Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy (FOB) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy (CIF) - 2024
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $20,007 per ton, with an increase of 28% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $21,067 per ton in 2014; however, from 2015 to 2022, the export prices stood 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 Norway ($38,709 per ton), while the average price for exports to Saudi Arabia ($11,387 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 Mexico (+15.7%), 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 Italy (CIF) - 2024
The average import price for tube or pipe butt welding fittings of stainless steels stood at $13,312 per ton in March 2024, surging by 7.5% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 19% month-to-month. The import price peaked at $17,660 per ton in May 2023; however, from June 2023 to March 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was India ($18,241 per ton), while the price for China ($11,492 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 Germany (+12.2%), 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 Italy
In 2022, overseas shipments of tube or pipe butt welding fittings of stainless steels decreased by -0.8% to 7K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 8.9%. As a result, the exports attained the peak of 7.4K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tube or pipe butt welding fittings of stainless steels skyrocketed to $140M in 2022. The total export value increased at an average annual rate of +12.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.7 | 7.9 | 10.4 | 27.2 | 52.3% |
| China | 3.0 | 18.0 | 18.6 | 16.1 | 75.1% |
| Mexico | 0.6 | N/A | 0.1 | 13.4 | 181.6% |
| Germany | 5.4 | 6.5 | 4.3 | 7.8 | 13.0% |
| Netherlands | 8.5 | 8.6 | 8.6 | 7.3 | -4.9% |
| Norway | 8.4 | 2.4 | 2.3 | 7.2 | -5.0% |
| Saudi Arabia | 0.8 | 1.2 | 4.0 | 6.2 | 97.9% |
| Spain | 4.5 | 3.2 | 4.6 | 5.2 | 4.9% |
| Russia | 7.7 | 3.1 | 7.8 | 4.9 | -14.0% |
| United Kingdom | 5.6 | 4.0 | 3.6 | 3.8 | -12.1% |
| United Arab Emirates | 3.8 | 8.2 | 1.8 | 3.4 | -3.6% |
| Turkey | 0.9 | 0.5 | 2.0 | 3.1 | 51.0% |
| Poland | 2.8 | 3.0 | 4.5 | 2.8 | 0.0% |
| Others | 38.3 | 43.1 | 37.6 | 32.3 | -5.5% |
| Total | 97.8 | 110 | 110 | 140 | 12.7% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Italy in 2022:
- France (2356.8 tons)
- China (606.0 tons)
- Saudi Arabia (542.5 tons)
- Mexico (397.9 tons)
- Germany (372.0 tons)
- Russia (296.4 tons)
- Netherlands (233.0 tons)
- Spain (223.3 tons)
- Norway (184.9 tons)
- Turkey (159.0 tons)
- Poland (133.1 tons)
- United Kingdom (118.4 tons)
- United Arab Emirates (114.0 tons)
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy
In 2022, imports of tube or pipe butt welding fittings of stainless steels into Italy contracted to 3.1K tons, with a decrease of -9.3% against 2021 figures. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 8.3%. As a result, imports attained the peak of 3.4K tons, and then dropped in the following year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels rose rapidly to $46M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 increased by +58.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 27%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.5 | 5.3 | 7.2 | 10.2 | 22.9% |
| Germany | 4.7 | 8.8 | 7.0 | 6.9 | 13.7% |
| Malaysia | 2.6 | 1.6 | 1.4 | 4.8 | 22.7% |
| Finland | 2.6 | 2.8 | 4.7 | 4.3 | 18.3% |
| Sweden | 1.1 | 1.1 | 2.1 | 2.9 | 38.1% |
| Czech Republic | 1.9 | 2.4 | 2.8 | 2.4 | 8.1% |
| France | 2.0 | 3.2 | 2.8 | 2.4 | 6.3% |
| Netherlands | 1.9 | 2.2 | 1.7 | 2.2 | 5.0% |
| Others | 6.9 | 9.7 | 13.0 | 10.2 | 13.9% |
| Total | 29.2 | 37.0 | 42.7 | 46.4 | 16.7% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Italy in 2022:
- China (764.2 tons)
- Malaysia (488.4 tons)
- Finland (411.5 tons)
- Czech Republic (245.5 tons)
- Sweden (227.4 tons)
- Germany (192.4 tons)
- France (174.8 tons)
- Netherlands (116.8 tons)
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