Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan (CIF) - 2024
The average import price for tube or pipe butt welding fittings of stainless steels stood at $13,133 per ton in April 2024, declining by -15.1% against the previous month. Overall, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in March 2024 an increase of 15% month-to-month. Over the period under review, average import prices reached the maximum at $16,715 per ton in July 2023; however, from August 2023 to April 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($46,600 per ton), while the price for Malaysia ($7,324 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $102,913 per ton in 2022, shrinking by -13% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. As a result, the export price attained the peak level of $118,247 per ton, and then shrank in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($216,450 per ton), while the average price for exports to Thailand ($26,876 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 France (+21.4%), 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 Japan
In 2022, after two years of decline, there was significant growth in supplies from abroad of tube or pipe butt welding fittings of stainless steels, when their volume increased by 26% to 4.7K tons. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings of stainless steels surged to $74M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 increased by +49.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.4 | 9.0 | 11.2 | 16.1 | 12.2% |
Thailand | 9.8 | 10.7 | 9.8 | 16.1 | 18.0% |
South Korea | 7.0 | 5.5 | 7.5 | 12.9 | 22.6% |
Taiwan (Chinese) | 10.4 | 8.4 | 8.4 | 10.1 | -1.0% |
Malaysia | 3.2 | 2.9 | 1.7 | 2.6 | -6.7% |
Philippines | 1.7 | 3.0 | 1.6 | 1.0 | -16.2% |
Others | 7.4 | 10.2 | 14.2 | 15.3 | 27.4% |
Total | 51.0 | 49.5 | 54.5 | 74.0 | 13.2% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Japan in 2022:
- China (1303.3 tons)
- Thailand (1215.7 tons)
- Taiwan (Chinese) (1017.5 tons)
- South Korea (551.2 tons)
- Malaysia (364.4 tons)
- Philippines (110.4 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan
For the fourth year in a row, Japan recorded growth in overseas shipments of tube or pipe butt welding fittings of stainless steels, which increased by 1.7% to 378 tons in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe butt welding fittings of stainless steels dropped to $39M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 115%. As a result, the exports attained the peak of $44M, and then contracted in the following year.
Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 8.4 | 8.7 | 10.6 | 13.6 | 17.4% |
France | N/A | 0.3 | 15.7 | 9.4 | 459.8% |
China | 3.2 | 5.3 | 9.7 | 7.9 | 35.2% |
United States | 0.6 | 0.2 | 2.5 | 2.3 | 56.5% |
India | 0.1 | 0.1 | N/A | 0.6 | 81.7% |
Indonesia | 0.2 | 0.4 | 0.7 | 0.5 | 35.7% |
South Korea | 0.6 | 0.6 | 0.7 | 0.5 | -5.9% |
Vietnam | 0.7 | 0.7 | 0.3 | 0.4 | -17.0% |
Thailand | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
Singapore | 0.4 | 0.6 | 0.8 | 0.2 | -20.6% |
Others | 0.7 | 3.3 | 2.4 | 3.2 | 66.0% |
Total | 15.1 | 20.4 | 43.9 | 38.9 | 37.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Japan in 2022:
- Taiwan (Chinese) (130.6 tons)
- China (86.6 tons)
- France (43.5 tons)
- India (21.4 tons)
- United States (20.9 tons)
- Indonesia (12.7 tons)
- Vietnam (12.6 tons)
- Thailand (11.3 tons)
- South Korea (3.7 tons)
- Singapore (3.2 tons)
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