Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada (CIF) - 2024
In March 2024, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $20,119 per ton, rising by 96% against the previous month. In general, the import price, however, saw a mild setback. The import price peaked at $24,953 per ton in March 2023; however, from April 2023 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($119K per ton), while the price for Taiwan (Chinese) ($5,582 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $19,948 per ton in 2022, which is down by -3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 23%. The export price peaked at $21,787 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($19,948 per ton), while the average price for exports to the Dominican Republic stood at $19,948 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.9%).
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada
In 2022, approx. 3.3K tons of tube or pipe butt welding fittings of stainless steels were imported into Canada; growing by 15% on the previous year's figure. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% 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 +65.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of tube or pipe butt welding fittings of stainless steels skyrocketed to $41M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +77.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 5.9 | 7.7 | 11.0 | 30.1% |
| South Korea | 1.7 | 3.7 | 7.8 | 9.5 | 77.5% |
| United States | 7.1 | 5.7 | 5.4 | 7.3 | 0.9% |
| Malaysia | 1.9 | 1.3 | 2.1 | 5.4 | 41.6% |
| Taiwan (Chinese) | 4.4 | 3.1 | 3.7 | 4.4 | 0.0% |
| Others | 5.6 | 3.3 | 5.0 | 3.3 | -16.2% |
| Total | 25.8 | 23.0 | 31.6 | 40.8 | 16.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Canada in 2022:
- China (1050.7 tons)
- Taiwan (Chinese) (691.0 tons)
- Malaysia (675.8 tons)
- South Korea (434.3 tons)
- United States (345.8 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada
In 2022, overseas shipments of tube or pipe butt welding fittings of stainless steels were finally on the rise to reach 908 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe butt welding fittings of stainless steels surged to $18M in 2022. In general, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.8 | 7.9 | 8.9 | 13.2 | 10.4% |
| Dominican Republic | 0.1 | N/A | 0.8 | 3.9 | 239.1% |
| Others | 1.1 | 0.9 | 0.9 | 0.9 | -6.5% |
| Total | 11.0 | 8.7 | 10.6 | 18.1 | 18.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Canada in 2022:
- United States (664.1 tons)
- Dominican Republic (196.7 tons)
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