Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $4,658 per ton in 2022, growing by 46% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe butt welding fittings, other than stainless steels increased by +50.5% against 2020 indices. The import price peaked at $5,060 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 Germany ($5,965 per ton), while the price for China ($1,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.0%), 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 Hungary (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $5,382 per ton in 2022, rising by 13% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe butt welding fittings, other than stainless steels increased by +79.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($10,628 per ton), while the average price for exports to Serbia ($3,557 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 Romania (+7.9%), 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 Hungary
In 2022, imports of tube or pipe butt welding fittings, other than stainless steels into Hungary amounted to 1.3K tons, therefore, remained relatively stable against the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.9%. As a result, imports reached the peak of 1.4K 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 soared to $6.1M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 608 | 959 | 851 | 1,669 | 40.0% |
| Slovakia | 892 | 394 | 473 | 915 | 0.9% |
| Romania | 488 | 915 | 585 | 774 | 16.6% |
| Poland | 794 | 571 | 757 | 577 | -10.1% |
| Italy | 250 | 289 | 625 | 556 | 30.5% |
| Austria | 284 | 259 | 352 | 440 | 15.7% |
| Czech Republic | 49.4 | 141 | 59.0 | 248 | 71.2% |
| China | 84.3 | 40.4 | 70.5 | 141 | 18.7% |
| Turkey | 827 | 377 | 10.1 | N/A | -88.9% |
| Others | 323 | 373 | 357 | 802 | 35.4% |
| Total | 4,600 | 4,318 | 4,140 | 6,122 | 10.0% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Hungary in 2022:
- Germany (279.8 tons)
- Slovakia (206.3 tons)
- Romania (166.3 tons)
- China (139.7 tons)
- Poland (115.9 tons)
- Italy (106.9 tons)
- Austria (86.0 tons)
- Czech Republic (81.9 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary
In 2022, the amount of tube or pipe butt welding fittings, other than stainless steels exported from Hungary reduced to 494 tons, shrinking by -14% against 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 115% against the previous year. As a result, the exports attained the peak of 575 tons, and then contracted in the following year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels dropped to $2.7M in 2022. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. As a result, the exports reached the peak of $2.7M, and then contracted modestly in the following year.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 401 | 70.9 | 599 | 1,133 | 41.4% |
| Serbia | 294 | 117 | 355 | 460 | 16.1% |
| Germany | 612 | 437 | 326 | 265 | -24.3% |
| Romania | 116 | 199 | 312 | 185 | 16.8% |
| Slovakia | 198 | 71.6 | 348 | 121 | -15.1% |
| Bosnia and Herzegovina | 75.5 | 78.8 | 85.3 | 69.2 | -2.9% |
| Kosovo | N/A | N/A | 105 | 47.4 | -54.9% |
| North Macedonia | 54.8 | 75.1 | 129 | 9.3 | -44.6% |
| Others | 199 | 277 | 490 | 370 | 23.0% |
| Total | 1,951 | 1,325 | 2,748 | 2,659 | 10.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Hungary in 2022:
- Croatia (224.9 tons)
- Serbia (129.2 tons)
- Slovakia (27.7 tons)
- Romania (26.6 tons)
- Germany (24.9 tons)
- Bosnia and Herzegovina (13.3 tons)
- Kosovo (11.3 tons)
- North Macedonia (2.8 tons)
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