Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary (CIF) - 2022
The average import price for tube or pipe butt welding fittings of stainless steels stood at $16,114 per ton in 2022, growing by 23% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($22,025 per ton), while the price for Romania ($8,589 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), 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 Hungary (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $13,804 per ton in 2022, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2021 an increase of 19%. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($14,568 per ton), while the average price for exports to Austria ($6,818 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 Bulgaria (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary
In 2022, purchases abroad of tube or pipe butt welding fittings of stainless steels decreased by -30.6% to 339 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 38%. As a result, imports reached the peak of 570 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tube or pipe butt welding fittings of stainless steels fell to $5.5M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 36%.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,919 | 2,563 | 2,542 | 2,589 | 10.5% |
| Netherlands | 216 | 834 | 441 | 668 | 45.7% |
| Italy | 491 | 783 | 688 | 662 | 10.5% |
| France | 246 | 230 | 340 | 416 | 19.1% |
| Slovakia | 132 | 281 | 220 | 200 | 14.9% |
| Czech Republic | 56.5 | 86.8 | 136 | 163 | 42.4% |
| Romania | 940 | 759 | 1,319 | 141 | -46.9% |
| Austria | 280 | 132 | 292 | 103 | -28.3% |
| Poland | 60.3 | 195 | 136 | 100 | 18.4% |
| Others | 322 | 462 | 307 | 422 | 9.4% |
| Total | 4,661 | 6,326 | 6,422 | 5,463 | 5.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Hungary in 2022:
- Germany (117.5 tons)
- Italy (76.6 tons)
- Netherlands (34.4 tons)
- France (29.4 tons)
- Romania (16.4 tons)
- Slovakia (11.2 tons)
- Czech Republic (10.2 tons)
- Austria (9.1 tons)
- Poland (8.4 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary
For the fourth year in a row, Hungary recorded growth in shipments abroad of tube or pipe butt welding fittings of stainless steels, which increased by 23% to 260 tons in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 +53.5% against 2019 indices. 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 skyrocketed to $3.6M in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.3 | 1.7 | 2.5 | 3.4 | 37.8% |
| Austria | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 1.5 | 1.9 | 2.7 | 3.6 | 33.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Hungary in 2022:
- Germany (246.3 tons)
- Austria (9.4 tons)
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