Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China - 2023
Contents:
- Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China (FOB) - 2023
- Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China (CIF) - 2023
- Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China
- Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China
Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China (FOB) - 2023
The average export price for non-electric iron or steel central heating radiators other than of cast iron stood at $2.4 per unit in December 2023, increasing by 19% against the previous month. Over the period under review, the export price, however, continues to indicate a mild setback. The export price peaked at $2.7 per unit in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the Netherlands ($2.2 per unit), while the average price for exports to Mongolia ($760 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China (CIF) - 2023
The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $1.6 per unit in December 2023, falling by -2% against the previous month. Over the period under review, the import price recorded a mild reduction. The pace of growth appeared the most rapid in February 2023 an increase of 193% against the previous month. As a result, import price attained the peak level of $4.2 per unit. From March 2023 to December 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From December 2022 to December 2023, the rate of growth in terms of prices for Poland amounted to +1.7% per month.
Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China
For the fourth consecutive year, China recorded growth in shipments abroad of non-electric iron or steel central heating radiators other than of cast iron, which increased by 2.3% to 42M units in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron declined to $95M in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 72% against the previous year. As a result, the exports reached the peak of $100M, and then reduced in the following year.
| Export of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 37.6 | 44.0 | 73.0 | 62.2 | 18.3% |
| Russia | 1.4 | 0.4 | 3.8 | 11.2 | 100.0% |
| Germany | 0.4 | 2.1 | 2.6 | 2.8 | 91.3% |
| Mongolia | 0.3 | 0.7 | 0.6 | 1.3 | 63.0% |
| Uzbekistan | 0.5 | 0.5 | 1.0 | 1.2 | 33.9% |
| Others | 14.3 | 10.3 | 19.1 | 15.9 | 3.6% |
| Total | 54.4 | 58.0 | 100 | 94.6 | 20.3% |
Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from China in 2022:
- United Kingdom (25.9M units)
- Russia (9.1M units)
- Mongolia (1.4M units)
- Germany (1.2M units)
- Uzbekistan (0.6M units)
Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China
In 2022, imports of non-electric iron or steel central heating radiators other than of cast iron into China shrank notably to 10M units, waning by -75.1% on 2021. In general, imports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum at 67M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron dropped markedly to $15M in 2022. Overall, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. Imports peaked at $68M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 50.5 | 27.7 | 42.4 | 11.6 | -38.8% |
| Poland | 10.4 | 1.9 | 1.3 | 1.4 | -48.7% |
| Germany | 4.7 | 2.5 | 3.0 | 0.9 | -42.4% |
| Russia | N/A | N/A | 0.7 | 0.7 | 0.0% |
| Italy | 0.4 | 0.1 | 0.2 | 0.6 | 14.5% |
| Others | 2.0 | 1.2 | 0.7 | 0.3 | -46.9% |
| Total | 67.9 | 33.5 | 48.4 | 15.4 | -39.0% |
Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to China in 2022:
- Turkey (8.4M units)
- Poland (0.7M units)
- Russia (0.5M units)
- Germany (0.4M units)
- Italy (0.2M units)
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