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

Contents:

1. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in South Africa (CIF) - 2024
2. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in South Africa (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in South Africa
4. Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in South Africa

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in South Africa (CIF) - 2024

In April 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,867 per ton, with a decrease of -25.5% against the previous month. Overall, the import price recorded a perceptible setback. The growth pace was the most rapid in January 2024 when the average import price increased by 45% against the previous month. As a result, import price attained the peak level of $6,393 per ton. From February 2024 to April 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was the United States ($9,369 per ton), while the price for China ($2,646 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 Poland (-0.6%), 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 South Africa (FOB) - 2022

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $7,132 per ton in 2022, jumping by 22% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or steel cast fittings, other than of non-malleable cast ira increased by +139.1% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($13,733 per ton), while the average price for exports to Lesotho ($3,515 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 Zambia (+13.0%), 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 South Africa

In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or steel cast fittings, other than of non-malleable cast ira, when their volume decreased by -39.5% to 3.3K tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of 5.5K tons, and then declined significantly in the following year.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira expanded sharply to $17M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (2349.2 tons)
2. Italy (665.3 tons)
3. Poland (69.0 tons)
4. Brazil (68.9 tons)
5. Czech Republic (53.5 tons)

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

In 2022, the amount of iron or steel cast fittings, other than of non-malleable cast ira exported from South Africa expanded to 1.1K tons, surging by 3.7% against the previous year. In general, exports, however, recorded a drastic downturn.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $7.8M in 2022. The total export value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 South Africa in 2022:

1. Namibia (187.0 tons)
2. Democratic Republic of the Congo (185.2 tons)
3. Swaziland (162.0 tons)
4. Zambia (148.9 tons)
5. Botswana (147.1 tons)
6. Mali (74.3 tons)
7. Zimbabwe (41.6 tons)
8. Mozambique (41.6 tons)
9. Lesotho (26.8 tons)

Source: IndexBox Market Intelligence Platform