Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States (FOB) - 2024
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States (CIF) - 2024
In May 2024, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $13,576 per ton, picking up by 13% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 24% against the previous month. The import price peaked at $14,155 per ton in August 2023; however, from September 2023 to May 2024, import prices stood 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 Canada ($42,710 per ton), while the price for Malaysia ($6,736 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 Turkey (+5.3%), 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 United States (FOB) - 2024
The average export price for tube or pipe butt welding fittings of stainless steels stood at $78,004 per ton in May 2024, dropping by -26.6% against the previous month. In general, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in January 2024 when the average export price increased by 64% month-to-month. As a result, the export price attained the peak level of $121K per ton. From February 2024 to May 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was Japan ($313K per ton), while the average price for exports to Mexico ($21,963 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+37.6%), 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 States
Imports of tube or pipe butt welding fittings of stainless steels into the United States surged to 15K tons in 2022, rising by 74% on 2021 figures. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings of stainless steels surged to $185M in 2022. Overall, imports continue to indicate resilient growth. 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 States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.7 | 19.2 | 20.0 | 38.2 | 12.7% |
| Taiwan (Chinese) | 20.8 | 9.7 | 14.3 | 36.8 | 20.9% |
| South Korea | 21.6 | 9.7 | 13.7 | 36.3 | 18.9% |
| Malaysia | 14.6 | 8.8 | 10.9 | 26.1 | 21.4% |
| Canada | 9.2 | 7.5 | 8.3 | 12.4 | 10.5% |
| Thailand | 3.8 | 3.5 | 3.5 | 10.1 | 38.5% |
| Mexico | 0.9 | 0.7 | 1.8 | 3.7 | 60.2% |
| Others | 16.7 | 10.9 | 10.3 | 21.8 | 9.3% |
| Total | 114 | 70.0 | 82.8 | 185 | 17.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to the United States in 2022:
- Taiwan (Chinese) (3.5K tons)
- South Korea (3.4K tons)
- Malaysia (3.0K tons)
- China (2.4K tons)
- Thailand (0.9K tons)
- Canada (0.5K tons)
- Mexico (0.5K tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States
In 2022, exports of tube or pipe butt welding fittings of stainless steels from the United States skyrocketed to 1.4K tons, rising by 31% compared with 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume 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. Based on 2022 figures, exports increased by +88.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of tube or pipe butt welding fittings of stainless steels soared to $134M in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 73%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 10.4 | 31.0 | 35.6 | 61.2% |
| Malaysia | 8.9 | 13.9 | 23.3 | 27.3 | 45.3% |
| Japan | 5.1 | 7.0 | 10.6 | 12.8 | 35.9% |
| Singapore | 4.5 | 4.8 | 7.7 | 10.4 | 32.2% |
| Canada | 8.7 | 7.1 | 8.1 | 9.4 | 2.6% |
| South Korea | 5.1 | 3.8 | 7.6 | 7.6 | 14.2% |
| Netherlands | 2.9 | 3.1 | 5.0 | 5.2 | 21.5% |
| Mexico | 2.7 | 1.8 | 1.6 | 3.3 | 6.9% |
| Brazil | 1.4 | 0.5 | 0.4 | 1.7 | 6.7% |
| Colombia | 0.3 | 0.7 | 0.3 | 1.1 | 54.2% |
| France | 0.5 | 0.3 | 0.3 | 0.7 | 11.9% |
| Suriname | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Cayman Islands | N/A | N/A | N/A | 0.2 | 0% |
| Others | 15.3 | 9.9 | 13.8 | 18.1 | 5.8% |
| Total | 64.1 | 63.4 | 110 | 134 | 27.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from the United States in 2022:
- Canada (330.0 tons)
- China (176.8 tons)
- Malaysia (138.7 tons)
- Colombia (134.6 tons)
- Brazil (76.4 tons)
- Singapore (56.5 tons)
- Mexico (54.3 tons)
- South Korea (49.6 tons)
- Japan (47.6 tons)
- Suriname (44.0 tons)
- France (43.5 tons)
- Netherlands (23.3 tons)
- Cayman Islands (22.1 tons)
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