Southern Asia: 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 Southern Asia

In 2019, the South Asian market for tube or pipe fittings of non-malleable cast iron increased by X% to $X, rising for the fourth consecutive year 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 in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. The level of consumption peaked in 2019 and is likely to see steady growth in the immediate term.

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

In value terms, non-malleable cast iron pipe fittings production expanded to $X in 2019 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2019 and is likely to continue growth in years to come.

Production By Country in Southern Asia

India (X tons) remains the largest non-malleable cast iron pipe fittings producing country in Southern Asia, comprising approx. X% of total volume. Moreover, non-malleable cast iron pipe fittings production in India exceeded the figures recorded by the second-largest producer, Afghanistan (X tons), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume in India amounted to +X%.

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

Exports in Southern Asia

In 2019, non-malleable cast iron pipe fittings exports in Southern Asia contracted to X tons, therefore, remained relatively stable against the year before. Overall, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The volume of export peaked at X tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, non-malleable cast iron pipe fittings exports reached $X in 2019. In general, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2019 and are likely to see steady growth in years to come.

Exports by Country

The biggest shipments were from India (X tons), together finishing at X% of total export.

India 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 p.p.) significantly weakened 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, India ($X) also remains the largest non-malleable cast iron pipe fittings supplier in Southern Asia.

In India, non-malleable cast iron pipe fittings exports expanded 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 Southern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a strong expansion. The pace of growth was the most pronounced in 2010 when the export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2011 to 2019, the growth in terms of the export prices remained at a lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for India amounted to +X% per year.

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

Imports in Southern Asia

In 2019, non-malleable cast iron pipe fittings imports in Southern Asia reached X tons, flattening at 2018 figures. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, non-malleable cast iron pipe fittings imports amounted to $X in 2019. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. The level of import peaked in 2019 and is likely to see steady growth in the near future.

Imports by Country

In 2019, Sri Lanka (X tons), Bangladesh (X tons) and Pakistan (X tons) was the key importer of tube or pipe fittings of non-malleable cast iron in Southern Asia, constituting X% of total import. Nepal (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by India (X%). Bhutan (X tons) occupied a little 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 Southern Asia were Sri Lanka ($X), Bangladesh ($X) and India ($X), with a combined X% share of total imports.

In terms of 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 Southern Asia stood at $X per ton in 2019, flattening at the previous year. In general, the import price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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