Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $4,261 per ton in 2022, increasing by 27% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The import price peaked at $5,217 per ton in 2013; however, from 2014 to 2022, 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 India ($4,763 per ton), while the price for Italy ($2,967 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), 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 Kuwait (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $2,990 per ton in 2022, declining by -17.9% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2020 an increase of 44% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,643 per ton in 2021, and then reduced remarkably in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($14,054 per ton), while the average price for exports to the United Arab Emirates ($889 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 Egypt (+122.6%), 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 Kuwait
In 2022, purchases abroad of tube or pipe butt welding fittings, other than stainless steels increased by 41% to 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a dramatic setback.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $5.6M in 2022. Over the period under review, imports, however, saw a dramatic shrinkage.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 3.2 | 1.0 | 2.8 | -38.4% |
| Italy | 5.7 | 2.1 | 1.3 | 1.3 | -38.9% |
| South Korea | 3.0 | 0.5 | 0.2 | 0.3 | -53.6% |
| India | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Thailand | 0.8 | 0.3 | 0.1 | 0.2 | -37.0% |
| Czech Republic | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.5 | 1.2 | 0.5 | 0.6 | -37.9% |
| Total | 24.1 | 7.4 | 3.1 | 5.6 | -38.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Kuwait in 2022:
- China (597.6 tons)
- Italy (452.1 tons)
- South Korea (60.4 tons)
- India (46.5 tons)
- Thailand (32.4 tons)
- Czech Republic (23.8 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait
Exports of tube or pipe butt welding fittings, other than stainless steels from Kuwait skyrocketed to 23 tons in 2022, with an increase of 50% against the previous year's figure. Over the period under review, exports, however, saw a abrupt shrinkage.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels soared to $68K in 2022. Overall, exports, however, showed a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 91% against the previous year. As a result, the exports attained the peak of $183K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 21.6 | 95.8 | 28.5 | 30.0 | 11.6% |
| Qatar | 32.6 | 57.2 | 17.0 | 17.9 | -18.1% |
| India | 10.2 | 7.9 | 8.3 | 16.1 | 16.4% |
| United Arab Emirates | 18.8 | 14.0 | 0.4 | 3.1 | -45.2% |
| Oman | 6.5 | 4.8 | 0.9 | 0.5 | -57.5% |
| Egypt | 3.8 | N/A | N/A | 0.2 | -62.5% |
| Others | 1.8 | 2.8 | 0.3 | 0.3 | -45.0% |
| Total | 95.4 | 183 | 55.3 | 68.2 | -10.6% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Kuwait in 2022:
- India (12.2 tons)
- Saudi Arabia (5.2 tons)
- United Arab Emirates (3.5 tons)
- Qatar (1.3 tons)
- Oman (0.4 tons)
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