Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria (FOB) - 2024
The average export price for tube or pipe butt welding fittings of stainless steels stood at $19,507 per ton in March 2024, jumping by 52% against the previous month. Over the period under review, export price indicated tangible growth from March 2023 to March 2024: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for tube or pipe butt welding fittings of stainless steels increased by +52.4% against February 2024 indices. The export price peaked at $19,807 per ton in December 2023; however, from January 2024 to March 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Oman ($56,096 per ton), while the average price for exports to Bosnia and Herzegovina ($11,702 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $14,207 per ton, dropping by -5.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 19%. As a result, import price attained the peak level of $21,591 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,237 per ton), while the price for Spain ($6,901 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria
In 2022, exports of tube or pipe butt welding fittings of stainless steels from Austria was estimated at 3.4K tons, with an increase of 15% against 2021 figures. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of tube or pipe butt welding fittings of stainless steels dropped to $39M in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 57% against the previous year. As a result, the exports reached the peak of $40M, and then contracted slightly in the following year.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 3.3 | 10.8 | 17.3 | 16.1 | 69.6% |
| Germany | 5.9 | 4.9 | 7.2 | 9.7 | 18.0% |
| Slovenia | 0.1 | 0.1 | 0.1 | 1.5 | 146.6% |
| Hungary | 0.3 | 0.4 | 0.3 | 0.7 | 32.6% |
| Czech Republic | 1.0 | 0.8 | 0.5 | 0.5 | -20.6% |
| Others | 9.7 | 8.6 | 14.7 | 10.8 | 3.6% |
| Total | 20.4 | 25.5 | 40.1 | 39.2 | 24.3% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Austria in 2022:
- Bosnia and Herzegovina (2586.8 tons)
- Germany (344.5 tons)
- Hungary (68.0 tons)
- Slovenia (52.2 tons)
- Czech Republic (36.5 tons)
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria
In 2022, the amount of tube or pipe butt welding fittings of stainless steels imported into Austria rose notably to 2K tons, surging by 6.1% on 2021. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 51%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of tube or pipe butt welding fittings of stainless steels totaled $28M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.6 | 17.6 | 19.8 | 20.1 | 20.1% |
| Italy | 0.8 | 1.7 | 2.7 | 2.5 | 46.2% |
| Spain | 0.7 | 1.3 | 1.3 | 1.3 | 22.9% |
| France | 0.7 | 0.5 | 0.6 | 0.7 | 0.0% |
| Bosnia and Herzegovina | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Switzerland | 0.6 | 0.7 | 0.8 | 0.4 | -12.6% |
| Czech Republic | 0.1 | 0.6 | 0.8 | 0.1 | 0.0% |
| Others | 1.0 | 1.9 | 1.9 | 2.8 | 40.9% |
| Total | 15.6 | 24.4 | 28.1 | 28.3 | 22.0% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Austria in 2022:
- Germany (1239.1 tons)
- Italy (276.8 tons)
- Spain (194.0 tons)
- France (55.9 tons)
- Bosnia and Herzegovina (43.5 tons)
- Switzerland (29.2 tons)
- Czech Republic (8.4 tons)
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