Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR (CIF) - 2022
The average import price for tube or pipe butt welding fittings of stainless steels stood at $19,049 per ton in 2022, shrinking by -4.8% against the previous year. In general, the import price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 713%. As a result, import price reached the peak level of $31,149 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($107,594 per ton), while the price for Japan ($11,285 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.2%), 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 Hong Kong SAR (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $17,961 per ton in 2022, declining by -23.5% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe butt welding fittings of stainless steels decreased by -38.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 40%. As a result, the export price reached the peak level of $29,340 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($69,549 per ton), while the average price for exports to China ($15,473 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 Japan (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR
After three years of growth, overseas purchases of tube or pipe butt welding fittings of stainless steels decreased by -74.5% to 70 tons in 2022. In general, imports, however, recorded modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 157% against the previous year. As a result, imports reached the peak of 273 tons, and then dropped sharply in the following year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels reduced dramatically to $1.3M in 2022. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 236%. As a result, imports attained the peak of $5.5M, and then shrank rapidly in the following year.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 714 | 1,384 | 4,035 | 612 | -5.0% |
| South Korea | 30.3 | 65.7 | 305 | 335 | 122.8% |
| Japan | 7.9 | 0.1 | 271 | 321 | 243.8% |
| Others | 39.3 | 180 | 855 | 60.6 | 15.5% |
| Total | 791 | 1,629 | 5,466 | 1,328 | 18.9% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Hong Kong SAR in 2022:
- China (28.6 tons)
- Japan (28.4 tons)
- South Korea (12.1 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR
Exports of tube or pipe butt welding fittings of stainless steels from Hong Kong SAR soared to 35 tons in 2022, growing by 27% compared with 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 278% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tube or pipe butt welding fittings of stainless steels dropped to $629K in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 239%. As a result, the exports attained the peak of $645K, and then shrank in the following year.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 157 | 629 | 515 | 37.5% |
| United States | 2.3 | 15.2 | 9.7 | 33.9 | 145.2% |
| Others | 25.6 | 18.1 | 5.9 | 79.8 | 46.1% |
| Total | 225 | 190 | 645 | 629 | 40.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Hong Kong SAR in 2022:
- China (33.3 tons)
- United States (1.1 tons)
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