Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $5,519 per ton, surging by 31% against the previous year. In general, the import price saw prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 the United States ($9,756 per ton), while the price for Malaysia ($1,633 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $20,143 per ton, rising by 4% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Austria.
From 2014 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh
In 2022, imports of tube or pipe butt welding fittings, other than stainless steels into Bangladesh reduced to 1.3K tons, declining by -6.8% against the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports attained the peak of 1.4K tons, and then declined in the following year.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $7.2M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 80%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,300 | 1,406 | 3,100 | 5,622 | 62.9% |
| India | 100 | 19.4 | 28.2 | 617 | 83.4% |
| South Korea | 745 | 1,455 | 2,230 | 252 | -30.3% |
| United States | 24.0 | 88.8 | 147 | 247 | 117.5% |
| Malaysia | 34.7 | 28.9 | 3.1 | 42.8 | 7.2% |
| Others | 155 | 275 | 384 | 436 | 41.2% |
| Total | 2,359 | 3,273 | 5,892 | 7,216 | 45.2% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Bangladesh in 2022:
- China (962.3 tons)
- India (228.6 tons)
- South Korea (32.6 tons)
- Malaysia (26.2 tons)
- United States (25.3 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh
In 2022, the amount of tube or pipe butt welding fittings, other than stainless steels exported from Bangladesh reduced to 7 kg, with a decrease of -12.5% compared with the previous year's figure. In general, exports continue to indicate a deep setback.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels contracted to $141 in 2022. Over the period under review, exports saw a abrupt shrinkage.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Bangladesh (USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Austria | N/A | 141 | 0% |
| Netherlands | 155 | N/A | 0% |
| Others | N/A | N/A | 0% |
| Total | 155 | 141 | -9.0% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Bangladesh in 2022:
- Austria (7.0 kg)
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