Asia: Market for Tube Or Pipe Fittings Of Non-Malleable Cast Iron 2020

Market Size for Tube Or Pipe Fittings Of Non-Malleable Cast Iron in Asia

In 2019, the Asian market for tube or pipe fittings of non-malleable cast iron increased by X% to $X, rising for the second year in a row after four years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in years to come.

Production of Tube Or Pipe Fittings Of Non-Malleable Cast Iron in Asia

In value terms, non-malleable cast iron pipe fittings production stood at $X in 2019 estimated in export prices. The total production indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the near future.

Production By Country in Asia

China (X tons) remains the largest non-malleable cast iron pipe fittings producing country in Asia, comprising approx. X% of total volume. Moreover, non-malleable cast iron pipe fittings production in China exceeded the figures recorded by the second-largest producer, India (X tons), sixfold. Indonesia (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual growth rate of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Indonesia (+X% per year).

Exports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Exports in Asia

Non-malleable cast iron pipe fittings exports expanded slightly to X tons in 2019, picking up by X% on 2018. Total exports indicated a notable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the maximum in 2019 and are likely to see steady growth in years to come.

In value terms, non-malleable cast iron pipe fittings exports rose significantly to $X in 2019. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. The level of export peaked in 2019 and is likely to see gradual growth in years to come.

Exports by Country

China dominates non-malleable cast iron pipe fittings exports structure, reaching X tons, which was near X% of total exports in 2019. It was distantly followed by India (X tons), comprising a X% share of total exports.

China was also the fastest-growing in terms of the tube or pipe fittings of non-malleable cast iron exports, with a CAGR of +X% from 2007 to 2019. India (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-malleable cast iron pipe fittings supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in China amounted to +X%.

Export Prices by Country

In 2019, the export price for tube or pipe fittings of non-malleable cast iron in Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the export price increased by X% y-o-y. The level of export peaked in 2019 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was India ($X per ton), while China stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.

Imports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Imports in Asia

Non-malleable cast iron pipe fittings imports stood at X tons in 2019, increasing by X% compared with 2018. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, non-malleable cast iron pipe fittings imports expanded notably to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. The level of import peaked in 2019 and is expected to retain growth in the near future.

Imports by Country

Taiwan, Chinese (X tons) and Japan (X tons) represented roughly X% of total imports of tube or pipe fittings of non-malleable cast iron in 2019. The United Arab Emirates (X tons) ranks next in terms of the total imports with a X% share, followed by Saudi Arabia (X%), Singapore (X%) and Malaysia (X%). The following importers - China, Hong Kong SAR (X tons), Qatar (X tons), Israel (X tons), the Philippines (X tons), Sri Lanka (X tons) and Vietnam (X tons) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sri Lanka, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan, Chinese ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of total imports. These countries were followed by the United Arab Emirates, Singapore, Qatar, Malaysia, Israel, Sri Lanka, the Philippines, China, Hong Kong SAR and Vietnam, which together accounted for a further X terms of the main importing countries, Sri Lanka saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the import price for tube or pipe fittings of non-malleable cast iron in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. The level of import peaked at $X per ton in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per ton), while China, Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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