Asia-Pacific: 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-Pacific

In 2019, the Asia-Pacific market for tube or pipe fittings of non-malleable cast iron increased by X% to $X, rising for the fourth year in a row after two 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. The level of consumption peaked in 2019 and is expected to retain growth in years to come.

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

In value terms, non-malleable cast iron pipe fittings production amounted to $X in 2019 estimated in export prices. The total production indicated a perceptible expansion from 2007 to 2019: its value 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, production increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The level of production peaked in 2019 and is expected to retain growth in the near future.

Production By Country in Asia-Pacific

China (X tons) remains the largest non-malleable cast iron pipe fittings producing country in Asia-Pacific, 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-Pacific

In 2019, overseas shipments of tube or pipe fittings of non-malleable cast iron increased by X% to X tons, rising for the tenth consecutive year after two years of decline. Total exports indicated tangible growth from 2007 to 2019: its volume 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, exports increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, non-malleable cast iron pipe fittings exports expanded markedly to $X in 2019. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. The level of export peaked in 2019 and is likely to see gradual growth in years to come.

Exports by Country

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

In China, non-malleable cast iron pipe fittings exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the export price for tube or pipe fittings of non-malleable cast iron in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, export prices reached the peak figure in 2019 and is likely to see steady growth in the immediate term.

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

In 2019, the amount of tube or pipe fittings of non-malleable cast iron imported in Asia-Pacific expanded to X tons, growing by X% compared with the year before. 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 in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. 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 significantly to $X in 2019. Total imports indicated buoyant growth from 2007 to 2019: its value 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, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, Taiwan, Chinese (X tons) and Japan (X tons) were the key importers of tube or pipe fittings of non-malleable cast iron in Asia-Pacific, together recording approx. X% of total imports. Singapore (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Malaysia (X%), China, Hong Kong SAR (X%) and the Philippines (X%). Sri Lanka (X tons), Vietnam (X tons), Bangladesh (X tons), Pakistan (X tons), China (X tons) and New Zealand (X tons) occupied a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Sri Lanka, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-malleable cast iron pipe fittings importing markets in Asia-Pacific were Japan ($X), Taiwan, Chinese ($X) and China ($X), together accounting for X% of total imports. Singapore, Malaysia, Sri Lanka, the Philippines, China, Hong Kong SAR, Vietnam, Bangladesh, New Zealand and Pakistan lagged somewhat behind, together accounting for a further X 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

The import price for tube or pipe fittings of non-malleable cast iron in Asia-Pacific stood at $X per ton in 2019, growing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. The level of import peaked in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Pakistan ($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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