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

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

The Southeast Asian non-malleable cast iron articles market shrank to $X in 2022, falling by -5.7% against the previous year. In general, consumption recorded a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, non-malleable cast iron articles production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in South-Eastern Asia

In 2022, the amount of articles of non-malleable cast iron exported in South-Eastern Asia surged to X tons, growing by 87% against the year before. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 150%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, non-malleable cast iron articles exports fell to $X in 2022. In general, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 67%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Myanmar (X tons) represented the major exporter of articles of non-malleable cast iron, committing 77% of total exports. It was distantly followed by Vietnam (X tons), making up an 18% share of total exports. Singapore (X tons) followed a long way behind the leaders.

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, Vietnam ($X), Myanmar ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, 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 rates of growth with regard to 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 South-Eastern Asia amounted to $X per ton, declining by -49.7% against the previous year. In general, the export price showed a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 5.8% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 South-Eastern Asia

Non-malleable cast iron articles imports dropped slightly to X tons in 2022, remaining stable against the previous year's figure. Total imports indicated a strong expansion 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 most prominent rate of growth was recorded in 2013 when imports increased by 57% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, non-malleable cast iron articles imports expanded rapidly to $X in 2022. Total imports indicated resilient growth 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 most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

The purchases of the six major importers of articles of non-malleable cast iron, namely Indonesia, Vietnam, Thailand, Malaysia, the Philippines and Singapore, represented more than two-thirds of total import. It was distantly followed by Brunei Darussalam (X tons), mixing up a 4.8% 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 Vietnam (with a CAGR of +32.5%), while imports for the other leaders experienced more modest paces of growth.

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

Vietnam, with a CAGR of +33.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 South-Eastern Asia stood at $X per ton in 2022, picking up by 6.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 10% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 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

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