Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $11,154 per ton, stabilizing at the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 106%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($50,414 per ton), while the price for Malaysia ($2,387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+29.4%), 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 Bangladesh (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $6,752 per ton in 2022, dropping by -4.7% against the previous year. In general, the export price recorded a pronounced decline. The growth pace was the most rapid in 2014 an increase of 57%. Over the period under review, the average export prices hit record highs at $26,996 per ton in 2017; however, from 2018 to 2022, 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 Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -3.5% per year.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh
In 2022, the amount of tube or pipe butt welding fittings of stainless steels imported into Bangladesh dropped remarkably to 58 tons, falling by -68.8% compared with the previous year. Over the period under review, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of 186 tons, and then dropped markedly in the following year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels shrank dramatically to $648K in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, imports attained the peak of $2.1M, and then shrank notably in the following year.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.1 | 34.7 | 709 | 279 | 1307.8% |
| China | 465 | 423 | 589 | 140 | -33.0% |
| Spain | 72.1 | 113 | 139 | 55.3 | -8.5% |
| Malaysia | 54.1 | 81.0 | 95.2 | 34.9 | -13.6% |
| India | 63.0 | 30.9 | 87.7 | 4.1 | -59.8% |
| Poland | 68.7 | N/A | N/A | N/A | 0% |
| Others | 217 | 319 | 444 | 135 | -14.6% |
| Total | 940 | 1,002 | 2,064 | 648 | -11.7% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Bangladesh in 2022:
- China (29.8 tons)
- Malaysia (14.6 tons)
- Russia (9.2 tons)
- Spain (1.1 tons)
- India (0.6 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh
Exports of tube or pipe butt welding fittings of stainless steels from Bangladesh contracted remarkably to 153 kg in 2022, falling by -17.3% against 2021 figures. In general, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 39%.
In value terms, exports of tube or pipe butt welding fittings of stainless steels fell rapidly to $1K in 2022. Overall, exports saw a dramatic descent. The smallest decline of -21.1% was in 2021.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 5.6 | 1.7 | 1.3 | 1.0 | -43.7% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.6 | 1.7 | 1.3 | 1.0 | -43.7% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Bangladesh in 2022:
- Singapore (151.0 kg)
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