Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in the United States - 2024

Contents:

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

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in the United States (CIF) - 2022

In 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $1,612 per ton, rising by 5.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $1,697 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($3,942 per ton), while the price for India ($1,291 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.4%), 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 the United States (FOB) - 2024

In February 2024, the average export price for tubes, pipes and hollow profiles, of cast iron amounted to $2,473 per ton, leveling off at the previous month. Over the last eleven months, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in May 2023 an increase of 19% m-o-m. Over the period under review, the average export prices hit record highs at $2,980 per ton in July 2023; however, from August 2023 to February 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In February 2024, the country with the highest price was Mexico ($5,121 per ton), while the average price for exports to China ($575 per ton) was amongst the lowest.

From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.9%), 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 the United States

In 2022, the amount of tubes, pipes and hollow profiles, of cast iron imported into the United States skyrocketed to 35K tons, rising by 141% on 2021. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron skyrocketed to $56M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. India (23.8K tons)
2. Austria (2.9K tons)
3. China (1.8K tons)
4. Malaysia (1.5K tons)
5. Germany (1.5K tons)
6. Canada (1.2K tons)
7. Japan (0.8K tons)

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

Exports of tubes, pipes and hollow profiles, of cast iron from the United States reached 29K tons in 2022, picking up by 3.5% against 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.8% 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 +97.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 91% 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 rose notably to $53M in 2022. Overall, exports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 61%.

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

1. Canada (26.6K tons)
2. Mexico (1.1K tons)
3. Saudi Arabia (0.2K tons)

Source: IndexBox Market Intelligence Platform