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

Contents:

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

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

In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $4,266 per ton, increasing by 16% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 17%. The import price peaked at $4,453 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($68,333 per ton), while the price for Malaysia ($2,379 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+33.8%), 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 Turkey (FOB) - 2022

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $3,805 per ton in 2022, surging by 1.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8.1%. The export price peaked at $4,069 per ton in 2014; however, from 2015 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 France ($5,152 per ton), while the average price for exports to Turkmenistan ($2,702 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 France (+2.6%), 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 Turkey

In 2022, after three years of growth, there was decline in supplies from abroad of iron or steel cast fittings, other than of non-malleable cast ira, when their volume decreased by -3.1% to 5.4K tons. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira rose significantly to $23M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (2867.5 tons)
2. Poland (1309.4 tons)
3. Egypt (471.9 tons)
4. Malaysia (207.2 tons)
5. Italy (144.6 tons)
6. France (94.8 tons)
7. Germany (91.7 tons)
8. Spain (14.5 tons)

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

For the fourth consecutive year, Turkey recorded growth in overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira, which increased by 14% to 5.8K tons in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 25% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira skyrocketed to $22M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +67.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Iraq (929.0 tons)
2. Romania (569.0 tons)
3. United Kingdom (543.0 tons)
4. Germany (360.7 tons)
5. France (332.6 tons)
6. Bulgaria (282.1 tons)
7. United Arab Emirates (277.9 tons)
8. Morocco (276.4 tons)
9. Turkmenistan (208.9 tons)
10. Hungary (191.0 tons)
11. Italy (173.9 tons)
12. Serbia (167.4 tons)
13. Senegal (131.2 tons)

Source: IndexBox Market Intelligence Platform