Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco - 2023
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $9,397 per ton, increasing by 11% against the previous year. Overall, the import price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 83%. As a result, import price reached the peak level of $21,411 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($25,773 per ton), while the price for China ($6,672 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), 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 Morocco (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $91,126 per ton in 2022, growing by 103% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 456%. Over the period under review, the average export prices reached the peak figure at $172,533 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($98,386 per ton), while the average price for exports to Cameroon ($82,167 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 Senegal (+3,925.6%), 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 Morocco
In 2022, the amount of tube or pipe butt welding fittings of stainless steels imported into Morocco skyrocketed to 256 tons, jumping by 65% on 2021 figures. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 112%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings of stainless steels soared to $2.4M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 300 | 937 | 283 | 1,348 | 65.0% |
| France | 494 | 669 | 675 | 402 | -6.6% |
| India | 7.6 | 30.3 | N/A | 199 | 196.9% |
| Italy | 198 | 78.0 | 107 | 179 | -3.3% |
| Taiwan (Chinese) | 15.2 | 27.7 | 26.9 | 53.3 | 51.9% |
| Others | 513 | 90.3 | 225 | 229 | -23.6% |
| Total | 1,527 | 1,833 | 1,318 | 2,409 | 16.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Morocco in 2022:
- China (202.1 tons)
- France (27.2 tons)
- Italy (7.8 tons)
- India (7.7 tons)
- Taiwan (Chinese) (5.2 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco
In 2022, shipments abroad of tube or pipe butt welding fittings of stainless steels decreased by -94.6% to 87 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 3,667%. As a result, the exports attained the peak of 1.6 tons, and then reduced notably in the following year.
In value terms, exports of tube or pipe butt welding fittings of stainless steels fell dramatically to $7.9K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,844%. As a result, the exports attained the peak of $73K, and then fell significantly in the following year.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | N/A | N/A | 2.4 | 4.3 | 79.2% |
| Cameroon | N/A | N/A | N/A | 2.0 | 0% |
| Guinea | 0.9 | 2.4 | 0.1 | 1.5 | 18.6% |
| France | 1.1 | N/A | 69.3 | N/A | 693.7% |
| Turkey | N/A | N/A | 0.9 | N/A | 0% |
| Others | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Total | 2.4 | 2.5 | 72.7 | 7.9 | 48.8% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Morocco in 2022:
- Senegal (44.0 kg)
- Cameroon (24.0 kg)
- Guinea (18.0 kg)
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