.0 kg)
3. United States (264.0 kg)
4. Angola (135.0 kg)
5. United Kingdom (36.0 kg)

Source: IndexBox Market Intelligence Platform