Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia (FOB) - 2024
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $1,699 per ton in April 2024, shrinking by -7.5% against the previous month. Overall, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in March 2024 an increase of 3.2% month-to-month. Over the period under review, the average export prices hit record highs at $2,291 per ton in April 2023; however, from May 2023 to April 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In April 2024, the country with the highest price was Indonesia ($5,335 per ton), while the average price for exports to Turkey ($1,115 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.0%), while the prices for the other major destinations experienced a decline.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $2,101 per ton in 2022, with a decrease of -25.2% against the previous year. In general, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29% against the previous year. The import price peaked at $3,595 per ton in 2014; however, from 2015 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 South Korea ($6,417 per ton), while the price for India ($1,417 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 (+1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia
In 2022, approx. 20K tons of tube or pipe butt welding fittings, other than stainless steels were exported from Malaysia; with a decrease of -2.4% on the previous year. In general, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 126% against the previous year. As a result, the exports reached the peak of 21K tons, and then fell modestly in the following year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels surged to $44M in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 116% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.0 | 10.4 | 22.6 | 38.5 | 24.4% |
| Indonesia | 0.1 | 0.3 | 0.9 | 1.5 | 146.6% |
| Turkey | 1.2 | 1.0 | 1.4 | 1.4 | 5.3% |
| Mexico | 1.5 | 0.4 | 0.7 | 0.8 | -18.9% |
| Canada | 0.9 | 0.2 | 0.8 | 0.5 | -17.8% |
| Others | 0.7 | 1.7 | 3.8 | 0.9 | 8.7% |
| Total | 24.4 | 13.9 | 30.1 | 43.6 | 21.3% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Malaysia in 2022:
- United States (17.8K tons)
- Indonesia (1.0K tons)
- Turkey (0.6K tons)
- Mexico (0.4K tons)
- Canada (0.2K tons)
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia
In 2022, imports of tube or pipe butt welding fittings, other than stainless steels into Malaysia contracted to 4.7K tons, with a decrease of -8% on the previous year's figure. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 26%.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels fell significantly to $9.9M in 2022. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 33%.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 3.7 | 5.0 | 7.1 | 7.6% |
| South Korea | 6.6 | 1.4 | 2.0 | 1.2 | -43.3% |
| Singapore | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
| Italy | 0.6 | 0.1 | 0.6 | 0.2 | -30.7% |
| Thailand | 1.2 | 0.7 | 0.2 | 0.2 | -45.0% |
| India | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
| Japan | 0.1 | 0.7 | 1.3 | 0.1 | 0.0% |
| United States | 2.5 | 3.1 | 3.9 | N/A | 24.9% |
| Others | 0.8 | 0.5 | 0.8 | 0.6 | -9.1% |
| Total | 18.2 | 10.8 | 14.4 | 9.9 | -18.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Malaysia in 2022:
- China (4128.1 tons)
- South Korea (191.3 tons)
- Singapore (90.1 tons)
- India (88.2 tons)
- Italy (49.6 tons)
- Thailand (47.3 tons)
- Japan (26.7 tons)
- United States (5.0 tons)
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