Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan (CIF) - 2024
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan (FOB) - 2024
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan (CIF) - 2024
The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $7,660 per ton in April 2024, reducing by -6.5% against the previous month. Over the period under review, the import price saw a noticeable downturn. The pace of growth was the most pronounced in July 2023 an increase of 12% against the previous month. Over the period under review, average import prices attained the maximum at $11,088 per ton in April 2023; however, from May 2023 to April 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Vietnam ($15,467 per ton), while the price for Thailand ($5,185 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan (FOB) - 2024
In April 2024, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $26,459 per ton, standing approximately at the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 51% against the previous month. Over the period under review, the average export prices hit record highs in April 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($78,331 per ton), while the average price for exports to Taiwan (Chinese) ($8,744 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 Indonesia (+22.8%), 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 Japan
In 2022, after two years of decline, there was significant growth in purchases abroad of iron or steel cast fittings, other than of non-malleable cast ira, when their volume increased by 13% to 8.3K tons. In general, imports, however, saw a abrupt contraction.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira soared to $80M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.7 | 36.9 | 44.9 | 58.7 | 8.7% |
| Vietnam | 9.3 | 8.4 | 9.8 | 12.1 | 9.2% |
| Thailand | 3.3 | 2.4 | 2.3 | 3.2 | -1.0% |
| South Korea | 1.0 | 0.8 | 1.6 | 2.2 | 30.1% |
| Taiwan (Chinese) | 2.4 | 1.9 | 1.9 | 2.1 | -4.4% |
| Indonesia | 2.5 | 2.2 | 0.4 | 0.2 | -56.9% |
| Others | 1.6 | 1.6 | 2.5 | 1.1 | -11.7% |
| Total | 65.8 | 54.2 | 63.4 | 79.6 | 6.6% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Japan in 2022:
- China (6.5K tons)
- Vietnam (0.7K tons)
- Thailand (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- South Korea (0.3K tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan
In 2022, shipments abroad of iron or steel cast fittings, other than of non-malleable cast ira was finally on the rise to reach 679 tons after two years of decline. Overall, exports, however, showed a dramatic setback.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira stood at $11M in 2022. In general, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 9.4%.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.1 | 2.3 | 3.3 | 3.8 | 7.0% |
| Thailand | 4.3 | 1.8 | 1.6 | 1.9 | -23.8% |
| China | 3.5 | 1.3 | 1.2 | 1.1 | -32.0% |
| Indonesia | 0.5 | 0.2 | 0.4 | 0.9 | 21.6% |
| South Korea | 0.6 | 0.6 | 1.5 | 0.8 | 10.1% |
| United States | 4.7 | 1.6 | 0.5 | 0.6 | -49.6% |
| Philippines | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
| Saudi Arabia | 1.6 | 0.7 | 0.6 | 0.3 | -42.8% |
| India | 0.1 | N/A | 0.3 | 0.3 | 44.2% |
| New Zealand | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Hong Kong SAR | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Others | 1.1 | 0.8 | 0.6 | 0.7 | -14.0% |
| Total | 20.3 | 9.9 | 10.8 | 11.1 | -18.2% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Japan in 2022:
- Taiwan (Chinese) (356.0 tons)
- Thailand (78.7 tons)
- China (61.7 tons)
- Indonesia (38.6 tons)
- Saudi Arabia (25.3 tons)
- United States (23.8 tons)
- Philippines (21.5 tons)
- South Korea (15.4 tons)
- India (13.1 tons)
- New Zealand (10.4 tons)
- Hong Kong SAR (10.4 tons)
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