Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India (FOB) - 2024
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India (CIF) - 2024
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India (FOB) - 2024
In March 2024, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,187 per ton, picking up by 7.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 11% against the previous month. The export price peaked at $3,728 per ton in September 2023; however, from October 2023 to March 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In March 2024, the country with the highest price was Saudi Arabia ($6,360 per ton), while the average price for exports to the United States ($2,790 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 Saudi Arabia (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India (CIF) - 2024
In March 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,783 per ton, with a decrease of -7.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 86% month-to-month. As a result, import price reached the peak level of $7,983 per ton. From October 2023 to March 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the country with the highest price was Poland ($3,959 per ton), while the price for China amounted to $2,840 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India
In 2022, approx. 27K tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from India; picking up by 9.7% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira reached $77M in 2022. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.0 | 24.6 | 51.7 | 55.3 | 25.5% |
| Italy | 2.1 | 2.1 | 2.7 | 3.9 | 22.9% |
| Saudi Arabia | 1.2 | 0.5 | 2.0 | 2.8 | 32.6% |
| Nepal | 0.7 | 0.5 | 1.1 | 1.9 | 39.5% |
| United Kingdom | 0.6 | 0.4 | 1.2 | 1.5 | 35.7% |
| Others | 12.6 | 8.4 | 11.4 | 11.6 | -2.7% |
| Total | 45.2 | 36.6 | 70.0 | 77.0 | 19.4% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from India in 2022:
- United States (20.9K tons)
- Nepal (1.2K tons)
- Saudi Arabia (1.1K tons)
- Italy (0.8K tons)
- United Kingdom (0.5K tons)
Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India
In 2022, approx. 3.6K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into India; waning by -13.5% against the previous year. Overall, imports showed a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $17M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 4.2 | 6.9 | 7.0 | -3.5% |
| United Kingdom | 0.5 | 0.2 | 0.3 | 5.2 | 118.3% |
| United Arab Emirates | 2.3 | 1.2 | 1.6 | 1.4 | -15.3% |
| United States | 1.5 | 0.8 | 0.9 | 1.2 | -7.2% |
| Italy | 0.2 | 0.1 | 0.4 | 0.2 | 0.0% |
| Singapore | 0.6 | 0.1 | 0.1 | 0.2 | -30.7% |
| South Korea | 0.9 | 0.4 | 0.4 | 0.1 | -51.9% |
| Kuwait | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Oman | N/A | N/A | N/A | N/A | 0% |
| Australia | 0.1 | 0.5 | N/A | N/A | 400.0% |
| Others | 2.9 | 1.8 | 2.3 | 2.1 | -10.2% |
| Total | 17.2 | 9.4 | 12.8 | 17.3 | 0.2% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to India in 2022:
- China (2347.9 tons)
- United Arab Emirates (478.0 tons)
- United Kingdom (151.0 tons)
- Oman (121.7 tons)
- Italy (91.6 tons)
- United States (76.6 tons)
- Singapore (41.7 tons)
- South Korea (15.4 tons)
- Australia (2.6 tons)
330
This report provides an in-depth analysis of the market for cast steel pipe fittings in India.
301
This report provides an in-depth analysis of the market for malleable cast iron pipe fittings in India.
690
This report provides an in-depth analysis of the market for iron or steel tube fitting in India.
472
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in India.
489
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
461
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
1374
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
474
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
330
This report provides an in-depth analysis of the market for cast steel pipe fittings in India.
301
This report provides an in-depth analysis of the market for malleable cast iron pipe fittings in India.
256
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3875
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1505
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1197
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1322
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
256
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3875
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1505
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1197
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1322
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
