Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium (FOB) - 2024
In March 2024, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $6,979 per ton, with a decrease of -31.1% against the previous month. Over the period under review, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in December 2023 an increase of 71% m-o-m. The export price peaked at $16,007 per ton in August 2023; however, from September 2023 to March 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($32,798 per ton), while the average price for exports to India ($2,970 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 Saudi Arabia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $3,768 per ton in 2022, falling by -2% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 11%. The import price peaked at $5,270 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($9,951 per ton), while the price for Romania ($2,530 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium
In 2022, shipments abroad of tube or pipe butt welding fittings, other than stainless steels decreased by -5.6% to 1.7K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels soared to $14M in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,956 | 1,814 | 1,393 | 2,846 | 13.3% |
| Israel | 1.7 | 10.8 | 56.4 | 1,850 | 928.6% |
| China | 47.3 | N/A | N/A | 1,804 | 236.6% |
| France | 1,310 | 1,524 | 1,794 | 1,743 | 10.0% |
| Netherlands | 1,084 | 931 | 963 | 1,191 | 3.2% |
| United States | 17.2 | 1,001 | 313 | 496 | 206.7% |
| Poland | 64.1 | 53.9 | 126 | 388 | 82.2% |
| Luxembourg | 298 | 402 | 429 | 342 | 4.7% |
| Angola | 72.7 | 26.6 | 499 | 321 | 64.1% |
| Germany | 82.5 | 751 | 146 | 314 | 56.1% |
| United Arab Emirates | 830 | 473 | 1,143 | 290 | -29.6% |
| Congo | 59.5 | 71.9 | 205 | 223 | 55.3% |
| Gabon | 24.3 | 221 | 90.5 | 141 | 79.7% |
| Others | 5,417 | 4,619 | 4,168 | 2,198 | -26.0% |
| Total | 11,263 | 11,898 | 11,327 | 14,148 | 7.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Belgium in 2022:
- France (298.6 tons)
- Saudi Arabia (248.1 tons)
- Israel (214.2 tons)
- Netherlands (159.0 tons)
- China (99.7 tons)
- Germany (93.6 tons)
- United States (77.4 tons)
- Luxembourg (59.7 tons)
- Poland (41.9 tons)
- United Arab Emirates (39.2 tons)
- Congo (35.7 tons)
- Angola (30.8 tons)
- Gabon (27.7 tons)
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium
Imports of tube or pipe butt welding fittings, other than stainless steels into Belgium totaled 3.1K tons in 2022, with an increase of 4.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 14% against the previous year. As a result, imports reached the peak of 3.3K 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, other than stainless steels totaled $12M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9% against the previous year. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.5 | 2.6 | 3.8 | 3.8 | 15.0% |
| Germany | 3.1 | 2.4 | 2.6 | 2.4 | -8.2% |
| Italy | 2.4 | 1.7 | 1.7 | 1.4 | -16.4% |
| Denmark | 0.3 | 0.7 | 0.1 | 1.0 | 49.4% |
| Romania | 0.8 | 0.3 | 0.5 | 0.8 | 0.0% |
| France | 0.7 | 1.1 | 0.9 | 0.8 | 4.6% |
| Vietnam | N/A | N/A | N/A | 0.4 | 0% |
| Turkey | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| China | N/A | 1.4 | 0.5 | 0.1 | -73.3% |
| Others | 1.2 | 1.8 | 1.0 | 0.7 | -16.4% |
| Total | 11.2 | 12.2 | 11.4 | 11.6 | 1.2% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Belgium in 2022:
- Netherlands (1283.0 tons)
- Denmark (345.8 tons)
- Romania (334.2 tons)
- Italy (291.2 tons)
- Germany (243.2 tons)
- France (217.6 tons)
- Vietnam (123.6 tons)
- Turkey (104.6 tons)
- China (16.8 tons)
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