Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway (CIF) - 2024
The average import price for tube or pipe butt welding fittings of stainless steels stood at $28,398 per ton in May 2024, increasing by 2.7% against the previous month. Over the period under review, import price indicated a modest expansion from May 2023 to May 2024: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2024 figures, import price for tube or pipe butt welding fittings of stainless steels increased by +23.1% against February 2024 indices. The growth pace was the most rapid in August 2023 when the average import price increased by 77% m-o-m. As a result, import price reached the peak level of $33,913 per ton. From September 2023 to May 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was the UK ($70,068 per ton), while the price for France ($7,774 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Spain (+5.7%), 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 Norway (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $28,214 per ton in 2022, surging by 34% against the previous year. Overall, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 319% against the previous year. As a result, the export price attained the peak level of $128,826 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($45,044 per ton), while the average price for exports to Sweden ($9,762 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 Canada (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway
In 2022, overseas purchases of tube or pipe butt welding fittings of stainless steels increased by 34% to 1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt descent.
In value terms, imports of tube or pipe butt welding fittings of stainless steels soared to $26M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.7 | 3.8 | 3.2 | 8.4 | -4.7% |
| United Kingdom | 3.5 | 3.4 | 2.3 | 7.9 | 31.2% |
| Sweden | 2.3 | 2.3 | 2.7 | 2.7 | 5.5% |
| Finland | 1.8 | 1.9 | 1.9 | 2.3 | 8.5% |
| Germany | 3.0 | 1.9 | 1.6 | 2.1 | -11.2% |
| Netherlands | 1.4 | 0.5 | 0.7 | 0.4 | -34.1% |
| Austria | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| China | 0.5 | 0.6 | 0.5 | 0.4 | -7.2% |
| Japan | 1.1 | 6.6 | 0.1 | N/A | -69.8% |
| Others | 2.1 | 2.0 | 1.6 | 1.6 | -8.7% |
| Total | 25.7 | 23.0 | 14.8 | 26.2 | 0.6% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Norway in 2022:
- Italy (285.1 tons)
- Finland (182.5 tons)
- Sweden (159.3 tons)
- United Kingdom (119.6 tons)
- Germany (86.7 tons)
- China (26.6 tons)
- Austria (26.1 tons)
- Netherlands (21.1 tons)
- Japan (1.4 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway
Exports of tube or pipe butt welding fittings of stainless steels from Norway reduced to 128 tons in 2022, waning by -5.1% against the previous year's figure. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year.
In value terms, exports of tube or pipe butt welding fittings of stainless steels skyrocketed to $3.6M in 2022. Overall, exports faced a abrupt setback.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 15.4 | 24.2 | 61.3 | 874 | 284.3% |
| Singapore | 2,007 | 1,019 | 543 | 412 | -41.0% |
| Australia | N/A | N/A | N/A | 311 | 0% |
| Thailand | 878 | 216 | 744 | 299 | -30.2% |
| Poland | 2,109 | 138 | 173 | 284 | -48.7% |
| Lithuania | 0.2 | N/A | N/A | 247 | 972.9% |
| Philippines | N/A | N/A | N/A | 224 | 0% |
| United Kingdom | 117 | 18.5 | 206 | 89.0 | -8.7% |
| Denmark | 166 | 96.6 | 344 | 88.9 | -18.8% |
| Egypt | N/A | N/A | N/A | 77.7 | 0% |
| Canada | 41.3 | 34.8 | 60.6 | 59.7 | 13.1% |
| Germany | 62.5 | 23.1 | 41.1 | 35.6 | -17.1% |
| Sweden | 14.5 | 34.3 | 41.9 | 30.4 | 28.0% |
| Others | 802 | 1,176 | 606 | 568 | -10.9% |
| Total | 6,213 | 2,781 | 2,821 | 3,602 | -16.6% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Norway in 2022:
- Romania (26.3 tons)
- Thailand (16.3 tons)
- Australia (14.4 tons)
- Singapore (13.3 tons)
- Poland (10.1 tons)
- Lithuania (6.1 tons)
- Philippines (5.0 tons)
- Egypt (4.7 tons)
- United Kingdom (4.3 tons)
- Denmark (4.1 tons)
- Germany (3.5 tons)
- Canada (3.3 tons)
- Sweden (3.1 tons)
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