Price for Iron or Steel; Cast Articles in Sri Lanka - 2021

Contents:

1. Price for Iron or Steel; Cast Articles in Sri Lanka (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Sri Lanka (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Sri Lanka
4. Exports of Iron or Steel; Cast Articles in Sri Lanka

Price for Iron or Steel; Cast Articles in Sri Lanka (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $2,203 per ton in 2022, increasing by 3.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. As a result, import price attained the peak level of $2,391 per ton. From 2017 to 2022, the average import prices remained at a 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 the United Arab Emirates ($12,086 per ton), while the price for India ($1,715 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Sri Lanka (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $2,371 per ton, waning by -19.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 102%. The export price peaked at $4,941 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($11,456 per ton), while the average price for exports to Maldives ($3,489 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 Indonesia (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Sri Lanka

Iron or steel; cast articles imports into Sri Lanka dropped remarkably to 680 tons in 2022, waning by -43.2% against 2021 figures. Overall, imports showed a sharp reduction. The pace of growth was the most pronounced in 2021 when imports increased by 1.5%.

In value terms, iron or steel; cast articles imports fell sharply to $1.5M in 2022. Over the period under review, imports recorded a dramatic slump. The smallest decline of -2.2% was in 2021.

Top Suppliers of Iron or Steel; Cast Articles to Sri Lanka in 2022:

1. India (449.3 tons)
2. China (108.0 tons)
3. Thailand (98.0 tons)

Exports of Iron or Steel; Cast Articles in Sri Lanka

After two years of decline, shipments abroad of iron or steel; cast articleses increased by 50% to 40 tons in 2022. Over the period under review, exports, however, saw a abrupt downturn.

In value terms, iron or steel; cast articles exports soared to $96K in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Steel; Cast Articles from Sri Lanka in 2022:

1. Maldives (8.6 tons)
2. Thailand (2.5 tons)
3. Indonesia (0.3 tons)

Source: IndexBox Market Intelligence Platform