Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia - 2022
Contents:
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia (CIF) - 2022
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia (FOB) - 2022
- Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia
- Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia (CIF) - 2022
In 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $1,812 per ton, surging by 8.2% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tubes, pipes and hollow profiles, of cast iron increased by +10.9% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 81%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($4,564 per ton), while the price for Malaysia ($1,068 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), 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 Indonesia (FOB) - 2022
In 2022, the average export price for tubes, pipes and hollow profiles, of cast iron amounted to $894 per ton, with a decrease of -30.7% against the previous year. Over the period under review, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 88%. Over the period under review, the average export prices attained the maximum at $4,489 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($7,838 per ton), while the average price for exports to China ($342 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 Bangladesh (+1,643.2%), 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 Indonesia
Imports of tubes, pipes and hollow profiles, of cast iron into Indonesia surged to 40K tons in 2022, increasing by 105% compared with the year before. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 582% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of tubes, pipes and hollow profiles, of cast iron skyrocketed to $73M in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 687%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 2.3 | 23.7 | 67.3 | 121.4% |
| Singapore | 3.0 | 0.5 | 2.6 | 0.4 | -48.9% |
| Malaysia | 0.2 | 0.2 | 0.7 | 0.2 | 0.0% |
| Others | 6.3 | 1.2 | 5.9 | 4.6 | -10.0% |
| Total | 15.6 | 4.2 | 32.9 | 72.5 | 66.9% |
Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Indonesia in 2022:
- China (38.5K tons)
- Singapore (0.3K tons)
- Malaysia (0.2K tons)
Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia
In 2022, approx. 570 tons of tubes, pipes and hollow profiles, of cast iron were exported from Indonesia; falling by -74.1% against 2021 figures. Overall, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 189% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then dropped notably in the following year.
In value terms, exports of tubes, pipes and hollow profiles, of cast iron fell sharply to $1M in 2022. In general, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, the exports attained the peak of $2.9M, and then shrank sharply in the following year.
| Export of Tubes, Pipes and Hollow Profiles, of Cast Iron in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 830 | 866 | 2,084 | 373 | -23.4% |
| Mexico | 544 | 373 | 655 | 291 | -18.8% |
| India | 181 | 66.1 | 79.0 | 124 | -11.8% |
| Myanmar | N/A | N/A | N/A | 83.7 | 0% |
| China | 15.0 | 23.5 | 30.0 | 23.1 | 15.5% |
| Timor-Leste | 42.6 | 11.4 | 5.8 | 8.3 | -42.0% |
| Malaysia | 616 | 3.2 | 5.2 | 8.1 | -76.4% |
| Kazakhstan | 348 | 8.7 | N/A | N/A | -97.5% |
| Others | 9.8 | 99.6 | 25.6 | 105 | 120.5% |
| Total | 2,587 | 1,452 | 2,884 | 1,016 | -26.8% |
Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Indonesia in 2022:
- Singapore (399.0 tons)
- China (67.7 tons)
- Mexico (37.1 tons)
- Timor-Leste (17.2 tons)
- India (17.0 tons)
- Myanmar (16.1 tons)
- Malaysia (4.9 tons)
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This report provides an in-depth analysis of the market for iron or steel pipe and tube in Indonesia.
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