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

Contents:

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

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

The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $2,713 per ton in 2022, declining by -27.6% against the previous year. In general, the import price, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2017 an increase of 58%. The import price peaked at $3,748 per ton in 2021, and then dropped significantly in the following year.

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 Japan ($12,955 per ton), while the price for Thailand ($1,089 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.4%), 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 the Philippines (FOB) - 2022

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $13,607 per ton, rising by 14% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 +82.2% against 2016 indices. The pace of growth appeared the most rapid in 2015 an increase of 57%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($166,857 per ton), while the average price for exports to Japan ($9,519 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 Taiwan (Chinese) (+80.1%), 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 the Philippines

After three years of growth, overseas purchases of iron or steel cast fittings, other than of non-malleable cast ira decreased by -31.1% to 2.9K tons in 2022. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 16%.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira declined remarkably to $7.8M in 2022. Over the period under review, imports recorded a slight decline. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $16M, and then declined remarkably in the following year.

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

1. China (1335.2 tons)
2. Taiwan (Chinese) (713.3 tons)
3. Thailand (298.2 tons)
4. Indonesia (187.6 tons)
5. India (77.3 tons)
6. Japan (60.8 tons)
7. South Korea (36.1 tons)

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

In 2022, overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira decreased by -89.6% to 4 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, the exports attained the peak of 321 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira declined significantly to $54K in 2022. In general, exports saw a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 63%. As a result, the exports reached the peak of $4.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Japan (3182.0 kg)
2. Singapore (335.0 kg)
3. Vietnam (220.0 kg)
4. Germany (179.0 kg)

Source: IndexBox Market Intelligence Platform