Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco - 2023
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco (CIF) - 2023
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco (CIF) - 2023
In June 2023, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $2,667 per ton, rising by 13% against the previous month. Overall, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in February 2023 an increase of 176% m-o-m. The import price peaked at $10,375 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -11.9% per month.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $8,689 per ton, surging by 239% against the previous year. In general, the export price, however, recorded a precipitous descent. The export price peaked at $177,000 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($9,168 per ton), while the average price for exports to Cote d'Ivoire ($2,661 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco
In 2022, supplies from abroad of tube or pipe butt welding fittings, other than stainless steels was finally on the rise to reach 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed significant growth. 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 $2.8M in 2022. In general, imports showed significant growth. 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 Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,055 | 671 | 661 | 2,360 | 30.8% |
| Italy | 162 | 85.0 | 303 | 239 | 13.8% |
| Others | 341 | 162 | 115 | 247 | -10.2% |
| Total | 1,558 | 918 | 1,080 | 2,847 | 22.3% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Morocco in 2022:
- China (1240.3 tons)
- Italy (45.2 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco
In 2022, shipments abroad of tube or pipe butt welding fittings, other than stainless steels decreased by -59.5% to 24 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,732% against the previous year. As a result, the exports reached the peak of 60 tons, and then dropped dramatically in the following year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $210K in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,396%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | 0.1 | N/A | 0.3 | 203 | 1166.2% |
| Cote d'Ivoire | 2.8 | 5.1 | 1.8 | 3.2 | 4.6% |
| Sudan | N/A | 2.7 | 148 | 3.0 | 5.4% |
| Others | 3.5 | 2.4 | 2.4 | 0.7 | -41.5% |
| Total | 6.4 | 10.2 | 153 | 210 | 220.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Morocco in 2022:
- Mauritania (22.1 tons)
- Cote d'Ivoire (1.2 tons)
- Sudan (0.6 tons)
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