Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland (CIF) - 2024
In March 2024, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $22,577 per ton, which is down by -32.8% against the previous month. Overall, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in January 2024 when the average import price increased by 79% month-to-month. Over the period under review, average import prices hit record highs at $50,882 per ton in October 2023; however, from November 2023 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the United States ($144K per ton), while the price for India ($8,521 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), 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 Ireland (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $27,392 per ton in 2022, surging by 27% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($84,877 per ton), while the average price for exports to Germany ($13,986 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 China (+19.1%), 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 Ireland
In 2022, purchases abroad of tube or pipe butt welding fittings of stainless steels was finally on the rise to reach 327 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep slump.
In value terms, imports of tube or pipe butt welding fittings of stainless steels surged to $11M in 2022. In general, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 663 | 614 | 1,724 | 3,746 | 78.1% |
| Germany | 887 | 563 | 932 | 1,629 | 22.5% |
| United Kingdom | 1,787 | 1,245 | 805 | 1,234 | -11.6% |
| Thailand | 330 | 263 | 550 | 1,142 | 51.3% |
| Malaysia | 333 | 487 | 735 | 1,130 | 50.3% |
| Netherlands | 111 | 396 | 500 | 654 | 80.6% |
| China | 1,550 | 1,037 | 443 | 544 | -29.5% |
| Taiwan (Chinese) | 342 | 331 | 266 | 333 | -0.9% |
| Others | 688 | 400 | 595 | 418 | -15.3% |
| Total | 6,690 | 5,336 | 6,550 | 10,831 | 17.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Ireland in 2022:
- Malaysia (101.8 tons)
- Netherlands (54.9 tons)
- United States (39.5 tons)
- Germany (30.4 tons)
- Taiwan (Chinese) (26.8 tons)
- China (21.0 tons)
- Thailand (15.9 tons)
- United Kingdom (13.6 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland
In 2022, exports of tube or pipe butt welding fittings of stainless steels from Ireland contracted to 57 tons, dropping by -11.5% against the previous year's figure. In general, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 64 tons, and then contracted in the following year.
In value terms, exports of tube or pipe butt welding fittings of stainless steels expanded markedly to $1.6M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 399 | 497 | 537 | 992 | 35.5% |
| Netherlands | 155 | 232 | 304 | 174 | 3.9% |
| Germany | 253 | 253 | 133 | 158 | -14.5% |
| Denmark | 136 | 217 | 224 | 110 | -6.8% |
| China | 1.2 | 16.8 | 48.5 | 48.0 | 242.0% |
| Malta | N/A | N/A | N/A | 28.4 | 0% |
| Belgium | N/A | 1.3 | 69.8 | 27.8 | 362.4% |
| United States | 490 | 72.6 | 40.7 | 10.4 | -72.3% |
| Others | 20.0 | 14.8 | 27.8 | 11.7 | -16.4% |
| Total | 1,454 | 1,304 | 1,385 | 1,560 | 2.4% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Ireland in 2022:
- United Kingdom (22.1 tons)
- Germany (11.3 tons)
- Netherlands (11.1 tons)
- Denmark (5.5 tons)
- China (2.8 tons)
- Malta (1.8 tons)
- Belgium (1.7 tons)
- United States (0.1 tons)
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