Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt (FOB) - 2023
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $5,001 per ton in 2022, increasing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2014 an increase of 46% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($5,001 per ton) and the United States ($5,001 per ton), while the price for France ($5,001 per ton) and China ($5,001 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt (FOB) - 2023
In June 2023, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $7,158 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price showed moderate growth. The export price peaked in June 2023.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From October 2022 to June 2023, the rate of growth in terms of prices for the Dominican Republic amounted to 0.0% per month.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt
In 2022, imports of tube or pipe butt welding fittings, other than stainless steels into Egypt contracted markedly to 1.5K tons, which is down by -15.5% on 2021. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 69%.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels totaled $7.7M in 2022. Overall, total imports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.8% 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 increased by +83.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 3.5 | 4.3 | 4.5 | -3.5% |
| Thailand | 0.4 | 0.2 | 0.1 | 1.2 | 44.2% |
| Italy | 0.5 | 0.2 | 0.7 | 1.1 | 30.1% |
| South Korea | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Turkey | N/A | N/A | 0.1 | 0.2 | 100.0% |
| United Arab Emirates | 0.8 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 1.6 | 0.3 | -15.7% |
| Total | 7.3 | 4.2 | 7.0 | 7.7 | 1.8% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Egypt in 2022:
- China (895.3 tons)
- Thailand (249.4 tons)
- Italy (214.4 tons)
- South Korea (60.8 tons)
- Turkey (43.2 tons)
- United Arab Emirates (7.9 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt
In 2022, overseas shipments of tube or pipe butt welding fittings, other than stainless steels increased by 72,440% to 7.3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a drastic downturn.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels surged to $35K in 2022. In general, exports, however, showed a dramatic downturn.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.6 | N/A | N/A | 26.0 | 39.4% |
| Nigeria | N/A | N/A | N/A | 9.0 | 0% |
| United Kingdom | 21.9 | N/A | N/A | N/A | 0% |
| Kuwait | 9.5 | N/A | N/A | N/A | 0% |
| Netherlands | 43.5 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 0.4 | N/A | N/A | -78.9% |
| Total | 86.4 | 0.4 | N/A | 35.1 | -25.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Egypt in 2022:
- Italy (5.5 tons)
- Nigeria (1.8 tons)
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