Price for Iron or Steel; Cast Articles in China - 2023
Contents:
- Price for Iron or Steel; Cast Articles in China (FOB) - 2023
- Price for Iron or Steel; Cast Articles in China (CIF) - 2022
- Exports of Iron or Steel; Cast Articles in China
- Imports of Iron or Steel; Cast Articles in China
Price for Iron or Steel; Cast Articles in China (FOB) - 2023
In June 2023, the average export price for iron or steel; cast articleses amounted to $1,682 per ton, therefore, remained relatively stable against the previous month. Overall, the export price recorded a perceptible shrinkage. The pace of growth was the most pronounced in March 2023 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,180 per ton in October 2022; however, from November 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Germany ($2,849 per ton), while the average price for exports to Algeria ($1,003 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in China (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $6,141 per ton, rising by 15% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles import price increased by +24.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 145%. The import price peaked at $6,206 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($17,354 per ton), while the price for Brazil ($1,850 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 States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Cast Articles in China
In 2022, the amount of iron or steel; cast articleses exported from China was estimated at 664K tons, with an increase of 12% compared with 2021 figures. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, iron or steel; cast articles exports skyrocketed to $1.4B in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Iron or Steel; Cast Articles in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 103 | 84.3 | 136 | 208 | 26.4% |
| South Korea | 54.5 | 83.4 | 118 | 140 | 37.0% |
| Japan | 82.4 | 72.7 | 94.4 | 103 | 7.7% |
| Australia | 36.6 | 39.3 | 60.9 | 79.8 | 29.7% |
| Italy | 53.9 | 46.8 | 53.7 | 63.0 | 5.3% |
| Spain | 36.0 | 27.7 | 41.2 | 55.5 | 15.5% |
| Germany | 30.1 | 24.5 | 39.8 | 51.9 | 19.9% |
| Canada | 16.3 | 17.4 | 32.5 | 38.7 | 33.4% |
| Russia | 9.4 | 19.0 | 23.4 | 37.2 | 58.2% |
| United Kingdom | 21.9 | 16.7 | 30.7 | 31.3 | 12.6% |
| Mexico | 11.5 | 8.6 | 17.1 | 27.8 | 34.2% |
| Malaysia | 16.0 | 14.4 | 21.7 | 26.1 | 17.7% |
| South Africa | 12.3 | 14.1 | 19.8 | 23.9 | 24.8% |
| Others | 293 | 290 | 419 | 514 | 20.6% |
| Total | 778 | 759 | 1,108 | 1,401 | 21.7% |
Top Export Markets for Iron or Steel; Cast Articles from China in 2022:
- United States (76.1K tons)
- South Korea (44.7K tons)
- Australia (43.9K tons)
- Japan (41.1K tons)
- Italy (32.4K tons)
- Russia (22.8K tons)
- Canada (20.5K tons)
- Germany (20.5K tons)
- Mexico (18.4K tons)
- Spain (18.0K tons)
- South Africa (16.3K tons)
- Malaysia (13.9K tons)
- United Kingdom (12.9K tons)
Imports of Iron or Steel; Cast Articles in China
Iron or steel; cast articles imports into China fell remarkably to 10K tons in 2022, with a decrease of -21% against 2021 figures. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year.
In value terms, iron or steel; cast articles imports shrank to $61M in 2022. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year.
| Import of Iron or Steel; Cast Articles in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.2 | 12.3 | 13.9 | 15.4 | -1.7% |
| Japan | 15.0 | 10.4 | 17.1 | 13.1 | -4.4% |
| United States | 9.1 | 8.1 | 5.4 | 6.3 | -11.5% |
| South Korea | 8.5 | 5.0 | 7.2 | 5.0 | -16.2% |
| Italy | 2.7 | 1.9 | 2.8 | 1.8 | -12.6% |
| India | 1.7 | 1.0 | 1.3 | 1.7 | 0.0% |
| Spain | 1.9 | 2.1 | 1.7 | 1.5 | -7.6% |
| Vietnam | 0.6 | 0.5 | 0.7 | 1.4 | 32.6% |
| Brazil | 0.4 | 1.2 | 2.2 | 0.9 | 31.0% |
| Australia | 1.8 | 1.2 | 0.2 | 0.7 | -27.0% |
| Sweden | 1.8 | 0.7 | 0.7 | 0.4 | -39.4% |
| Taiwan (Chinese) | 7.5 | N/A | N/A | N/A | 0% |
| Others | 9.0 | 15.0 | 14.1 | 13.0 | 13.0% |
| Total | 76.1 | 59.5 | 67.4 | 61.1 | -7.1% |
Top Suppliers of Iron or Steel; Cast Articles to China in 2022:
- Japan (2102.5 tons)
- Germany (1992.9 tons)
- South Korea (1842.8 tons)
- Vietnam (555.4 tons)
- Brazil (478.9 tons)
- India (379.4 tons)
- United States (365.5 tons)
- Spain (195.1 tons)
- Italy (160.9 tons)
- Australia (144.2 tons)
- Sweden (72.7 tons)
329
This report provides an in-depth analysis of the market for non-malleable cast iron articles in China.
369
This report provides an in-depth analysis of the cast metal articles market in China.
422
This report provides an in-depth analysis of the global market for non-malleable cast iron articles.
318
Global Cast Metal Articles Market Report 2018. This report provides an in-depth analysis of the global cast metal articles market.
329
This report provides an in-depth analysis of the market for non-malleable cast iron articles in China.
369
This report provides an in-depth analysis of the cast metal articles market in China.
422
This report provides an in-depth analysis of the global market for non-malleable cast iron articles.
318
Global Cast Metal Articles Market Report 2018. This report provides an in-depth analysis of the global cast metal articles market.
Nothing found. Please try again.
