Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia (FOB) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $4,774 per ton in 2021, growing by 28% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 153%. As a result, the export price reached the peak level of $6,327 per ton. From 2014 to 2021, 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 United Arab Emirates ($8,252 per ton), while the average price for exports to Japan ($2,565 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+63.1%), 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 Saudi Arabia (CIF) - 2022
In 2021, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $16,100 per ton, with a decrease of -2.1% against the previous year. In general, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 108% against the previous year. The import price peaked at $16,444 per ton in 2020, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($48,358 per ton), while the price for China ($4,241 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+76.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia
In 2022, shipments abroad of tube or pipe butt welding fittings of stainless steels decreased by -60.4% to 3.1 tons, falling for the second year in a row after two years of growth. In general, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 310%. As a result, the exports reached the peak of 117 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tube or pipe butt welding fittings of stainless steels declined sharply to $29K in 2022. Over the period under review, exports showed a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 495%. As a result, the exports attained the peak of $436K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Arab Emirates | 31.0 | 246 | 52.6 | 30.3% |
| Bahrain | 12.8 | 162 | 49.0 | 95.7% |
| Japan | N/A | N/A | 18.9 | 0% |
| Kuwait | 29.6 | 10.0 | 10.1 | -41.6% |
| Germany | N/A | N/A | 7.0 | 0% |
| United States | N/A | 14.8 | N/A | 0% |
| Others | N/A | 3.8 | -100.0 | -2731.6% |
| Total | 73.4 | 436 | 37.5 | -28.5% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Saudi Arabia in 2022:
- Japan (7.4 tons)
- United Arab Emirates (6.4 tons)
- Bahrain (6.3 tons)
- Kuwait (2.1 tons)
- Germany (1.4 tons)
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia
In 2021, after two years of growth, there was significant decline in supplies from abroad of tube or pipe butt welding fittings of stainless steels, when their volume decreased by -35.1% to 2.8K tons. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 142% against the previous year. As a result, imports reached the peak of 4.3K tons, and then shrank rapidly in the following year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels fell rapidly to $45M in 2021. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 340%. As a result, imports attained the peak of $72M, and then contracted dramatically in the following year.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Singapore | 1.2 | 35.4 | 18.6 | 293.7% |
| Romania | N/A | 13.0 | 6.1 | -53.1% |
| India | 0.5 | 0.4 | 5.0 | 216.2% |
| South Korea | 3.2 | 4.0 | 4.7 | 21.2% |
| Italy | 1.3 | 1.8 | 3.7 | 68.7% |
| United States | 0.9 | 6.5 | 1.4 | 24.7% |
| China | 1.3 | 0.8 | 1.2 | -3.9% |
| Germany | 4.4 | 5.5 | 1.2 | -47.8% |
| Others | 3.4 | 4.0 | 3.4 | 0.0% |
| Total | 16.2 | 71.5 | 45.4 | 67.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Saudi Arabia in 2022:
- India (659.2 tons)
- Italy (482.8 tons)
- Singapore (384.4 tons)
- South Korea (328.7 tons)
- China (294.0 tons)
- Romania (144.5 tons)
- Germany (99.3 tons)
- United States (29.1 tons)
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