Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain (CIF) - 2024
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain (FOB) - 2022
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain (CIF) - 2024
The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $2,740 per ton in March 2024, standing approximately at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in January 2024 when the average import price increased by 16% m-o-m. As a result, import price reached the peak level of $2,910 per ton. From February 2024 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Poland ($8,232 per ton), while the price for Italy ($1,103 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%), 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 Spain (FOB) - 2022
In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $4,110 per ton, picking up by 15% against the previous year. Overall, the export price, however, saw a slight shrinkage. Over the period under review, the average export prices reached the peak figure at $4,835 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($8,794 per ton), while the average price for exports to Hungary ($2,841 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 Morocco (+9.4%), 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 Spain
In 2022, approx. 21K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into Spain; declining by -18.2% against 2021 figures. Overall, imports saw a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 26K tons, and then declined notably in the following year.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira expanded modestly to $65M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.2 | 16.9 | 23.0 | 30.6 | 11.3% |
| Italy | 8.6 | 9.4 | 18.5 | 11.5 | 10.2% |
| Bulgaria | 4.0 | 3.8 | 4.7 | 4.5 | 4.0% |
| Belgium | 0.9 | 1.4 | 1.9 | 3.6 | 58.7% |
| Poland | 2.5 | 2.4 | 3.0 | 3.3 | 9.7% |
| Iran | N/A | 0.2 | 0.4 | 0.9 | 112.1% |
| Others | 8.7 | 7.3 | 10.8 | 10.1 | 5.1% |
| Total | 47.0 | 41.4 | 62.3 | 64.5 | 11.1% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Spain in 2022:
- China (10.6K tons)
- Italy (7.0K tons)
- Bulgaria (0.8K tons)
- Belgium (0.7K tons)
- Poland (0.5K tons)
- Iran (0.5K tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain
In 2022, approx. 15K tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Spain; declining by -8.9% against the previous year's figure. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, the exports reached the peak of 16K tons, and then dropped in the following year.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira expanded sharply to $62M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 11.9 | 9.8 | 14.4 | 15.6 | 9.4% |
| Italy | 8.0 | 7.6 | 11.0 | 11.5 | 12.9% |
| Germany | 2.9 | 3.1 | 5.1 | 7.4 | 36.7% |
| Portugal | 5.7 | 5.5 | 5.1 | 6.6 | 5.0% |
| Bulgaria | 1.7 | 2.5 | 3.4 | 4.0 | 33.0% |
| Sweden | 0.2 | 0.3 | 1.2 | 1.7 | 104.1% |
| Poland | 0.7 | 0.7 | 1.6 | 1.5 | 28.9% |
| Romania | 0.8 | 0.8 | 1.4 | 1.4 | 20.5% |
| Belgium | 0.9 | 0.5 | 1.2 | 1.4 | 15.9% |
| Denmark | 0.9 | 0.9 | 1.7 | 1.0 | 3.6% |
| Hungary | 0.1 | N/A | 2.7 | 1.0 | 115.4% |
| Finland | 0.2 | 0.4 | 0.8 | 0.9 | 65.1% |
| Turkey | 1.4 | 0.7 | 0.5 | 0.1 | -58.5% |
| Others | 7.1 | 11.1 | 8.7 | 7.6 | 2.3% |
| Total | 42.4 | 44.0 | 58.7 | 61.6 | 13.3% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Spain in 2022:
- France (4.5K tons)
- Italy (2.5K tons)
- Germany (1.7K tons)
- Portugal (1.5K tons)
- Bulgaria (0.6K tons)
- Romania (0.5K tons)
- Sweden (0.5K tons)
- Belgium (0.5K tons)
- Poland (0.3K tons)
- Finland (0.3K tons)
- Hungary (0.3K tons)
- Denmark (0.2K tons)
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