Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $3,840 per ton in 2022, increasing by 5.6% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +99.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 35%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
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 Singapore ($17,660 per ton), while the price for China ($1,668 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.9%), 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 Indonesia (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $10,875 per ton, jumping by 25% against the previous year. Overall, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 85% against the previous year. 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 Qatar ($19,033 per ton), while the average price for exports to Japan ($1,046 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 Singapore (+12.7%), 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 Indonesia
In 2022, approx. 19K tons of tube or pipe butt welding fittings, other than stainless steels were imported into Indonesia; waning by -2.3% against the previous year. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of 19K tons, and then declined in the following year.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels rose to $71M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +58.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.2 | 17.8 | 34.4 | 31.4 | 114.1% |
| China | 13.0 | 7.0 | 8.8 | 19.7 | 14.9% |
| Italy | 4.6 | 9.4 | 10.1 | 6.2 | 10.5% |
| Singapore | 15.3 | 8.7 | 3.3 | 2.5 | -45.3% |
| Thailand | 1.7 | 1.8 | 1.3 | 1.2 | -11.0% |
| Others | 7.1 | 7.7 | 11.0 | 10.0 | 12.1% |
| Total | 44.8 | 52.3 | 68.8 | 71.1 | 16.6% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Indonesia in 2022:
- China (11.8K tons)
- South Korea (5.3K tons)
- Italy (0.5K tons)
- Thailand (0.2K tons)
- Singapore (0.1K tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia
In 2022, overseas shipments of tube or pipe butt welding fittings, other than stainless steels decreased by -33.9% to 611 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 140% against the previous year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels shrank rapidly to $6.6M in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 112% against the previous year.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 23.4 | 935 | 5,819 | 4,159 | 462.2% |
| Singapore | 312 | 1,251 | 572 | 1,146 | 54.3% |
| Qatar | 187 | 548 | 301 | 625 | 49.5% |
| India | 854 | 333 | 99.8 | 348 | -25.9% |
| United Arab Emirates | 348 | 436 | 251 | 240 | -11.6% |
| Japan | N/A | N/A | 55.1 | 0.3 | -99.5% |
| Nigeria | 136 | N/A | N/A | N/A | 0% |
| Ghana | N/A | 1,634 | N/A | N/A | 0% |
| Others | 623 | 139 | 973 | 131 | -40.5% |
| Total | 2,483 | 5,277 | 8,070 | 6,649 | 38.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Indonesia in 2022:
- Saudi Arabia (380.9 tons)
- Singapore (112.0 tons)
- India (60.1 tons)
- Qatar (32.8 tons)
- United Arab Emirates (19.5 tons)
- Japan (0.3 tons)
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