Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey (FOB) - 2024
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $13,997 per ton, surging by 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($25,564 per ton), while the price for China ($10,988 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.5%), 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 Turkey (FOB) - 2024
In March 2024, the average export price for tube or pipe butt welding fittings of stainless steels amounted to $14,000 per ton, with a decrease of -34.1% against the previous month. Overall, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in January 2024 when the average export price increased by 138% month-to-month. Over the period under review, the average export prices attained the maximum at $21,260 per ton in February 2024, and then shrank remarkably in the following month.
There were significant differences in the average prices for the major export markets. In March 2024, the country with the highest price was Romania ($31,520 per ton), while the average price for exports to Saudi Arabia ($3,702 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+6.8%), 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 Turkey
In 2022, imports of tube or pipe butt welding fittings of stainless steels into Turkey expanded significantly to 851 tons, surging by 7.3% compared with 2021 figures. In general, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels skyrocketed to $12M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 2.2 | 2.5 | 4.1 | 13.6% |
| Italy | 1.0 | 0.6 | 1.9 | 2.2 | 30.1% |
| Sweden | 1.9 | 0.6 | 1.3 | 1.5 | -7.6% |
| Finland | 0.9 | 0.3 | 1.2 | 1.1 | 6.9% |
| Germany | 1.0 | 2.7 | 1.1 | 1.0 | 0.0% |
| France | 0.6 | 0.2 | 0.2 | 0.7 | 5.3% |
| Russia | N/A | N/A | 0.5 | N/A | 0% |
| Others | 1.3 | 0.9 | 1.4 | 1.3 | 0.0% |
| Total | 9.3 | 7.6 | 10.1 | 11.9 | 8.6% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Turkey in 2022:
- China (376.6 tons)
- Sweden (127.7 tons)
- Italy (110.5 tons)
- Finland (92.6 tons)
- Germany (38.8 tons)
- France (38.6 tons)
- Russia (0.1 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Turkey
In 2022, the amount of tube or pipe butt welding fittings of stainless steels exported from Turkey expanded significantly to 450 tons, surging by 9.9% compared with the previous year's figure. Overall, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year.
In value terms, exports of tube or pipe butt welding fittings of stainless steels soared to $4M in 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 54%. 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 235 | 125 | 102 | 541 | 32.0% |
| Italy | 5.1 | 1.3 | 60.3 | 426 | 337.1% |
| Germany | 239 | 168 | 249 | 255 | 2.2% |
| Azerbaijan | 74.6 | 96.0 | 88.4 | 249 | 49.4% |
| Poland | 189 | 239 | 285 | 234 | 7.4% |
| Iran | 241 | 44.4 | 21.0 | 153 | -14.1% |
| Serbia | 64.3 | 37.8 | 46.6 | 145 | 31.1% |
| Algeria | 4.2 | 48.2 | 5.0 | 132 | 215.6% |
| Sweden | N/A | N/A | N/A | 122 | 0% |
| Russia | 5.4 | 40.8 | 122 | 112 | 174.8% |
| Georgia | 207 | 55.0 | 185 | 75.3 | -28.6% |
| Turkmenistan | 48.0 | 30.2 | 119 | 73.3 | 15.2% |
| Cyprus | 11.9 | 18.9 | 7.6 | 55.0 | 66.6% |
| Others | 1,686 | 987 | 1,620 | 1,443 | -5.1% |
| Total | 3,010 | 1,892 | 2,911 | 4,015 | 10.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Turkey in 2022:
- Iraq (62.7 tons)
- Italy (53.3 tons)
- Iran (33.5 tons)
- Azerbaijan (30.6 tons)
- Germany (26.2 tons)
- Turkmenistan (20.1 tons)
- Sweden (17.9 tons)
- Poland (15.5 tons)
- Serbia (14.3 tons)
- Cyprus (11.1 tons)
- Georgia (10.8 tons)
- Russia (9.7 tons)
- Algeria (9.3 tons)
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