Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $1,271 per ton in 2022, rising by 1.6% against the previous year. Over the period under review, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. The import price peaked at $6,027 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($10,120 per ton), while the price for China ($1,124 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.1%), while the prices for the other major suppliers experienced a decline.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $3,297 per ton in 2022, dropping by -2.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. As a result, the export price attained the peak level of $3,373 per ton, and then contracted slightly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($6,450 per ton), while the average price for exports to Argentina ($1,896 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 Oman (+6.0%), 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 India
In 2022, approx. 37K tons of tube or pipe butt welding fittings, other than stainless steels were imported into India; picking up by 39% against 2021. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2020 indices. 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 $47M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2019 indices. As a result, imports attained 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 India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 23.4 | 21.3 | 25.5 | 40.3 | 19.9% |
Others | 5.3 | 10.7 | 7.6 | 6.5 | 7.0% |
Total | 28.7 | 32.0 | 33.0 | 46.8 | 17.7% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to India in 2022:
- China (35.8K tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India
In 2022, exports of tube or pipe butt welding fittings, other than stainless steels from India surged to 6.5K tons, rising by 65% against 2021 figures. Overall, exports saw a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 69% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels surged to $21M in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 92% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5,138 | 1,852 | 2,502 | 7,433 | 13.1% |
Nigeria | 416 | 474 | 933 | 2,131 | 72.4% |
United Arab Emirates | 733 | 630 | 746 | 1,517 | 27.4% |
Italy | 182 | 238 | 1,087 | 1,504 | 102.2% |
Saudi Arabia | 970 | 372 | 608 | 718 | -9.5% |
Mexico | 615 | 287 | 876 | 565 | -2.8% |
Iraq | 27.6 | 24.0 | 41.1 | 543 | 170.0% |
Tanzania | 28.8 | 28.8 | 119 | 469 | 153.5% |
Poland | 42.3 | 79.2 | 141 | 434 | 117.3% |
Spain | 406 | 595 | 550 | 367 | -3.3% |
Slovenia | N/A | N/A | 57.9 | 273 | 371.5% |
Argentina | 243 | 92.5 | 335 | 269 | 3.4% |
United Kingdom | 295 | 504 | 103 | 146 | -20.9% |
Others | 2,262 | 1,726 | 5,167 | 5,024 | 30.5% |
Total | 11,358 | 6,902 | 13,266 | 21,392 | 23.5% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from India in 2022:
- United States (3000.1 tons)
- Nigeria (658.0 tons)
- United Arab Emirates (397.1 tons)
- Italy (376.2 tons)
- Mexico (213.7 tons)
- Iraq (167.9 tons)
- Spain (148.5 tons)
- Argentina (141.6 tons)
- Slovenia (135.4 tons)
- Poland (109.7 tons)
- Tanzania (103.1 tons)
- Saudi Arabia (71.7 tons)
- United Kingdom (63.5 tons)
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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.
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...
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...
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
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.
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...
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...
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