Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore - 2023
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore (CIF) - 2023
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore (FOB) - 2022
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore (CIF) - 2023
In June 2023, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $837 per ton, which is down by -39.9% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 48% against the previous month. Over the period under review, average import prices hit record highs at $1,392 per ton in May 2023, and then fell sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,163 per ton), while the price for Malaysia amounted to $519 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.2%).
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore (FOB) - 2022
The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $6,342 per ton in 2022, jumping by 52% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 56%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($12,405 per ton), while the average price for exports to Brazil ($2,527 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 Thailand (+12.3%), 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 Singapore
In 2022, imports of iron or steel cast fittings, other than of non-malleable cast ira into Singapore soared to 37K tons, rising by 82% against the previous year. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $39M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.6% against 2020 indices. As a result, imports attained 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.1 | 7.0 | 11.6 | 18.1 | 17.7% |
| Malaysia | 4.2 | 5.4 | 6.7 | 11.9 | 41.5% |
| Indonesia | 1.1 | 1.3 | 1.6 | 0.9 | -6.5% |
| Japan | 6.7 | 2.1 | 0.6 | 0.5 | -57.9% |
| Others | 9.2 | 5.4 | 5.3 | 7.3 | -7.4% |
| Total | 32.3 | 21.2 | 25.8 | 38.7 | 6.2% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Singapore in 2022:
- Malaysia (26.8K tons)
- China (9.5K tons)
- Indonesia (0.4K tons)
- Japan (0.1K tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore
In 2022, approx. 2K tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Singapore; which is down by -37% against the year before. In general, exports showed a sharp downturn.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira contracted to $12M in 2022. Overall, exports faced a dramatic descent.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.2 | 10.9 | 5.2 | 3.7 | -30.9% |
| Indonesia | 3.8 | 2.4 | 2.2 | 2.3 | -15.4% |
| Brunei Darussalam | 1.9 | 1.0 | 1.1 | 1.4 | -9.7% |
| Japan | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Bangladesh | 1.8 | N/A | 0.2 | 0.3 | -45.0% |
| Thailand | 1.0 | 1.0 | 0.8 | 0.3 | -33.1% |
| South Korea | 0.9 | N/A | 0.2 | 0.3 | -30.7% |
| Brazil | N/A | N/A | N/A | 0.2 | 0% |
| Australia | 0.6 | 1.2 | 0.5 | 0.2 | -30.7% |
| Vietnam | 0.5 | 0.2 | 0.1 | 0.2 | -26.3% |
| Others | 4.6 | 1.9 | 2.8 | 2.8 | -15.3% |
| Total | 26.3 | 18.7 | 13.1 | 12.5 | -22.0% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Singapore in 2022:
- Indonesia (523.1 tons)
- Malaysia (433.1 tons)
- Brunei Darussalam (263.7 tons)
- Japan (160.7 tons)
- Bangladesh (108.6 tons)
- Brazil (89.5 tons)
- Australia (62.2 tons)
- Vietnam (57.5 tons)
- South Korea (55.8 tons)
- Thailand (23.0 tons)
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