Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Iraq - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Iraq (CIF) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Iraq
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Iraq (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $11,542 per ton, growing by 33% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe butt welding fittings of stainless steels increased by +87.8% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 72%. As a result, import price attained the peak level of $14,669 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($31,796 per ton), while the price for India ($4,423 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Iraq
In 2022, purchases abroad of tube or pipe butt welding fittings of stainless steels decreased by -17.4% to 174 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% 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 -25.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, imports reached the peak of 234 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 rose notably to $2M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 230 | 108 | 134 | 515 | 30.8% |
| South Korea | 83.9 | 115 | 275 | 485 | 79.5% |
| China | 166 | 822 | 840 | 380 | 31.8% |
| United Arab Emirates | 697 | 133 | 330 | 318 | -23.0% |
| Germany | 90.0 | 5.3 | 26.5 | 120 | 10.1% |
| Italy | 181 | 58.6 | 67.7 | 78.0 | -24.5% |
| India | 59.2 | 28.3 | 7.0 | 6.9 | -51.2% |
| Iran | N/A | 27.9 | N/A | N/A | 0% |
| Others | 200 | 137 | 138 | 102 | -20.1% |
| Total | 1,707 | 1,435 | 1,819 | 2,004 | 5.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Iraq in 2022:
- Turkey (60.7 tons)
- United Arab Emirates (37.9 tons)
- China (32.8 tons)
- South Korea (27.9 tons)
- Italy (3.8 tons)
- Germany (3.8 tons)
- India (1.6 tons)
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