Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $1,754 per ton, jumping by 36% against the previous year. Overall, the import price, however, saw a deep slump. Over the period under review, average import prices reached the maximum at $3,629 per ton in 2013; however, from 2014 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 South Korea ($6,359 per ton), while the price for the United Arab Emirates ($927 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), 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 Iran (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $1,411 per ton, shrinking by -19.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2019 when the average export price increased by 35%. As a result, the export price reached the peak level of $2,411 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($1,642 per ton), while the average price for exports to Turkmenistan ($934 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 Iraq (+2.4%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran
In 2022, imports of tube or pipe butt welding fittings, other than stainless steels into Iran surged to 11K tons, jumping by 21% on the previous year. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 187% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels surged to $20M in 2022. In general, imports recorded a prominent expansion. 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 Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 2.8 | 3.5 | 12.5 | 54.3% |
| United Arab Emirates | 2.3 | 1.7 | 4.9 | 3.3 | 12.8% |
| Turkey | 1.0 | 0.5 | 1.3 | 2.4 | 33.9% |
| Singapore | 2.9 | 0.9 | 0.8 | 0.2 | -59.0% |
| Italy | 1.4 | 0.5 | 0.3 | 0.1 | -58.5% |
| Others | 1.7 | 0.9 | 1.2 | 1.1 | -13.5% |
| Total | 12.7 | 7.2 | 11.9 | 19.5 | 15.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Iran in 2022:
- China (6.2K tons)
- United Arab Emirates (3.6K tons)
- Turkey (0.9K tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran
In 2022, the amount of tube or pipe butt welding fittings, other than stainless steels exported from Iran surged to 312 tons, jumping by 37% on the year before. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 416% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels rose rapidly to $440K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 254% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 23.1 | 60.1 | 274 | 253 | 122.1% |
| Russia | 1.9 | 7.5 | 18.5 | 67.4 | 228.6% |
| Turkmenistan | 0.8 | 4.1 | 24.1 | 59.3 | 320.1% |
| Kyrgyzstan | 2.3 | 8.9 | 27.2 | 41.9 | 163.1% |
| Iraq | 0.5 | 1.0 | 0.5 | 10.3 | 174.1% |
| Uzbekistan | 7.3 | 45.5 | 51.5 | N/A | 165.6% |
| Others | 0.3 | 0.8 | 1.8 | 7.8 | 196.2% |
| Total | 36.1 | 128 | 398 | 440 | 130.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Iran in 2022:
- Turkey (154.2 tons)
- Turkmenistan (63.5 tons)
- Russia (42.5 tons)
- Kyrgyzstan (39.0 tons)
- Iraq (7.4 tons)
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