Eastern Europe: Market for Articles Of Non-Malleable Cast Iron 2024

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

The East European non-malleable cast iron articles market shrank modestly to $X in 2022, waning by -4.5% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, non-malleable cast iron articles production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Eastern Europe

In 2022, overseas shipments of articles of non-malleable cast iron increased by 1.6% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of 7.3%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports stood at $X in 2022. In general, exports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic was the main exporter of articles of non-malleable cast iron in Eastern Europe, with the volume of exports amounting to X tons, which was approx. 49% of total exports in 2022. Poland (X tons) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (10%). Russia (X tons), Bulgaria (X tons), Slovakia (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +0.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the Czech Republic ($X), Poland ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, together comprising 88% of total exports. Bulgaria, Russia, Slovakia and Ukraine lagged somewhat behind, together accounting for a further 8.9%.

Bulgaria, with a CAGR of +2.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.1%), while the other leaders experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Eastern Europe

In 2022, the amount of articles of non-malleable cast iron imported in Eastern Europe shrank to X tons, falling by -3.3% against the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 19% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, non-malleable cast iron articles imports expanded slightly to $X in 2022. In general, imports continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 24%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X tons) and the Czech Republic (X tons) represented roughly 66% of total imports in 2022. Poland (X tons) took the next position in the ranking, distantly followed by Slovakia (X tons) and Belarus (X tons). All these countries together held approx. 25% share of total imports. The following importers - Hungary (X tons) and Ukraine (X tons) - each finished at a 3.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Russia ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 74% share of total imports. Slovakia, Belarus, Hungary and Ukraine lagged somewhat behind, together accounting for a further 20%.

Belarus, with a CAGR of +8.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by 5% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2021 when the import price increased by 6%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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