Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK (CIF) - 2024
The average import price for tube or pipe butt welding fittings of stainless steels stood at $20,075 per ton in April 2024, surging by 6.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 89% m-o-m. The import price peaked at $27,753 per ton in December 2023; however, from January 2024 to April 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Germany ($49,607 per ton), while the price for Turkey ($5,431 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), 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 the UK (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $41,372 per ton, with an increase of 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($66,095 per ton), while the average price for exports to the Netherlands ($22,367 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 Sweden (+9.5%), 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 the UK
In 2022, imports of tube or pipe butt welding fittings of stainless steels into the UK soared to 2.1K tons, increasing by 35% against the year before. Overall, imports, however, showed a mild downturn.
In value terms, imports of tube or pipe butt welding fittings of stainless steels soared to $30M in 2022. In general, imports saw a mild increase. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.1 | 3.5 | 1.9 | 4.2 | -16.1% |
| Spain | 0.5 | 0.1 | 0.4 | 3.2 | 85.7% |
| China | 0.7 | 0.5 | 1.0 | 3.1 | 64.2% |
| Sweden | 2.7 | 1.7 | 2.0 | 2.5 | -2.5% |
| Malaysia | 1.5 | 1.2 | 1.1 | 2.4 | 17.0% |
| India | 0.3 | 0.1 | 0.5 | 2.2 | 94.3% |
| France | 1.7 | 1.2 | 1.2 | 2.0 | 5.6% |
| Germany | 1.3 | 1.9 | 3.1 | 1.8 | 11.5% |
| Thailand | 1.3 | 0.5 | 1.1 | 1.4 | 2.5% |
| Taiwan (Chinese) | 1.2 | 0.6 | 0.2 | 0.6 | -20.6% |
| Finland | 2.2 | 1.3 | 2.4 | 0.6 | -35.2% |
| South Korea | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Romania | N/A | N/A | N/A | 0.3 | 0% |
| Others | 8.5 | 8.1 | 9.2 | 4.9 | -16.8% |
| Total | 28.8 | 21.0 | 24.2 | 29.7 | 1.0% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to the UK in 2022:
- China (386.6 tons)
- India (326.2 tons)
- Malaysia (250.0 tons)
- Sweden (184.6 tons)
- Italy (174.8 tons)
- Spain (111.8 tons)
- France (110.2 tons)
- Taiwan (Chinese) (95.0 tons)
- Finland (86.7 tons)
- Germany (68.4 tons)
- Thailand (64.7 tons)
- South Korea (35.2 tons)
- Romania (34.0 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK
After two years of decline, overseas shipments of tube or pipe butt welding fittings of stainless steels increased by 1% to 546 tons in 2022. In general, exports, however, recorded a abrupt downturn.
In value terms, exports of tube or pipe butt welding fittings of stainless steels soared to $23M in 2022. Overall, exports, however, recorded a mild reduction.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 3.5 | 1.8 | 2.2 | 7.5 | 28.9% |
| Netherlands | 2.0 | 1.3 | 1.8 | 3.1 | 15.7% |
| Ireland | 2.5 | 1.2 | 1.4 | 2.4 | -1.4% |
| Sweden | 0.3 | 0.2 | 0.2 | 0.9 | 44.2% |
| Germany | 1.7 | 0.9 | 0.7 | 0.9 | -19.1% |
| China | 0.3 | 0.3 | 0.3 | 0.7 | 32.6% |
| United States | 0.6 | 1.2 | 0.6 | 0.6 | 0.0% |
| Italy | 0.6 | 0.1 | 0.3 | 0.4 | -12.6% |
| Qatar | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Singapore | 3.0 | 1.8 | 0.5 | 0.3 | -53.6% |
| Denmark | 0.6 | 0.7 | 0.7 | 0.3 | -20.6% |
| Azerbaijan | 0.2 | 1.7 | 1.3 | 0.3 | 14.5% |
| Belgium | 0.8 | 0.6 | 0.4 | 0.3 | -27.9% |
| Others | 6.9 | 5.6 | 5.5 | 4.6 | -12.6% |
| Total | 23.3 | 17.5 | 15.9 | 22.6 | -1.0% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from the UK in 2022:
- Netherlands (138.5 tons)
- Norway (138.4 tons)
- Ireland (40.6 tons)
- Sweden (19.4 tons)
- United States (16.9 tons)
- China (15.4 tons)
- Germany (13.3 tons)
- Italy (12.3 tons)
- Qatar (11.1 tons)
- Singapore (8.0 tons)
- Denmark (7.8 tons)
- Belgium (6.8 tons)
- Azerbaijan (6.2 tons)
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