ASEAN: Market for Articles Of Non-Malleable Cast Iron 2025

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

The ASEAN non-malleable cast iron articles market declined to $X in 2022, with a decrease of -5.7% against the previous year. Over the period under review, consumption showed a perceptible shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Non-Malleable Cast Iron in ASEAN

In value terms, non-malleable cast iron articles production fell slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 21%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in ASEAN

Non-malleable cast iron articles exports skyrocketed to X tons in 2022, growing by 87% compared with 2021 figures. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 150%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, non-malleable cast iron articles exports contracted to $X in 2022. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 67% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Myanmar represented the major exporter of articles of non-malleable cast iron in ASEAN, with the volume of exports finishing at X tons, which was approx. 77% of total exports in 2022. It was distantly followed by Vietnam (X tons), mixing up an 18% share of total exports. Singapore (X tons) took a little share of total exports.

Myanmar was also the fastest-growing in terms of the articles of non-malleable cast iron exports, with a CAGR of +102.4% from 2012 to 2022. At the same time, Vietnam (+18.0%) and Singapore (+11.0%) displayed positive paces of growth. From 2012 to 2022, the share of Myanmar increased by +76 percentage points.

In value terms, the largest non-malleable cast iron articles supplying countries in ASEAN were Vietnam ($X), Myanmar ($X) and Singapore ($X), with a combined 74% share of total exports.

In terms of the main exporting countries, Myanmar, with a CAGR of +56.0%, recorded the highest growth rate of 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

In 2022, the export price in ASEAN amounted to $X per ton, reducing by -49.7% against the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2020 when the export price increased by 5.9% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in ASEAN

In 2022, imports of articles of non-malleable cast iron in ASEAN contracted modestly to X tons, stabilizing at the previous year's figure. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.2% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 57%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced slightly in the following year.

In value terms, non-malleable cast iron articles imports rose rapidly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 40%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Indonesia (X tons), Vietnam (X tons), Thailand (X tons), Malaysia (X tons), the Philippines (X tons) and Singapore (X tons) represented the key importer of articles of non-malleable cast iron in ASEAN, generating 90% of total import. It was distantly followed by Brunei Darussalam (X tons), making up a 4.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-malleable cast iron articles importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Thailand ($X), together comprising 60% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +33.1%, saw the highest rates of growth with regard to 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 2022, the import price in ASEAN amounted to $X per ton, surging by 6.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 10% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform