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Jun 12, 2025

Global Non-Malleable Cast Iron Market to Grow at a CAGR of +1.1% from 2024 to 2035, Reaching $13.2B by the End of 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: World - Articles Of Non-Malleable Cast Iron - Market

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IndexBox has just published a new report: World - Articles Of Non-Malleable Cast Iron - Market Analysis, Forecast, Size, Trends And Insights.

The global market for non-malleable cast iron articles is anticipated to experience a steady rise in demand, leading to a forecasted increase in market volume to 5.6M tons and market value to $13.2B by the end of 2035. With an expected CAGR of +1.1% for volume and +1.7% for value from 2024 to 2035, the market shows promising growth potential.

Driven by rising demand for non-malleable cast iron articles worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 5.6M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $13.2B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 4.9M tons of articles of non-malleable cast iron were consumed worldwide; dropping by -2.2% against 2023 figures. Overall, consumption continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 8.5%. As a result, consumption reached the peak volume of 6.2M tons. From 2018 to 2024, the growth of the global consumption remained at a somewhat lower figure.

The global non-malleable cast iron articles market revenue fell slightly to $10.9B in 2024, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 4.4% against the previous year. Over the period under review, the global market reached the maximum level at $12.3B in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

China (1.3M tons) remains the largest non-malleable cast iron articles consuming country worldwide, accounting for 27% of total volume. Moreover, non-malleable cast iron articles consumption in China exceeded the figures recorded by the second-largest consumer, the United States (574K tons), twofold. India (521K tons) ranked third in terms of total consumption with an 11% share.

From 2013 to 2024, the average annual growth rate of volume in China totaled -3.0%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+1.1% per year) and India (-0.0% per year).

In value terms, the largest non-malleable cast iron articles markets worldwide were China ($2.3B), the United States ($1.9B) and India ($972M), together accounting for 48% of the global market. Italy, Mexico, Germany, Brazil, Pakistan, the UK and Turkey lagged somewhat behind, together accounting for a further 21%.

Italy, with a CAGR of +12.9%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced mixed trends in the market figures.

In 2024, the highest levels of non-malleable cast iron articles per capita consumption was registered in Italy (3.8 kg per person), followed by the UK (1.9 kg per person), Germany (1.8 kg per person) and the United States (1.7 kg per person), while the world average per capita consumption of non-malleable cast iron articles was estimated at 0.6 kg per person.

From 2013 to 2024, the average annual rate of growth in terms of the non-malleable cast iron articles per capita consumption in Italy stood at +7.7%. In the other countries, the average annual rates were as follows: the UK (-1.4% per year) and Germany (-1.7% per year).

In 2024, the amount of articles of non-malleable cast iron produced worldwide dropped slightly to 5.3M tons, shrinking by -3.4% against 2023 figures. In general, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12%. As a result, production attained the peak volume of 6.2M tons. From 2018 to 2024, global production growth failed to regain momentum.

In value terms, non-malleable cast iron articles production fell slightly to $11.5B in 2024 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8.5%. Global production peaked at $12.4B in 2013; however, from 2014 to 2024, production remained at a lower figure.

China (1.8M tons) constituted the country with the largest volume of non-malleable cast iron articles production, comprising approx. 33% of total volume. Moreover, non-malleable cast iron articles production in China exceeded the figures recorded by the second-largest producer, India (640K tons), threefold. The United States (473K tons) ranked third in terms of total production with an 8.9% share.

From 2013 to 2024, the average annual growth rate of volume in China stood at -2.2%. The remaining producing countries recorded the following average annual rates of production growth: India (+1.1% per year) and the United States (+1.6% per year).

In 2024, supplies from abroad of articles of non-malleable cast iron decreased by -9.5% to 907K tons, falling for the second consecutive year after two years of growth. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Global imports peaked at 1.4M tons in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports declined to $2B in 2024. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, global imports hit record highs at $2.8B in 2013; however, from 2014 to 2024, imports failed to regain momentum.

In 2024, the United States (122K tons), Italy (88K tons), Germany (59K tons), the Czech Republic (55K tons), France (43K tons), the UK (42K tons), Russia (38K tons), the Netherlands (37K tons) and Canada (36K tons) was the major importer of articles of non-malleable cast iron in the world, achieving 57% of total import. Austria (33K tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of +2.9%), while imports for the other global leaders experienced mixed trends in the imports figures.

In value terms, the United States ($226M), Germany ($173M) and Italy ($148M) were the countries with the highest levels of imports in 2024, together comprising 27% of global imports. The Czech Republic, the UK, France, the Netherlands, Canada, Austria and Russia lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, the Netherlands, with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

In 2024, the average non-malleable cast iron articles import price amounted to $2,249 per ton, which is down by -4.7% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $2,361 per ton in 2023, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Germany ($2,911 per ton), while Russia ($1,318 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the other global leaders experienced more modest paces of growth.

In 2024, shipments abroad of articles of non-malleable cast iron decreased by -11.7% to 1.3M tons, falling for the second consecutive year after two years of growth. In general, exports showed a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. The global exports peaked at 1.6M tons in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles exports declined significantly to $2.7B in 2024. Overall, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. Over the period under review, the global exports attained the peak figure at $3.6B in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

China was the key exporter of articles of non-malleable cast iron in the world, with the volume of exports recording 417K tons, which was near 33% of total exports in 2024. It was distantly followed by France (123K tons), India (122K tons), the Czech Republic (112K tons) and Germany (65K tons), together constituting a 33% share of total exports. Turkey (55K tons), Denmark (47K tons), Poland (47K tons), the UK (39K tons) and Spain (28K tons) followed a long way behind the leaders.

From 2013 to 2024, average annual rates of growth with regard to non-malleable cast iron articles exports from China stood at +1.0%. At the same time, France (+14.6%), India (+9.0%), the UK (+2.3%) and Turkey (+1.2%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.6% from 2013-2024. Denmark experienced a relatively flat trend pattern. By contrast, the Czech Republic (-3.1%), Poland (-5.3%), Spain (-8.3%) and Germany (-9.4%) illustrated a downward trend over the same period. France (+7.8 p.p.), China (+7.4 p.p.) and India (+6.4 p.p.) significantly strengthened its position in terms of the global exports, while the Czech Republic, Poland, Spain and Germany saw its share reduced by -2%, -2.1%, -2.7% and -8.1% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($634M) remains the largest non-malleable cast iron articles supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by the Czech Republic ($237M), with an 8.9% share of global exports. It was followed by France, with an 8.7% share.

From 2013 to 2024, the average annual growth rate of value in China stood at +2.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-2.5% per year) and France (+13.8% per year).

In 2024, the average non-malleable cast iron articles export price amounted to $2,106 per ton, with a decrease of -7.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 15%. The global export price peaked at $2,267 per ton in 2023, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($3,527 per ton), while India ($1,438 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for non-malleable cast iron articles. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles