China: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in China

The Chinese non-malleable cast iron articles market declined to $X in 2022, shrinking by X% against the previous year. In general, consumption saw a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Articles Of Non-Malleable Cast Iron in China

In value terms, non-malleable cast iron articles production dropped to $X in 2022 estimated in export price. In general, production recorded a noticeable contraction. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from China

In 2022, the amount of articles of non-malleable cast iron exported from China rose remarkably to X tons, with an increase of X% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports surged to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of non-malleable cast iron articles exports from China, with a combined X% share of total exports. Italy, Hong Kong SAR, Russia, Australia, Taiwan (Chinese), Canada, Germany, Spain, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Japan ($X) were the largest markets for non-malleable cast iron articles exported from China worldwide, with a combined X% share of total exports. Italy, Spain, Australia, Russia, Canada, Germany, Hong Kong SAR, the UK, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Hong Kong SAR ($X 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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into China

In 2022, approx. X tons of articles of non-malleable cast iron were imported into China; which is down by X% on the previous year's figure. Over the period under review, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-malleable cast iron articles imports reduced to $X in 2022. Overall, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of non-malleable cast iron articles imports to China, with a combined X% share of total imports. Japan, India, Taiwan (Chinese), Spain and Kazakhstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of articles of non-malleable cast iron to China, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The average non-malleable cast iron articles import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :