Eastern Asia: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Eastern Asia

The East Asian non-malleable cast iron articles market fell slightly to $X in 2022, which is down by -3.6% against the previous year. Overall, consumption recorded a pronounced downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Articles Of Non-Malleable Cast Iron in Eastern Asia

In value terms, non-malleable cast iron articles production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a slight decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Eastern Asia

In 2022, exports of articles of non-malleable cast iron in Eastern Asia expanded significantly to X tons, with an increase of 11% on the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports surged to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +77.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of articles of non-malleable cast iron, namely China, represented more than two-thirds of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of articles of non-malleable cast iron. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-malleable cast iron articles supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China amounted to +5.1%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 12% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +81.4% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 26%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.1% per year.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Eastern Asia

In 2022, purchases abroad of articles of non-malleable cast iron increased by 8% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-malleable cast iron articles imports expanded markedly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 18%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Japan (X tons) was the largest importer of articles of non-malleable cast iron, generating 40% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 24% share, followed by Hong Kong SAR (21%), China (8.5%) and Taiwan (Chinese) (5.4%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +36.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported articles of non-malleable cast iron in Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by South Korea, with a 16% share.

In Japan, non-malleable cast iron articles imports decreased by an average annual rate of -3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-1.9% per year) and South Korea (+23.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, falling by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2014 an increase of 23% against the previous year. The level of import peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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