Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India - 2023

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India (CIF) - 2022
2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India (FOB) - 2022
3. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India
4. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India (CIF) - 2022

The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $4.8 per unit in 2022, which is down by -19.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 39%. The import price peaked at $14 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($14 per unit), while the price for Turkey ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India (FOB) - 2022

The average export price for non-electric iron or steel central heating radiators other than of cast iron stood at $9.8 per unit in 2022, waning by -17% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 when the average export price increased by 58%. The export price peaked at $12 per unit in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($28 per unit), while the average price for exports to Nigeria ($2.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India

For the fourth consecutive year, India recorded growth in supplies from abroad of non-electric iron or steel central heating radiators other than of cast iron, which increased by 14% to 650K units in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron declined to $3.1M in 2022. Over the period under review, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports reached the peak of $3.4M, and then shrank in the following year.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to India in 2022:

1. China (329.9K units)
2. Turkey (274.3K units)
3. Japan (19.0K units)
4. United States (11.2K units)

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in India

After two years of decline, overseas shipments of non-electric iron or steel central heating radiators other than of cast iron increased by 182% to 64K units in 2022. Over the period under review, exports, however, saw a pronounced curtailment. The exports peaked at 70K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron skyrocketed to $628K in 2022. In general, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from India in 2022:

1. Uzbekistan (20.2K units)
2. Taiwan (Chinese) (12.5K units)
3. Tanzania (8.2K units)
4. Ghana (7.7K units)
5. Nigeria (4.8K units)
6. Singapore (2.1K units)
7. Belgium (1.9K units)
8. Nepal (0.6K units)
9. South Africa (0.3K units)

Source: IndexBox Market Intelligence Platform