Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in India - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in India (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in India (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in India
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in India
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in India (FOB) - 2024
In March 2024, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $17,268 per ton, growing by 58% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $18,638 per ton in July 2023; however, from August 2023 to March 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($32,589 per ton), while the average price for exports to Nigeria ($3,156 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in India (CIF) - 2022
The average import price for tube or pipe butt welding fittings of stainless steels stood at $12,875 per ton in 2022, jumping by 24% against the previous year. Over the period under review, the import price saw a strong increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 84%. The import price peaked at $13,425 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($72,731 per ton), while the price for the United Arab Emirates ($3,965 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.6%), 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 India
After two years of decline, shipments abroad of tube or pipe butt welding fittings of stainless steels increased by 50% to 1.6K tons in 2022. Overall, exports, however, continue to indicate a abrupt decline.
In value terms, exports of tube or pipe butt welding fittings of stainless steels surged to $16M in 2022. In general, exports continue to indicate prominent growth. 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 India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,118 | 2,327 | 930 | 3,329 | 16.3% |
| United Arab Emirates | 415 | 685 | 677 | 1,408 | 50.3% |
| Saudi Arabia | 592 | 263 | 533 | 1,204 | 26.7% |
| Italy | 232 | 247 | 568 | 1,060 | 65.9% |
| Philippines | 223 | 34.5 | 69.4 | 916 | 60.2% |
| Singapore | 101 | 45.1 | 159 | 885 | 106.2% |
| Oman | 199 | 157 | 78.8 | 723 | 53.7% |
| Germany | 13.6 | 40.5 | 222 | 718 | 275.1% |
| Nigeria | 3,975 | 4,482 | 1,947 | 515 | -49.4% |
| Mexico | 62.8 | 11.7 | 121 | 345 | 76.4% |
| Spain | 90.4 | 166 | 58.6 | 321 | 52.6% |
| Netherlands | 74.6 | 37.6 | 24.0 | 269 | 53.3% |
| Tanzania | 15.1 | 7.4 | 66.1 | 269 | 161.2% |
| Others | 1,584 | 1,464 | 1,772 | 3,904 | 35.1% |
| Total | 9,695 | 9,967 | 7,227 | 15,865 | 17.8% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from India in 2022:
- United States (244.0 tons)
- United Arab Emirates (227.5 tons)
- Oman (161.8 tons)
- Germany (121.0 tons)
- Nigeria (99.0 tons)
- Philippines (90.9 tons)
- Italy (88.0 tons)
- Singapore (60.5 tons)
- Mexico (58.7 tons)
- Tanzania (51.7 tons)
- Netherlands (38.6 tons)
- Spain (36.2 tons)
- Saudi Arabia (31.9 tons)
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in India
In 2022, supplies from abroad of tube or pipe butt welding fittings of stainless steels decreased by -18.2% to 717 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, imports attained the peak of 1.1K 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 reached $9.2M in 2022. Over the period under review, imports, however, posted buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 107%. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 7.3 | 3.1 | 2.5 | -5.9% |
| Thailand | 0.6 | 0.7 | 1.2 | 1.9 | 46.8% |
| South Korea | 0.6 | 1.0 | 1.2 | 1.1 | 22.4% |
| Germany | 0.8 | 0.7 | 0.9 | 1.0 | 7.7% |
| Italy | 0.4 | 0.4 | 1.0 | 0.9 | 31.0% |
| United Arab Emirates | 0.1 | 0.5 | 0.1 | 0.5 | 71.0% |
| Denmark | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| United Kingdom | N/A | 0.3 | 0.4 | N/A | 33.3% |
| Others | 0.7 | 2.4 | 1.1 | 1.3 | 22.9% |
| Total | 6.5 | 13.4 | 9.1 | 9.2 | 12.3% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to India in 2022:
- China (411.5 tons)
- United Arab Emirates (115.1 tons)
- Thailand (73.8 tons)
- South Korea (31.6 tons)
- Italy (26.6 tons)
- Germany (13.2 tons)
- Denmark (12.8 tons)
- United Kingdom (1.7 tons)
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