Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya - 2023
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $2,700 per ton in 2022, with an increase of 41% against the previous year. Over the period under review, the import price showed slight growth. The most prominent rate of growth was recorded in 2018 an increase of 51%. The import price peaked at $3,567 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($9,637 per ton), while the price for China ($1,392 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+67.2%), 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 Kenya (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $7,255 per ton, with an increase of 6.6% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +98.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 Zambia ($20,750 per ton), while the average price for exports to Democratic Republic of the Congo ($353 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 Uganda (+37.7%), 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 Kenya
Imports of tube or pipe butt welding fittings, other than stainless steels into Kenya expanded remarkably to 59 tons in 2022, growing by 6.8% on 2021. In general, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $158K in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +52.9% against 2020 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 Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.3 | 8.2 | 33.5 | 61.0 | 34.1% |
| United Arab Emirates | 10.1 | 4.5 | 29.1 | 27.5 | 39.6% |
| Turkey | 1.9 | 0.2 | 0.6 | 24.4 | 134.2% |
| Netherlands | 41.4 | 3.9 | 20.4 | 15.4 | -28.1% |
| Germany | 2.0 | 0.4 | 1.5 | 6.2 | 45.8% |
| India | 0.7 | 0.1 | 2.6 | 3.5 | 71.0% |
| Australia | 3.4 | 2.7 | 1.9 | 3.2 | -2.0% |
| South Korea | 4.1 | 0.6 | 2.8 | 1.9 | -22.6% |
| Spain | N/A | 77.6 | 3.4 | N/A | -95.6% |
| Others | 17.5 | 5.5 | 9.7 | 15.4 | -4.2% |
| Total | 106 | 104 | 106 | 158 | 14.2% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Kenya in 2022:
- China (43.8 tons)
- United Arab Emirates (5.0 tons)
- Turkey (3.1 tons)
- Netherlands (1.6 tons)
- Australia (1.5 tons)
- Germany (1.1 tons)
- India (0.9 tons)
- South Korea (0.4 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya
For the third consecutive year, Kenya recorded decline in overseas shipments of tube or pipe butt welding fittings, other than stainless steels, which decreased by -45.9% to 231 kg in 2022. Overall, exports continue to indicate a sharp descent.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels declined sharply to $1.7K in 2022. Over the period under review, exports recorded a sharp downturn. The smallest decline of -33.2% was in 2021.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | 11.8 | 3.0 | 1.5 | 1.0 | -56.1% |
| Uganda | 2.5 | 0.6 | 0.5 | 0.4 | -45.7% |
| Tanzania | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Zambia | 1.8 | 0.4 | 0.2 | 0.1 | -61.8% |
| South Sudan | 1.6 | N/A | N/A | N/A | 0% |
| Rwanda | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Democratic Republic of the Congo | 1.2 | 0.2 | 0.1 | N/A | -71.1% |
| Others | 2.6 | N/A | 0.6 | N/A | -52.0% |
| Total | 21.8 | 4.4 | 2.9 | 1.7 | -57.3% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Kenya in 2022:
- Democratic Republic of the Congo (102.0 kg)
- Burundi (62.0 kg)
- Uganda (42.0 kg)
- Tanzania (16.0 kg)
- Rwanda (5.0 kg)
- Zambia (4.0 kg)
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