Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Saudi Arabia - 2022

Contents:

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

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

In 2021, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $2,383 per ton, dropping by -3.5% against the previous year. In general, the export price, however, showed modest growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 100% against the previous year. As a result, the export price reached the peak level of $2,731 per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($18,571 per ton), while the average price for exports to India ($684 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+44.3%), 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 Saudi Arabia (CIF) - 2022

The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $3,896 per ton in 2021, growing by 15% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum at $4,095 per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($15,105 per ton), while the price for China ($2,101 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 1.1K tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Saudi Arabia; increasing by 23% against 2021 figures. Over the period under review, exports, however, faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 113%.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira surged to $4M in 2022. In general, exports, however, saw a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 105% against the previous year.

Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Saudi Arabia in 2022:

1. United Arab Emirates (325.3 tons)
2. Bahrain (63.8 tons)
3. Kuwait (37.1 tons)
4. Oman (26.9 tons)
5. United States (17.6 tons)
6. Thailand (13.9 tons)
7. Jordan (1.6 tons)
8. India (1.5 tons)

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

In 2021, approx. 14K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into Saudi Arabia; surging by 2.6% compared with the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2021: its volume increased at an average annual rate of +19.6% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira surged to $53M in 2021. The total import value increased at an average annual rate of +20.2% from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

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

1. China (6.3K tons)
2. Thailand (1.7K tons)
3. India (1.5K tons)
4. United Arab Emirates (0.8K tons)
5. Taiwan (Chinese) (0.7K tons)
6. Italy (0.5K tons)
7. Germany (0.5K tons)
8. Poland (0.3K tons)

Source: IndexBox Market Intelligence Platform