Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in the United Arab Emirates - 2022

Contents:

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

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in the United Arab Emirates (FOB) - 2022

The average export price for tubes, pipes and hollow profiles, of cast iron stood at $1,473 per ton in 2022, picking up by 67% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tubes, pipes and hollow profiles, of cast iron increased by +86.6% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Oman ($1,717 per ton), while the average price for exports to Kuwait ($849 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 Australia (+24.3%), 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 the United Arab Emirates (CIF) - 2022

In 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $1,043 per ton, with an increase of 43% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $1,115 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,115 per ton), while the price for Kuwait ($408 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+4.0%), while the prices for the other major suppliers experienced a decline.

Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas shipments of tubes, pipes and hollow profiles, of cast iron, when their volume decreased by -47% to 96K tons. Over the period under review, exports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of 180K tons, and then dropped rapidly in the following year.

In value terms, exports of tubes, pipes and hollow profiles, of cast iron reduced notably to $113M in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79%. As a result, the exports attained the peak of $160M, and then contracted rapidly in the following year.

Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from the United Arab Emirates in 2022:

1. Kuwait (39.1K tons)
2. Oman (17.8K tons)
3. Senegal (9.0K tons)
4. Italy (7.9K tons)
5. Bahrain (5.5K tons)
6. Vietnam (3.9K tons)
7. Australia (2.6K tons)
8. Egypt (1.7K tons)
9. Jordan (1.0K tons)
10. Norway (0.5K tons)

Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in the United Arab Emirates

In 2022, purchases abroad of tubes, pipes and hollow profiles, of cast iron decreased by -50.9% to 16K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 124% against the previous year. As a result, imports attained the peak of 46K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron dropped remarkably to $15M in 2022. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 146%. As a result, imports reached the peak of $39M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to the United Arab Emirates in 2022:

1. India (11.3K tons)
2. Oman (2.7K tons)
3. China (1.6K tons)

Source: IndexBox Market Intelligence Platform