Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia (FOB) - 2024
The average export price for tube or pipe butt welding fittings of stainless steels stood at $6,175 per ton in April 2024, growing by 1.6% against the previous month. In general, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in June 2023 an increase of 28% against the previous month. The export price peaked at $7,414 per ton in April 2023; however, from May 2023 to April 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($32,340 per ton), while the average price for exports to Germany ($3,752 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+23.8%), 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 Malaysia (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $4,682 per ton, shrinking by -23.7% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $11,222 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the UK ($9,983 per ton), while the price for Thailand ($2,933 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia
In 2022, exports of tube or pipe butt welding fittings of stainless steels from Malaysia soared to 9K tons, rising by 49% compared with the previous year's figure. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe butt welding fittings of stainless steels skyrocketed to $60M in 2022. Over the period under review, exports showed a buoyant expansion. 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.1 | 9.6 | 12.3 | 27.6 | 22.3% |
| Netherlands | 8.0 | 5.6 | 8.0 | 10.5 | 9.5% |
| Canada | 1.0 | 1.1 | 2.9 | 5.0 | 71.0% |
| Italy | 2.2 | 1.3 | 2.3 | 3.8 | 20.0% |
| Japan | 3.3 | 2.6 | 1.6 | 2.6 | -7.6% |
| United Kingdom | 1.9 | 1.4 | 1.3 | 2.2 | 5.0% |
| Spain | 1.2 | 0.9 | 1.4 | 1.5 | 7.7% |
| Belgium | 0.7 | 0.6 | 0.8 | 1.2 | 19.7% |
| Indonesia | 1.9 | 1.8 | 0.8 | 1.1 | -16.7% |
| Germany | 1.4 | 1.0 | 1.1 | 1.1 | -7.7% |
| Singapore | 1.0 | 0.6 | 0.8 | 0.8 | -7.2% |
| Others | 4.6 | 1.8 | 2.5 | 2.8 | -15.3% |
| Total | 42.2 | 28.2 | 35.8 | 60.1 | 12.5% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Malaysia in 2022:
- United States (3289.7 tons)
- Netherlands (1475.2 tons)
- Canada (657.8 tons)
- Italy (561.8 tons)
- Indonesia (442.8 tons)
- Spain (431.8 tons)
- Japan (429.8 tons)
- Germany (389.3 tons)
- United Kingdom (311.3 tons)
- Belgium (257.5 tons)
- Singapore (191.5 tons)
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia
In 2022, approx. 3.7K tons of tube or pipe butt welding fittings of stainless steels were imported into Malaysia; picking up by 59% on the previous year. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 81%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of tube or pipe butt welding fittings of stainless steels soared to $17M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% 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 +64.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.0 | 4.2 | 7.1 | 64.3% |
| China | 5.6 | 2.9 | 4.2 | 6.3 | 4.0% |
| South Korea | 2.5 | 1.8 | 3.1 | 2.2 | -4.2% |
| Singapore | 0.6 | 0.7 | 1.1 | 0.5 | -5.9% |
| United Kingdom | 0.5 | 0.7 | 0.5 | 0.3 | -15.7% |
| Italy | 0.7 | 0.6 | 0.2 | 0.2 | -34.1% |
| Thailand | 0.2 | 0.4 | 0.2 | 0.1 | -20.6% |
| Others | 2.5 | 1.5 | 0.8 | 0.8 | -31.6% |
| Total | 14.1 | 10.5 | 14.3 | 17.4 | 7.3% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Malaysia in 2022:
- United States (1784.9 tons)
- China (1148.0 tons)
- South Korea (326.3 tons)
- Singapore (145.4 tons)
- Italy (49.6 tons)
- United Kingdom (32.9 tons)
- Thailand (29.8 tons)
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