Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $13,460 per ton, with a decrease of -6.4% against the previous year. In general, the import price, however, saw a modest expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 44%. The import price peaked at $14,373 per ton in 2021, and then fell in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($13,463 per ton) and Italy ($13,463 per ton), while the price for Taiwan (Chinese) ($13,463 per ton) and China ($13,463 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), 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 Vietnam (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $19,948 per ton in 2022, surging by 17% against the previous year. In general, the export price, however, showed a perceptible reduction. The export price peaked at $27,905 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($20,042 per ton) and the United States ($20,035 per ton), while the average price for exports to Taiwan (Chinese) ($18,492 per ton) and Brazil ($20,033 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.0%), 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 Vietnam
In 2022, purchases abroad of tube or pipe butt welding fittings of stainless steels decreased by -7.8% to 694 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of 817 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tube or pipe butt welding fittings of stainless steels shrank to $9.3M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 4.0 | 5.5 | 4.4 | 14.9% |
| Italy | 0.2 | 0.8 | 0.7 | 1.8 | 108.0% |
| South Korea | 2.9 | 4.9 | 2.5 | 1.8 | -14.7% |
| Germany | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| Japan | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Malaysia | 0.5 | 0.2 | 0.1 | 0.2 | -26.3% |
| United States | 0.1 | 0.1 | 0.7 | 0.1 | 0.0% |
| Others | 0.7 | 0.7 | 0.8 | 0.5 | -10.6% |
| Total | 8.0 | 11.4 | 10.8 | 9.3 | 5.1% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Vietnam in 2022:
- China (327.1 tons)
- South Korea (134.8 tons)
- Italy (133.9 tons)
- Germany (21.7 tons)
- Japan (16.3 tons)
- Malaysia (12.7 tons)
- United States (7.7 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam
Exports of tube or pipe butt welding fittings of stainless steels from Vietnam skyrocketed to 109 tons in 2022, with an increase of 24% against 2021 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 116% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of tube or pipe butt welding fittings of stainless steels soared to $2.2M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 253 | 275 | 814 | 799 | 46.7% |
| Japan | 192 | 291 | 141 | 468 | 34.6% |
| United States | 55.1 | 108 | 241 | 336 | 82.7% |
| Spain | N/A | N/A | 101 | 271 | 168.3% |
| Taiwan (Chinese) | 178 | 92.4 | 87.0 | 113 | -14.1% |
| Cambodia | 18.8 | 32.1 | 17.6 | 61.8 | 48.7% |
| Brazil | N/A | N/A | N/A | 47.6 | 0% |
| Myanmar | 328 | 0.6 | N/A | N/A | -99.8% |
| Others | 56.7 | 41.7 | 95.1 | 69.2 | 6.9% |
| Total | 1,081 | 842 | 1,496 | 2,165 | 26.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Vietnam in 2022:
- South Korea (39.9 tons)
- Japan (23.4 tons)
- United States (16.8 tons)
- Spain (13.5 tons)
- Taiwan (Chinese) (6.1 tons)
- Cambodia (3.1 tons)
- Brazil (2.4 tons)
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