Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates (CIF) - 2022
The average import price for tube or pipe butt welding fittings of stainless steels stood at $13,986 per ton in 2022, falling by -4.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 75%. Over the period under review, average import prices attained the peak figure at $18,910 per ton in 2015; however, from 2016 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 Germany ($32,457 per ton), while the price for Malaysia ($2,348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $12,200 per ton, with a decrease of -12.6% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 104% against the previous year. As a result, the export price reached the peak level of $13,965 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($18,214 per ton), while the average price for exports to India ($4,065 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 Saudi Arabia (+11.9%), 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 United Arab Emirates
Imports of tube or pipe butt welding fittings of stainless steels into the United Arab Emirates surged to 1.8K tons in 2022, with an increase of 87% compared with 2021 figures. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.0% against 2020 indices.
In value terms, imports of tube or pipe butt welding fittings of stainless steels skyrocketed to $25M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.6 | 5.3 | 2.3 | 11.3 | 26.4% |
| China | 5.3 | 7.7 | 5.2 | 6.3 | 5.9% |
| Italy | 3.8 | 8.2 | 1.8 | 3.5 | -2.7% |
| India | 0.4 | 0.7 | 0.7 | 1.4 | 51.8% |
| Germany | 0.7 | 0.5 | 2.0 | 0.6 | -5.0% |
| Thailand | 0.8 | 1.3 | 0.3 | 0.4 | -20.6% |
| Malaysia | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 1.9 | 1.5 | 1.9 | 1.7 | -3.6% |
| Total | 18.6 | 25.2 | 14.2 | 25.3 | 10.8% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to the United Arab Emirates in 2022:
- South Korea (779.5 tons)
- China (507.9 tons)
- India (238.6 tons)
- Italy (160.1 tons)
- Malaysia (38.7 tons)
- Thailand (23.8 tons)
- Germany (19.9 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates
In 2022, overseas shipments of tube or pipe butt welding fittings of stainless steels decreased by -4.6% to 291 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of 643 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tube or pipe butt welding fittings of stainless steels shrank sharply to $3.5M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. As a result, the exports reached the peak of $4.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 2,420 | 2,429 | 3,568 | 2,940 | 6.7% |
| India | 115 | 534 | 85.4 | 463 | 59.1% |
| Qatar | N/A | N/A | N/A | 71.6 | 0% |
| Iran | 65.6 | 959 | 57.5 | N/A | -6.4% |
| Saudi Arabia | 536 | 343 | 27.2 | N/A | -77.5% |
| Others | 411 | 131 | 517 | 70.5 | -44.4% |
| Total | 3,547 | 4,395 | 4,255 | 3,545 | -0.0% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from the United Arab Emirates in 2022:
- Oman (161.7 tons)
- India (113.9 tons)
- Qatar (9.9 tons)
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