Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in China - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in China (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in China (CIF) - 2024
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in China
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in China
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in China (FOB) - 2024
In May 2024, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $8,666 per ton, falling by -10.4% against the previous month. Over the period under review, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 42% against the previous month. As a result, the export price reached the peak level of $12,047 per ton. From December 2023 to May 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($24,144 per ton), while the average price for exports to South Korea ($5,763 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in China (CIF) - 2024
The average import price for tube or pipe butt welding fittings of stainless steels stood at $102K per ton in May 2024, increasing by 21% against the previous month. Over the period under review, the import price continues to indicate a tangible expansion. The pace of growth was the most pronounced in February 2024 an increase of 140% against the previous month. The import price peaked at $119K per ton in March 2024; however, from April 2024 to May 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($375K per ton), while the price for Romania ($16,217 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Brazil (+120.4%), 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 China
In 2022, the amount of tube or pipe butt welding fittings of stainless steels exported from China skyrocketed to 24K tons, rising by 16% compared with the year before. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of tube or pipe butt welding fittings of stainless steels soared to $272M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.5 | 10.9 | 21.0 | 30.4 | 34.5% |
| United States | 13.4 | 12.6 | 11.4 | 18.4 | 11.1% |
| Indonesia | 4.0 | 3.5 | 7.6 | 16.9 | 61.7% |
| Russia | 13.0 | 17.4 | 18.4 | 16.9 | 9.1% |
| Singapore | 5.3 | 5.7 | 7.9 | 16.8 | 46.9% |
| Brazil | 6.5 | 8.7 | 8.2 | 15.0 | 32.1% |
| Malaysia | 14.0 | 6.9 | 7.6 | 11.8 | -5.5% |
| Germany | 3.6 | 4.8 | 5.3 | 10.4 | 42.4% |
| Mexico | 5.8 | 4.2 | 5.8 | 9.3 | 17.0% |
| Thailand | 4.8 | 9.9 | 7.9 | 8.9 | 22.9% |
| Netherlands | 5.0 | 4.6 | 4.1 | 8.3 | 18.4% |
| Canada | 5.4 | 5.0 | 5.2 | 7.7 | 12.6% |
| Turkey | 1.9 | 2.3 | 1.9 | 6.3 | 49.1% |
| Others | 77.7 | 116 | 80.3 | 94.6 | 6.8% |
| Total | 173 | 212 | 193 | 272 | 16.3% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from China in 2022:
- Russia (1.9K tons)
- Indonesia (1.8K tons)
- Brazil (1.6K tons)
- Singapore (1.3K tons)
- Japan (1.3K tons)
- United States (1.1K tons)
- Malaysia (1.1K tons)
- Mexico (1.0K tons)
- Germany (1.0K tons)
- Thailand (0.9K tons)
- Canada (0.8K tons)
- Netherlands (0.7K tons)
- Turkey (0.7K tons)
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in China
In 2022, purchases abroad of tube or pipe butt welding fittings of stainless steels decreased by -69.3% to 1.2K tons, falling for the second year in a row after two years of growth. In general, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 97%. As a result, imports attained the peak of 5.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tube or pipe butt welding fittings of stainless steels shrank notably to $65M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 49%.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 28.1 | 39.5 | 42.2 | 28.7 | 0.7% |
| Italy | 5.4 | 18.3 | 20.7 | 10.1 | 23.2% |
| Thailand | 0.8 | 2.0 | 5.0 | 6.1 | 96.8% |
| Taiwan (Chinese) | 1.0 | 1.0 | 4.1 | 5.0 | 71.0% |
| Germany | 1.6 | 1.5 | 4.4 | 4.7 | 43.2% |
| Japan | 3.6 | 1.6 | 1.8 | 2.4 | -12.6% |
| India | 0.2 | 0.2 | 0.5 | 0.8 | 58.7% |
| Austria | 0.1 | 0.5 | N/A | 0.8 | 100.0% |
| Switzerland | 0.3 | 0.3 | 0.2 | 0.8 | 38.7% |
| Others | 5.2 | 4.2 | 6.3 | 6.0 | 4.9% |
| Total | 46.4 | 69.2 | 85.2 | 65.4 | 12.1% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to China in 2022:
- Italy (463.3 tons)
- South Korea (281.5 tons)
- Thailand (99.0 tons)
- Germany (94.5 tons)
- Taiwan (Chinese) (52.1 tons)
- Switzerland (41.4 tons)
- India (39.2 tons)
- Austria (35.4 tons)
- Japan (30.2 tons)
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