Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand (FOB) - 2024
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $11,006 per ton, surging by 7.7% against the previous year. In general, the import price, however, showed a mild descent. The growth pace was the most rapid in 2018 when the average import price increased by 64%. Over the period under review, average import prices hit record highs at $14,163 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($27,316 per ton), while the price for Thailand ($7,330 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.6%), 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 New Zealand (FOB) - 2024
In May 2024, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $19,840 per ton, leveling off at the previous month. In general, the export price recorded a noticeable shrinkage. The pace of growth was the most pronounced in July 2023 when the average export price increased by 9.9% against the previous month. The export price peaked at $25,962 per ton in May 2023; however, from June 2023 to May 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Australia.
From May 2023 to May 2024, the rate of growth in terms of prices for Australia amounted to -2.2% per month.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand
In 2022, approx. 236 tons of tube or pipe butt welding fittings of stainless steels were imported into New Zealand; waning by -4.8% against the previous year's figure. Over the period under review, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of 248 tons, and then contracted slightly in the following year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels stood at $2.6M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 814 | 636 | 1,000 | 1,141 | 11.9% |
| Taiwan (Chinese) | 489 | 378 | 1,135 | 737 | 14.7% |
| Canada | 124 | 20.9 | 68.6 | 184 | 14.1% |
| Malaysia | 38.2 | 66.5 | 13.1 | 121 | 46.9% |
| Thailand | 8.5 | 12.4 | 2.1 | 50.7 | 81.4% |
| Australia | 26.0 | 48.9 | 95.8 | 42.1 | 17.4% |
| Others | 306 | 353 | 215 | 320 | 1.5% |
| Total | 1,805 | 1,516 | 2,530 | 2,596 | 12.9% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to New Zealand in 2022:
- China (141.7 tons)
- Taiwan (Chinese) (53.4 tons)
- Malaysia (13.6 tons)
- Thailand (6.9 tons)
- Canada (6.7 tons)
- Australia (2.8 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand
In 2022, after three years of growth, there was significant decline in overseas shipments of tube or pipe butt welding fittings of stainless steels, when their volume decreased by -8% to 113 tons. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 267% against the previous year.
In value terms, exports of tube or pipe butt welding fittings of stainless steels reached $2.4M in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 308%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 122 | 769 | 2,335 | 2,340 | 167.7% |
| United States | 31.6 | 23.7 | 6.2 | 7.4 | -38.4% |
| Others | 43.5 | 13.1 | 14.3 | 17.2 | -26.6% |
| Total | 197 | 805 | 2,355 | 2,365 | 129.0% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from New Zealand in 2022:
- Australia (112.1 tons)
- United States (0.4 tons)
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