Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in India - 2023
Contents:
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in India (FOB) - 2023
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in India (CIF) - 2022
- Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in India
- Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in India
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in India (FOB) - 2023
The average export price for tubes, pipes and hollow profiles, of cast iron stood at $829 per ton in November 2023, waning by -3.5% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 5% month-to-month. Over the period under review, the average export prices attained the peak figure at $928 per ton in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,338 per ton), while the average price for exports to Bahrain ($673 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in India (CIF) - 2022
The average import price for tubes, pipes and hollow profiles, of cast iron stood at $1,595 per ton in 2022, with a decrease of -62% against the previous year. Overall, the import price recorded a slight slump. The pace of growth was the most pronounced in 2018 an increase of 120%. Over the period under review, average import prices reached the maximum at $4,204 per ton in 2021, and then dropped remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,688 per ton), while the price for Mauritius ($499 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in India
Exports of tubes, pipes and hollow profiles, of cast iron from India expanded notably to 220K tons in 2022, with an increase of 10% on 2021 figures. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 98%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of tubes, pipes and hollow profiles, of cast iron skyrocketed to $188M in 2022. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tubes, Pipes and Hollow Profiles, of Cast Iron in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 22.3 | 13.0 | 21.7 | 35.4 | 16.7% |
| United States | 7.8 | 6.9 | 5.7 | 21.1 | 39.3% |
| Singapore | 8.1 | 5.0 | 8.9 | 13.8 | 19.4% |
| Italy | 9.3 | 7.8 | 8.6 | 12.4 | 10.1% |
| Spain | 11.3 | 5.8 | 12.5 | 10.4 | -2.7% |
| United Arab Emirates | 4.1 | 11.9 | 7.9 | 10.2 | 35.5% |
| Kuwait | 9.8 | 9.4 | 4.1 | 9.2 | -2.1% |
| Bahrain | 10.6 | 5.7 | 10.5 | 8.4 | -7.5% |
| United Kingdom | 6.0 | 3.1 | 5.6 | 7.9 | 9.6% |
| Tanzania | 5.4 | 0.2 | 3.8 | 5.9 | 3.0% |
| Qatar | 17.3 | 17.5 | 15.3 | 4.9 | -34.3% |
| Morocco | 1.8 | 4.8 | 6.6 | 3.9 | 29.4% |
| Jordan | 5.9 | 1.8 | 3.3 | 3.8 | -13.6% |
| Others | 64.3 | 40.7 | 43.0 | 40.9 | -14.0% |
| Total | 184 | 133 | 157 | 188 | 0.7% |
Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from India in 2022:
- France (42.1K tons)
- United States (21.5K tons)
- Singapore (16.3K tons)
- Italy (14.6K tons)
- Spain (13.7K tons)
- United Arab Emirates (12.1K tons)
- Bahrain (11.8K tons)
- Kuwait (11.7K tons)
- United Kingdom (9.9K tons)
- Tanzania (6.6K tons)
- Qatar (5.4K tons)
- Morocco (4.8K tons)
- Jordan (4.4K tons)
Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in India
Imports of tubes, pipes and hollow profiles, of cast iron into India soared to 814 tons in 2022, growing by 30% on 2021 figures. Overall, imports, however, showed a sharp decline.
In value terms, imports of tubes, pipes and hollow profiles, of cast iron expanded notably to $1.1M in 2022. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tubes, Pipes and Hollow Profiles, of Cast Iron in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 150 | 4.7 | 48.2 | 490 | 48.4% |
| China | 1,651 | 1,046 | 182 | 294 | -43.7% |
| France | 2.5 | 20.4 | 452 | 185 | 319.8% |
| Mauritius | N/A | N/A | N/A | 20.6 | 0% |
| Japan | 45.1 | 26.0 | 56.7 | 20.2 | -23.5% |
| United States | 31.7 | 1,162 | 67.6 | 15.0 | -22.1% |
| Others | 308 | 511 | 225 | 121 | -26.8% |
| Total | 2,189 | 2,770 | 1,031 | 1,145 | -19.4% |
Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to India in 2022:
- Belgium (377.9 tons)
- China (217.7 tons)
- France (148.5 tons)
- Mauritius (41.3 tons)
- Japan (12.3 tons)
- United States (5.6 tons)
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