Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka (CIF) - 2022
The average import price for tube or pipe butt welding fittings of stainless steels stood at $8,019 per ton in 2022, dropping by -22.8% against the previous year. Over the period under review, the import price, however, posted a notable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 36% against the previous year. The import price peaked at $14,251 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Sweden ($42,954 per ton), while the price for China ($4,393 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+20.1%), 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 Sri Lanka (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $8,394 per ton in 2022, rising by 55% against the previous year. In general, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 69% against the previous year. The export price peaked at $32,630 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.1% per year.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka
After two years of decline, supplies from abroad of tube or pipe butt welding fittings of stainless steels increased by 10% to 17 tons in 2022. In general, imports, however, faced a abrupt downturn.
In value terms, imports of tube or pipe butt welding fittings of stainless steels dropped to $134K in 2022. Over the period under review, imports, however, faced a significant curtailment. The smallest decline of -2.7% was in 2021.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 210 | 107 | 103 | 46.5 | -39.5% |
| Sweden | 1.2 | 5.2 | 6.7 | 39.6 | 220.8% |
| Taiwan (Chinese) | 4.5 | 7.1 | 11.8 | 15.9 | 52.3% |
| France | 13.4 | 11.1 | 11.7 | 13.4 | 0.0% |
| Singapore | 0.7 | 2.5 | 1.9 | 4.7 | 88.7% |
| India | 27.8 | 7.2 | 4.6 | 4.2 | -46.7% |
| Others | 30.9 | 21.5 | 17.8 | 9.7 | -32.0% |
| Total | 289 | 162 | 157 | 134 | -22.6% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Sri Lanka in 2022:
- China (10.6 tons)
- Taiwan (Chinese) (2.7 tons)
- France (0.9 tons)
- Sweden (0.9 tons)
- India (0.6 tons)
- Singapore (0.5 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Sri Lanka
In 2022, overseas shipments of tube or pipe butt welding fittings of stainless steels decreased by -85.5% to 66 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 232%.
In value terms, exports of tube or pipe butt welding fittings of stainless steels shrank rapidly to $554 in 2022. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 90%. As a result, the exports reached the peak of $4.4K. 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 Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1.1 | N/A | N/A | 0.6 | -18.3% |
| Denmark | 1.2 | N/A | N/A | N/A | 0% |
| United States | N/A | 1.6 | 2.4 | N/A | 50.0% |
| Oman | N/A | 2.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.3 | 4.4 | 2.5 | 0.6 | -36.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Sri Lanka in 2022:
- Maldives (66.0 kg)
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