Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States - 2024
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States (CIF) - 2024
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States (FOB) - 2022
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States (CIF) - 2024
In April 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $3,011 per ton, remaining constant against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 7% month-to-month. The import price peaked at $3,369 per ton in September 2023; however, from October 2023 to April 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Mexico ($7,445 per ton), while the price for India ($2,020 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 (+2.3%), 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 United States (FOB) - 2022
In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $6,969 per ton, growing by 20% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($12,734 per ton), while the average price for exports to Mexico ($5,808 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 the United Arab Emirates (+3.2%), 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 United States
In 2022, approx. 201K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into the United States; rising by 15% compared with 2021. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira soared to $610M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +74.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 234 | 179 | 218 | 263 | 4.0% |
| India | 40.7 | 35.9 | 69.7 | 118 | 42.6% |
| Mexico | 32.0 | 21.2 | 30.7 | 47.4 | 14.0% |
| Thailand | 24.6 | 29.4 | 30.7 | 40.7 | 18.3% |
| Vietnam | 1.1 | 15.2 | 23.0 | 37.8 | 225.1% |
| Taiwan (Chinese) | 13.8 | 17.3 | 21.6 | 23.7 | 19.8% |
| Indonesia | 9.9 | 10.5 | 13.3 | 19.0 | 24.3% |
| Poland | 11.8 | 11.9 | 13.6 | 7.6 | -13.6% |
| Others | 27.9 | 29.7 | 47.4 | 52.9 | 23.8% |
| Total | 396 | 351 | 468 | 610 | 15.5% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to the United States in 2022:
- China (94.6K tons)
- India (62.4K tons)
- Thailand (9.7K tons)
- Mexico (8.3K tons)
- Vietnam (7.4K tons)
- Indonesia (5.7K tons)
- Taiwan (Chinese) (3.4K tons)
- Poland (3.1K tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States
In 2022, exports of iron or steel cast fittings, other than of non-malleable cast ira from the United States rose slightly to 28K tons, growing by 3.9% compared with 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 15%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira surged to $193M in 2022. The total export value increased at an average annual rate of +4.0% 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.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 84.7 | 73.0 | 88.3 | 108 | 8.4% |
| Mexico | 29.2 | 25.2 | 27.5 | 29.6 | 0.5% |
| United Kingdom | 1.3 | 0.8 | 0.9 | 7.2 | 76.9% |
| Others | 56.2 | 43.3 | 37.9 | 48.2 | -5.0% |
| Total | 171 | 142 | 155 | 193 | 4.1% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from the United States in 2022:
- Canada (16.9K tons)
- Mexico (5.1K tons)
- United Kingdom (0.6K tons)
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