Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia - 2024
Contents:
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia (CIF) - 2022
- Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia (FOB) - 2024
- Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia
- Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia
Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia (CIF) - 2022
The average import price for tubes, pipes and hollow profiles, of cast iron stood at $1,252 per ton in 2022, with a decrease of -13.1% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 134% against the previous year. Over the period under review, average import prices attained the maximum at $1,440 per ton in 2021, and then contracted in the following year.
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 Singapore ($3,677 per ton), while the price for Thailand ($844 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 (+14.6%), 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 Malaysia (FOB) - 2024
The average export price for tubes, pipes and hollow profiles, of cast iron stood at $638 per ton in January 2024, surging by 23% against the previous month. Overall, export price indicated a mild increase from March 2023 to January 2024: its price increased at an average monthly rate of +1.7% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for tubes, pipes and hollow profiles, of cast iron decreased by -23.4% against September 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 37% month-to-month. The export price peaked at $918 per ton in June 2023; however, from July 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Madagascar ($1,094 per ton), while the average price for exports to Singapore ($509 per ton) was amongst the lowest.
From March 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.2%), 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 Malaysia
In 2022, imports of tubes, pipes and hollow profiles, of cast iron into Malaysia surged to 4.2K tons, increasing by 19% against 2021. Overall, imports, however, recorded a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. As a result, imports attained the peak of 6.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tubes, pipes and hollow profiles, of cast iron expanded modestly to $5.3M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of $8M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 5.8 | 4.1 | 4.9 | 5.3% |
| Singapore | 0.8 | 0.4 | 0.2 | 0.2 | -37.0% |
| United Arab Emirates | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Japan | 0.1 | 1.3 | 0.3 | N/A | 73.2% |
| Others | 0.1 | 0.4 | 0.5 | 0.1 | 0.0% |
| Total | 5.2 | 8.0 | 5.1 | 5.3 | 0.6% |
Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Malaysia in 2022:
- China (4040.6 tons)
- United Arab Emirates (74.8 tons)
- Singapore (55.0 tons)
- Japan (0.5 tons)
Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia
In 2022, shipments abroad of tubes, pipes and hollow profiles, of cast iron decreased by -28.3% to 4.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 85% against the previous year.
In value terms, exports of tubes, pipes and hollow profiles, of cast iron contracted slightly to $4.6M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.9% 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 +76.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 72% against the previous year.
| Export of Tubes, Pipes and Hollow Profiles, of Cast Iron in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 838 | 850 | 1,937 | 2,256 | 39.1% |
| United States | 41.6 | 1,784 | 1,826 | 1,868 | 255.4% |
| Vietnam | 185 | 125 | 36.4 | 160 | -4.7% |
| Madagascar | N/A | N/A | N/A | 135 | 0% |
| Thailand | 167 | 148 | 156 | 118 | -10.9% |
| Indonesia | 971 | 497 | 202 | 10.4 | -78.0% |
| India | N/A | N/A | 308 | 1.8 | -99.4% |
| Cambodia | 32.6 | 538 | N/A | N/A | 1550.3% |
| Others | 354 | 516 | 118 | 28.4 | -56.9% |
| Total | 2,589 | 4,459 | 4,582 | 4,578 | 20.9% |
Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Malaysia in 2022:
- Singapore (2520.1 tons)
- United States (1496.8 tons)
- Vietnam (230.0 tons)
- Madagascar (157.3 tons)
- Thailand (127.6 tons)
- India (4.5 tons)
- Indonesia (3.6 tons)
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