Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iraq - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iraq (CIF) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iraq
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iraq (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $4,170 per ton, surging by 12% against the previous year. Overall, the import price saw a noticeable increase. The pace of growth appeared the most rapid in 2018 an increase of 86% against the previous year. As a result, import price reached the peak level of $6,975 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Italy ($6,350 per ton), while the price for Thailand ($2,407 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Iraq
In 2022, overseas purchases of tube or pipe butt welding fittings, other than stainless steels were finally on the rise to reach 6.7K tons after two years of decline. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three years. 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.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels soared to $28M in 2022. In general, imports showed a buoyant 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 Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 2.3 | 5.2 | 17.6 | 69.7% |
| Italy | 5.7 | 3.0 | 2.6 | 5.6 | -0.6% |
| United Arab Emirates | 5.9 | 7.0 | 2.8 | 1.6 | -35.3% |
| Turkey | 0.5 | 0.3 | 1.2 | 1.1 | 30.1% |
| South Korea | 1.8 | 0.1 | 0.4 | 1.0 | -17.8% |
| Thailand | N/A | N/A | N/A | 0.6 | 0% |
| India | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.3 | 0.3 | 1.6 | 0.1 | -30.7% |
| Total | 17.8 | 13.0 | 13.9 | 28.1 | 16.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Iraq in 2022:
- China (4721.8 tons)
- Italy (883.4 tons)
- United Arab Emirates (271.8 tons)
- Thailand (266.6 tons)
- Turkey (216.3 tons)
- South Korea (202.4 tons)
- India (170.2 tons)
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