Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in China - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in China (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in China (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in China
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in China
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in China (FOB) - 2024
In April 2024, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $1,546 per ton, falling by -6.9% against the previous month. In general, the export price saw a pronounced decline. The pace of growth appeared the most rapid in October 2023 an increase of 9.7% against the previous month. The export price peaked at $2,247 per ton in April 2023; however, from May 2023 to April 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($3,015 per ton), while the average price for exports to India ($811 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.1%), 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 China (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $12,270 per ton, rising by 39% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61% against the previous year. Over the period under review, average import prices hit record highs at $13,609 per ton in 2014; however, from 2015 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 Austria ($19,220 per ton), while the price for Thailand ($2,869 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.1%), 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 China
In 2022, exports of tube or pipe butt welding fittings, other than stainless steels from China skyrocketed to 361K tons, picking up by 54% against the previous year. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels soared to $869M in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 94%. 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, Other than Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 28.3 | 30.4 | 130 | 264 | 110.5% |
| South Korea | 25.7 | 18.2 | 32.4 | 70.6 | 40.1% |
| Indonesia | 16.9 | 12.7 | 18.5 | 47.7 | 41.3% |
| Russia | 17.8 | 18.0 | 25.9 | 42.2 | 33.3% |
| Vietnam | 11.1 | 9.2 | 17.3 | 40.9 | 54.5% |
| United Arab Emirates | 32.1 | 22.8 | 27.6 | 33.9 | 1.8% |
| Brazil | 7.7 | 6.9 | 12.5 | 26.9 | 51.7% |
| Malaysia | 7.3 | 6.3 | 17.4 | 25.8 | 52.3% |
| Taiwan (Chinese) | 7.8 | 6.7 | 18.3 | 24.7 | 46.8% |
| Singapore | 9.7 | 9.2 | 12.0 | 21.0 | 29.4% |
| Iraq | 3.6 | 2.3 | 5.4 | 17.6 | 69.7% |
| Thailand | 7.6 | 9.7 | 20.2 | 15.2 | 26.0% |
| South Africa | 4.7 | 2.9 | 7.6 | 11.0 | 32.8% |
| Others | 119 | 97.4 | 146 | 228 | 24.2% |
| Total | 299 | 253 | 492 | 869 | 42.7% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from China in 2022:
- India (86.0K tons)
- South Korea (32.0K tons)
- Russia (31.3K tons)
- Vietnam (22.6K tons)
- Brazil (17.9K tons)
- Indonesia (17.1K tons)
- Taiwan (Chinese) (15.4K tons)
- Malaysia (13.6K tons)
- United Arab Emirates (11.0K tons)
- Iraq (9.1K tons)
- Thailand (8.8K tons)
- South Africa (7.6K tons)
- Singapore (7.2K tons)
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in China
Imports of tube or pipe butt welding fittings, other than stainless steels into China totaled 3.9K tons in 2022, flattening at 2021 figures. Overall, imports recorded a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 184%. As a result, imports reached the peak of 10K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels surged to $48M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47%. As a result, imports reached the peak of $57M. 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 21.4 | 20.9 | 16.6 | 23.7 | 3.5% |
| Austria | 4.2 | 10.5 | 6.9 | 16.4 | 57.5% |
| South Korea | 5.4 | 18.0 | 5.3 | 3.5 | -13.5% |
| Japan | 2.9 | 1.7 | 1.3 | 1.9 | -13.1% |
| Germany | 0.6 | 0.4 | 0.6 | 0.9 | 14.5% |
| Saudi Arabia | N/A | N/A | N/A | 0.8 | 0% |
| Thailand | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Mexico | 0.2 | 4.4 | 1.2 | N/A | 144.9% |
| Others | 4.1 | 1.3 | 2.5 | 0.9 | -39.7% |
| Total | 38.9 | 57.2 | 34.5 | 48.4 | 7.6% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to China in 2022:
- Italy (1808.9 tons)
- Austria (853.4 tons)
- South Korea (570.4 tons)
- Japan (374.7 tons)
- Thailand (143.8 tons)
- Germany (67.9 tons)
- Saudi Arabia (61.3 tons)
756
This report provides an in-depth analysis of the market for iron or steel tube fitting in China.
322
This report provides an in-depth analysis of the market for cast steel pipe fittings in China.
313
This report provides an in-depth analysis of the market for malleable cast iron pipe fittings in China.
287
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in China.
1356
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
476
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
450
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
464
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
756
This report provides an in-depth analysis of the market for iron or steel tube fitting in China.
322
This report provides an in-depth analysis of the market for cast steel pipe fittings in China.
241
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3856
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1484
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1179
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1295
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
241
Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3856
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1484
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1179
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1295
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
