Southern Asia: Cast Steel Pipe Fittings Market 2020

Cast Steel Pipe Fittings Market Size in Southern Asia

The revenue of the cast steel pipe fittings market in Southern Asia amounted to $X in 2017, increasing by X% against the previous year. The cast steel pipe fittings consumption continues to indicate a prominent growth. The growth pace was the most rapid in 2008, with an increase of X% y-o-y. The level of cast steel pipe fittings consumption peaked of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Cast Steel Pipe Fittings Production in Southern Asia

In 2017, the amount of tube or pipe fittings of cast steel produced in Southern Asia totaled X tons, picking up by X% against the previous year. The cast steel pipe fittings production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. Over the period under review, the cast steel pipe fittings production attained its peak figure volume in 2017, and is likely to see steady growth in the near future.

Cast Steel Pipe Fittings Exports in Southern Asia

In 2017, exports of tube or pipe fittings of cast steel in Southern Asia totaled X tons, coming down by -X% against the previous year. The cast steel pipe fittings exports continue to indicate a prominent growth. The growth pace was the most rapid in 2014, when exports increased by X% y-o-y. Over the period under review, the cast steel pipe fittings exports attained its peak figure volume of X tons in 2016, and then declined slightly in the following year.

In value terms, cast steel pipe fittings exports stood at $X in 2017. The cast steel pipe fittings exports continue to indicate a strong increase. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Cast Steel Pipe Fittings Exports by Country in Southern Asia

India (X tons) represented roughly X% of total exports of tube or pipe fittings of cast steel in 2017.

India was also the fastest growing in terms of the tube or pipe fittings of cast steel exports, with a CAGR of +X% from 2007 to 2017. India (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cast steel pipe fittings supplier in Southern Asia.

From 2007 to 2017, the average annual rate of growth in terms of value in India amounted to +X%.

Cast Steel Pipe Fittings Export Prices by Country in Southern Asia

The cast steel pipe fittings export price in Southern Asia stood at $X per ton in 2017, picking up by X% against the previous year. The cast steel pipe fittings export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. The level of export price peaked of $X per ton in 2010; however, from 2011 to 2017, it failed to regain its momentum.

As there is only one major export destination, the average price level is determined by export prices for India.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year).

Cast Steel Pipe Fittings Imports in Southern Asia

In 2017, cast steel pipe fittings imports in Southern Asia amounted to X tons, falling by -X% against the previous year. The total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cast steel pipe fittings imports decreased by +X% against 2012 indices. The pace of growth was the most pronounced in 2009, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, cast steel pipe fittings imports totaled $X in 2017. The cast steel pipe fittings imports continue to indicate a relatively flat trend pattern. In that year, the cast steel pipe fittings imports reached their peak level of $X. From 2013 to 2017, growth of the cast steel pipe fittings imports failed to regain its momentum.

Cast Steel Pipe Fittings Imports by Country in Southern Asia

In 2017, Bangladesh (X tons) was the major importer for tube or pipe fittings of cast steel, generating X% of total imports. Pakistan (X tons) ranks second in terms of the global imports with a X% share, followed by India (X%), Sri Lanka (X%) and Nepal (X%).

Imports into Bangladesh increased at an average annual rate of +X% from 2007 to 2017. At the same time, Sri Lanka (+X%) and Nepal (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest growing importer in Southern Asia, with a CAGR of +X% from 2007-2017. Pakistan experienced a relatively flat trend pattern. By contrast, India (-X%) illustrated a downward trend over the same period. While the share of India (X%) increased significantly in terms of the global imports from 2007-2017, the share of Nepal (-X%), Sri Lanka (-X%) and Bangladesh (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cast steel pipe fittings markets worldwide were Bangladesh ($X), India ($X) and Pakistan ($X), with a combined X% share of total imports. Sri Lanka and Nepal lagged somewhat behind, together comprising a further X%.

Sri Lanka (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Cast Steel Pipe Fittings Import Prices by Country in Southern Asia

The cast steel pipe fittings import price in Southern Asia stood at $X per ton in 2017, coming up by X% against the previous year. The cast steel pipe fittings import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017, when the import prices increased by X% year-to-year. Over the period under review, the import prices for tube or pipe fittings of cast steel reached its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bangladesh (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform