Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Malaysia - 2024

Contents:

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

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

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $1,056 per ton, picking up by 28% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. Over the period under review, the average export prices reached the maximum at $2,964 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($8,575 per ton), while the average price for exports to Bangladesh ($596 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 Netherlands (+13.0%), 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 Malaysia (CIF) - 2022

The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $2,661 per ton in 2022, falling by -6.3% against the previous year. Over the period under review, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32%. The import price peaked at $4,108 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($6,061 per ton), while the price for China ($2,389 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.3%), while the prices for the other major suppliers experienced a decline.

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

For the fourth year in a row, Malaysia recorded growth in shipments abroad of iron or steel cast fittings, other than of non-malleable cast ira, which increased by 0.2% to 26K tons in 2022. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $28M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.5% against 2019 indices. As a result, the exports reached 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 Malaysia in 2022:

1. Singapore (19.1K tons)
2. India (4.6K tons)
3. Bangladesh (1.1K tons)
4. Czech Republic (0.1K tons)

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

In 2022, approx. 8K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into Malaysia; remaining relatively unchanged against the previous year's figure. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 6.5%.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira reduced to $21M in 2022. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 1.1%.

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

1. China (7.2K tons)
2. Singapore (0.3K tons)
3. United States (0.2K tons)

Source: IndexBox Market Intelligence Platform