Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany (CIF) - 2024
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany (FOB) - 2024
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany (CIF) - 2024
The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $6,377 per ton in March 2024, increasing by 12% against the previous month. In general, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 25% month-to-month. Over the period under review, average import prices reached the maximum at $9,369 per ton in April 2023; however, from May 2023 to March 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($55,453 per ton), while the price for India ($2,774 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Thailand (+29.3%), 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 Germany (FOB) - 2024
In March 2024, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $6,551 per ton, dropping by -33.1% against the previous month. In general, the export price saw a pronounced setback. The most prominent rate of growth was recorded in July 2023 an increase of 24% m-o-m. Over the period under review, the average export prices hit record highs at $11,496 per ton in October 2023; however, from November 2023 to March 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was China ($42,012 per ton), while the average price for exports to Norway ($2,990 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.4%), 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 Germany
Imports of iron or steel cast fittings, other than of non-malleable cast ira into Germany skyrocketed to 27K tons in 2022, with an increase of 20% on 2021 figures. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 $180M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.6 | 31.8 | 41.5 | 59.3 | 10.0% |
| Poland | 11.4 | 15.6 | 24.6 | 26.5 | 32.5% |
| Netherlands | 6.1 | 11.3 | 16.7 | 19.9 | 48.3% |
| Italy | 13.3 | 11.0 | 16.3 | 15.7 | 5.7% |
| Austria | 12.0 | 11.5 | 15.0 | 14.9 | 7.5% |
| Thailand | 1.5 | 1.8 | 2.2 | 2.6 | 20.1% |
| Israel | 0.1 | 0.1 | 1.4 | 2.2 | 180.2% |
| Czech Republic | 3.6 | 3.0 | 3.5 | 2.2 | -15.1% |
| Taiwan (Chinese) | 3.2 | 1.7 | 1.9 | 2.1 | -13.1% |
| India | 0.9 | 0.8 | 1.1 | 1.8 | 26.0% |
| Croatia | 0.1 | 0.3 | 0.4 | 1.4 | 141.0% |
| Bulgaria | 4.3 | N/A | N/A | N/A | 0% |
| Others | 25.5 | 20.3 | 18.0 | 31.3 | 7.1% |
| Total | 126 | 109 | 143 | 180 | 12.6% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Germany in 2022:
- China (8.5K tons)
- Netherlands (4.0K tons)
- Poland (3.1K tons)
- Italy (1.9K tons)
- Austria (1.7K tons)
- Thailand (0.9K tons)
- India (0.6K tons)
- Israel (0.4K tons)
- Croatia (0.4K tons)
- Czech Republic (0.3K tons)
- Taiwan (Chinese) (0.3K tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany
In 2022, approx. 14K tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Germany; with a decrease of -4.5% compared with 2021. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira declined modestly to $112M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of $115M, and then contracted in the following year.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 19.8 | 20.4 | 23.2 | 20.4 | 1.0% |
| Poland | 12.5 | 10.7 | 15.2 | 12.4 | -0.3% |
| Switzerland | 10.2 | 9.0 | 10.4 | 10.4 | 0.6% |
| France | 6.9 | 6.4 | 7.1 | 7.9 | 4.6% |
| Belgium | 5.2 | 5.6 | 7.1 | 5.9 | 4.3% |
| Netherlands | 5.4 | 5.1 | 5.7 | 5.8 | 2.4% |
| Czech Republic | 3.8 | 3.2 | 4.3 | 5.3 | 11.7% |
| Italy | 4.9 | 3.2 | 4.1 | 4.9 | 0.0% |
| Luxembourg | 3.9 | 3.0 | 4.3 | 3.0 | -8.4% |
| Norway | 2.9 | 2.7 | 2.4 | 2.7 | -2.4% |
| Sweden | 1.5 | 2.2 | 1.9 | 2.3 | 15.3% |
| Finland | 2.6 | 2.1 | 2.4 | 2.1 | -6.9% |
| Croatia | 1.5 | 0.9 | 1.6 | 1.3 | -4.7% |
| Others | 28.7 | 25.6 | 25.7 | 27.2 | -1.8% |
| Total | 110 | 100 | 115 | 112 | 0.6% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Germany in 2022:
- Austria (2707.0 tons)
- Czech Republic (1600.5 tons)
- Switzerland (1453.6 tons)
- Poland (1377.9 tons)
- France (980.4 tons)
- Belgium (752.8 tons)
- Luxembourg (617.3 tons)
- Netherlands (550.3 tons)
- Italy (471.8 tons)
- Norway (364.9 tons)
- Croatia (237.1 tons)
- Sweden (236.9 tons)
- Finland (216.1 tons)
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