Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $2,200 per ton in 2022, which is down by -14.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $2,610 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,264 per ton), while the price for China totaled $2,186 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%).
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $6,372 per ton, declining by -44.6% against the previous year. In general, the export price, however, showed mild growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 106%. As a result, the export price reached the peak level of $11,852 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.4% per year.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR
In 2022, overseas purchases of tube or pipe butt welding fittings, other than stainless steels were finally on the rise to reach 297 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a drastic downturn.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels surged to $653K in 2022. Overall, imports, however, continue to indicate a abrupt descent.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 769 | 348 | 318 | 628 | -6.5% |
| South Korea | 21.9 | 21.8 | 9.6 | 14.2 | -13.4% |
| Singapore | 18.3 | 19.4 | 21.8 | 10.2 | -17.7% |
| Others | 0.8 | 84.8 | 39.7 | 0.4 | -20.6% |
| Total | 810 | 474 | 389 | 653 | -6.9% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Hong Kong SAR in 2022:
- China (287.4 tons)
- South Korea (6.3 tons)
- Singapore (3.2 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of tube or pipe butt welding fittings, other than stainless steels, which decreased by -56.1% to 3 tons in 2022. Overall, exports saw a sharp contraction. The smallest decline of -13.1% was in 2020.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels dropped markedly to $19K in 2022. Over the period under review, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 79%. As a result, the exports attained the peak of $140K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.2 | 80.1 | 77.3 | 19.1 | -36.9% |
| Others | 2.0 | 59.9 | 1.1 | N/A | -25.8% |
| Total | 78.2 | 140 | 78.5 | 19.1 | -37.5% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Hong Kong SAR in 2022:
- China (3.0 tons)
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