Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico (FOB) - 2024
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico (CIF) - 2024
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $5,628 per ton in March 2024, with an increase of 15% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 68% m-o-m. Over the period under review, average import prices attained the maximum at $8,603 per ton in May 2023; however, from June 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($40,645 per ton), while the price for China ($2,059 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Thailand (+6.8%), 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 Mexico (FOB) - 2024
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $3,486 per ton in March 2024, growing by 23% against the previous month. Overall, export price indicated a slight expansion from March 2023 to March 2024: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for tube or pipe butt welding fittings, other than stainless steels increased by +54.5% against January 2024 indices. The most prominent rate of growth was recorded in July 2023 an increase of 45% m-o-m. As a result, the export price attained the peak level of $4,101 per ton. From August 2023 to March 2024, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From March 2023 to March 2024, the rate of growth in terms of prices for the United States amounted to +1.3% per month.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico
In 2022, overseas purchases of tube or pipe butt welding fittings, other than stainless steels were finally on the rise to reach 5.2K tons after two years of decline. Overall, imports, however, showed a deep downturn.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $32M in 2022. Over the period under review, imports showed a relatively flat trend pattern. 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.4 | 8.8 | 7.6 | 11.0 | -1.2% |
| China | 6.1 | 2.2 | 1.7 | 7.0 | 4.7% |
| South Korea | 3.6 | 1.9 | 2.2 | 4.7 | 9.3% |
| Canada | 0.8 | 2.5 | 0.2 | 2.3 | 42.2% |
| Italy | 3.0 | 2.9 | 1.4 | 1.6 | -18.9% |
| Malaysia | 1.6 | 0.2 | 1.0 | 1.4 | -4.4% |
| Taiwan (Chinese) | 1.4 | 0.5 | 0.8 | 0.8 | -17.0% |
| Others | 3.6 | 3.2 | 1.9 | 2.9 | -7.0% |
| Total | 31.3 | 22.3 | 16.9 | 31.7 | 0.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Mexico in 2022:
- China (1866.5 tons)
- South Korea (1232.1 tons)
- United States (574.6 tons)
- Malaysia (536.3 tons)
- Taiwan (Chinese) (237.0 tons)
- Canada (206.8 tons)
- Italy (131.3 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico
In 2022, the amount of tube or pipe butt welding fittings, other than stainless steels exported from Mexico surged to 4.2K tons, jumping by 185% compared with the previous year's figure. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels surged to $12M in 2022. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.0 | 3.9 | 4.2 | 11.9 | 9.8% |
| Colombia | 0.1 | 1.1 | N/A | N/A | 1000.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 9.1 | 5.2 | 4.2 | 11.9 | 9.4% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Mexico in 2022:
- United States (4.2K tons)
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