Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Morocco - 2023

Contents:

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

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

In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,709 per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 when the average import price increased by 30%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Italy ($9,326 per ton), while the price for China ($2,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.3%), 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 Morocco (FOB) - 2022

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $6,318 per ton, increasing by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2016 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs at $7,860 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($7,436 per ton), while the average price for exports to Mauritania ($3,684 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 Cameroon (+2.9%), 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 Morocco

In 2022, supplies from abroad of iron or steel cast fittings, other than of non-malleable cast ira decreased by -22.5% to 1.4K tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira declined to $5.1M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13%.

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

1. China (802.4 tons)
2. Poland (226.4 tons)
3. France (114.0 tons)
4. Spain (92.0 tons)
5. Turkey (59.8 tons)
6. Bulgaria (20.8 tons)
7. Italy (19.9 tons)

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

After two years of decline, overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira increased by 892% to 29 tons in 2022. Overall, exports, however, saw a abrupt setback.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira soared to $182K in 2022. Over the period under review, exports continue to indicate a pronounced expansion. 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 Morocco in 2022:

1. Senegal (16.8 tons)
2. Cameroon (6.8 tons)
3. Mauritania (3.4 tons)
4. Gambia (1.4 tons)

Source: IndexBox Market Intelligence Platform