Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $15,858 per ton, increasing by 10% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe butt welding fittings of stainless steels increased by +28.4% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($15,858 per ton) and Italy ($15,858 per ton), while the price for the UK ($15,857 per ton) and Thailand ($15,857 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $11,642 per ton, picking up by 13% against the previous year. In general, the export price posted a temperate increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 75%. The export price peaked at $16,078 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($37,501 per ton), while the average price for exports to Indonesia ($7,029 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+78.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of tube or pipe butt welding fittings of stainless steels, when their volume decreased by -11.9% to 994 tons. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of 1.1K tons, and then fell in the following year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels shrank slightly to $16M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports reached the peak of $16M, and then shrank slightly in the following year.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 5.6 | 8.6 | 7.6 | 15.0% |
| New Zealand | 2.8 | 3.1 | 4.8 | 4.8 | 19.7% |
| Taiwan (Chinese) | 1.3 | 1.0 | 0.8 | 0.6 | -22.7% |
| South Korea | 0.2 | 0.5 | 0.4 | 0.6 | 44.2% |
| Germany | 0.1 | 0.4 | 0.2 | 0.4 | 58.7% |
| Thailand | 0.4 | 0.3 | 0.2 | 0.4 | 0.0% |
| Italy | 0.3 | 0.5 | 0.2 | 0.3 | 0.0% |
| United Kingdom | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.6 | 0.8 | 0.8 | 0.9 | 14.5% |
| Total | 10.8 | 12.4 | 16.2 | 15.8 | 13.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Australia in 2022:
- China (477.9 tons)
- New Zealand (303.6 tons)
- Taiwan (Chinese) (40.8 tons)
- South Korea (35.4 tons)
- Germany (24.0 tons)
- Thailand (23.7 tons)
- Italy (17.4 tons)
- United Kingdom (15.4 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia
In 2022, the amount of tube or pipe butt welding fittings of stainless steels exported from Australia shrank sharply to 33 tons, reducing by -16.5% against the previous year. Over the period under review, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 57%.
In value terms, exports of tube or pipe butt welding fittings of stainless steels contracted to $388K in 2022. Overall, exports saw a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 0.2% against the previous year.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 167 | 153 | 228 | 192 | 4.8% |
| Papua New Guinea | 2.9 | 5.6 | 10.8 | 48.6 | 155.9% |
| New Caledonia | 0.1 | 107 | 35.6 | 46.6 | 675.3% |
| Philippines | 85.8 | 97.0 | 102 | 40.0 | -22.5% |
| Sweden | N/A | N/A | 2.1 | 25.4 | 1109.5% |
| Fiji | 7.6 | N/A | N/A | 5.8 | -8.6% |
| Indonesia | 22.2 | N/A | 1.5 | 4.8 | -40.0% |
| Vietnam | 21.6 | 25.9 | N/A | 3.0 | -48.2% |
| Taiwan (Chinese) | 18.3 | N/A | N/A | N/A | 0% |
| Brazil | 834 | N/A | N/A | N/A | 0% |
| Others | 44.3 | 19.9 | 29.5 | 21.5 | -21.4% |
| Total | 1,204 | 409 | 409 | 388 | -31.4% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Australia in 2022:
- New Zealand (19.0 tons)
- Papua New Guinea (6.1 tons)
- Sweden (2.3 tons)
- New Caledonia (1.6 tons)
- Philippines (1.1 tons)
- Indonesia (0.7 tons)
- Fiji (0.6 tons)
- Vietnam (0.3 tons)
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