Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia (CIF) - 2024
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $3,254 per ton in February 2024, which is down by -7.3% against the previous month. Over the period under review, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in November 2023 when the average import price increased by 109% m-o-m. As a result, import price attained the peak level of $10,797 per ton. From December 2023 to February 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($31,297 per ton), while the price for Malaysia ($1,652 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Thailand (+15.0%), 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 Colombia (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $12,843 per ton in 2022, with an increase of 35% against the previous year. In general, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 257%. The export price peaked at $14,024 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($28,890 per ton), while the average price for exports to El Salvador ($3,547 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia
In 2022, imports of tube or pipe butt welding fittings, other than stainless steels into Colombia skyrocketed to 2K tons, with an increase of 36% against the year before. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels surged to $7.9M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.0 | 1.1 | 2.7 | 6.0 | 44.2% |
United States | 1.6 | 1.6 | 1.4 | 1.3 | -6.7% |
Spain | N/A | N/A | 0.1 | 0.3 | 200.0% |
Thailand | N/A | 0.1 | N/A | 0.1 | 0.0% |
Mexico | 0.1 | 1.1 | N/A | N/A | 1000.0% |
Others | 0.6 | 0.4 | 0.8 | 0.2 | -30.7% |
Total | 4.3 | 4.4 | 5.1 | 7.9 | 22.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Colombia in 2022:
- China (1691.0 tons)
- United States (107.9 tons)
- Spain (67.6 tons)
- Thailand (63.0 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia
In 2022, approx. 11 tons of tube or pipe butt welding fittings, other than stainless steels were exported from Colombia; reducing by -56.1% on 2021 figures. Overall, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 89% against the previous year. As a result, the exports attained the peak of 25 tons, and then shrank dramatically in the following year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels declined markedly to $142K in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year.
Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 21.0 | 20.2 | 180 | 85.0 | 59.4% |
Mexico | N/A | N/A | N/A | 55.7 | 0% |
El Salvador | N/A | N/A | N/A | 0.9 | 0% |
Peru | 64.1 | N/A | N/A | N/A | 0% |
United States | N/A | N/A | 51.3 | N/A | 0% |
Panama | N/A | 142 | 4.7 | N/A | -96.7% |
Others | N/A | 0.1 | 3.9 | 0.1 | 0.0% |
Total | 85.1 | 162 | 240 | 142 | 18.6% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Colombia in 2022:
- Ecuador (8.8 tons)
- Mexico (1.9 tons)
- El Salvador (0.3 tons)
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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
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...
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