Republic of Korea: 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 Republic of Korea

The revenue of the market for tube or pipe fittings of non-malleable cast iron in South Korea amounted to $X in 2018, growing by X% against the previous year. In general, consumption of tube or pipe fittings of non-malleable cast iron continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Over the period under review, the market for non-malleable cast iron pipe fittings reached its maximum level at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Production of Tube Or Pipe Fittings Of Non-Malleable Cast Iron in Republic of Korea

In value terms, production of tube or pipe fittings of non-malleable cast iron amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated notable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production of tube or pipe fittings of non-malleable cast iron decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2014 when production volume increased by X% y-o-y. Over the period under review, production of tube or pipe fittings of non-malleable cast iron reached its maximum level at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Exports from Republic of Korea

In 2018, approx. X tons of tube or pipe fittings of non-malleable cast iron were exported from South Korea; coming down by -X% against the previous year. Over the period under review, exports of tube or pipe fittings of non-malleable cast iron continue to indicate an abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Over the period under review, exports of tube or pipe fittings of non-malleable cast iron reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, exports of tube or pipe fittings of non-malleable cast iron amounted to $X in 2018. Over the period under review, exports of tube or pipe fittings of non-malleable cast iron continue to indicate an abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports of tube or pipe fittings of non-malleable cast iron attained their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Libya (X tons) was the main destination for exports of tube or pipe fittings of non-malleable cast iron from South Korea, with a X% share of total exports. Moreover, exports of tube or pipe fittings of non-malleable cast iron to Libya exceeded the volume sent to the second major destination, the U.S. (X tons), fivefold. The third position in this ranking was occupied by Qatar (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Libya amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Qatar (-X% per year).

In value terms, Japan ($X), Libya ($X) and China ($X) appeared to be the largest markets for non-malleable cast iron pipe fittings exported from South Korea worldwide, with a combined X% share of total exports. These countries were followed by Saudi Arabia, the U.S., Qatar, the Philippines, Israel, Egypt and Yemen, which together accounted for a further X the main countries of destination, the U.S. (+X% per year) recorded the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tube or pipe fittings of non-malleable cast iron stood at $X per ton in 2018, standing approx. at the previous year. Over the period under review, the export price indicated a temperate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, export price for tube or pipe fittings of non-malleable cast iron decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. In that year, the average export prices for tube or pipe fittings of non-malleable cast iron reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the average export prices for tube or pipe fittings of non-malleable cast iron failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Egypt, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Imports into Republic of Korea

In 2018, the amount of tube or pipe fittings of non-malleable cast iron imported into South Korea stood at X tons, declining by -X% against the previous year. Over the period under review, imports of tube or pipe fittings of non-malleable cast iron continue to indicate an abrupt shrinkage. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. In that year, imports of tube or pipe fittings of non-malleable cast iron attained their peak of X tons. From 2009 to 2018, the growth of imports of tube or pipe fittings of non-malleable cast iron failed to regain its momentum.

In value terms, imports of tube or pipe fittings of non-malleable cast iron stood at $X in 2018. Overall, imports of tube or pipe fittings of non-malleable cast iron continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. In that year, imports of tube or pipe fittings of non-malleable cast iron reached their peak of $X. From 2009 to 2018, the growth of imports of tube or pipe fittings of non-malleable cast iron failed to regain its momentum.

Imports by Country

In 2018, China (X tons) constituted the largest supplier of non-malleable cast iron pipe fittings to South Korea, with a X% share of total imports. Moreover, imports of tube or pipe fittings of non-malleable cast iron from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), more than tenfold. The U.S. (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+X% per year) and the U.S. (-X% per year).

In value terms, China ($X) constituted the largest supplier of non-malleable cast iron pipe fittings to South Korea, comprising X% of total imports of tube or pipe fittings of non-malleable cast iron. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Indonesia (-X% per year).

Import Prices by Country

In 2018, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price for tube or pipe fittings of non-malleable cast iron continues to indicate resilient growth. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The import price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform