Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium - 2024

Contents:

1. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium (CIF) - 2024
2. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium (FOB) - 2022
3. Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium
4. Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium (CIF) - 2024

In January 2024, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $1,732 per ton, shrinking by -14.1% against the previous month. Overall, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 154% against the previous month. The import price peaked at $2,016 per ton in December 2023, and then declined in the following month.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($10,559 per ton), while the price for India amounted to $4,714 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium (FOB) - 2022

The average export price for tubes, pipes and hollow profiles, of cast iron stood at $1,567 per ton in 2022, declining by -11.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $1,868 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($2,330 per ton), while the average price for exports to Austria ($1,410 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 States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium

For the fourth year in a row, Belgium recorded growth in overseas purchases of tubes, pipes and hollow profiles, of cast iron, which increased by 1% to 19K tons in 2022. The total import volume increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 20%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron rose remarkably to $31M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Belgium in 2022:

1. France (13.3K tons)
2. Spain (2.5K tons)
3. Germany (1.3K tons)
4. China (1.0K tons)
5. Italy (0.3K tons)
6. Netherlands (0.2K tons)

Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Belgium

For the fourth year in a row, Belgium recorded growth in shipments abroad of tubes, pipes and hollow profiles, of cast iron, which increased by 16% to 12K tons in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.9% 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 +90.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of tubes, pipes and hollow profiles, of cast iron stood at $19M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 52%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Belgium in 2022:

1. Netherlands (3.9K tons)
2. Germany (2.3K tons)
3. United States (2.0K tons)
4. Luxembourg (1.6K tons)
5. Austria (1.6K tons)
6. France (0.4K tons)
7. Morocco (0.2K tons)

Source: IndexBox Market Intelligence Platform