Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Nepal - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Nepal (CIF) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Nepal
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Nepal (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $2,152 per ton, with an increase of 6.9% against the previous year. In general, the import price, however, showed a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of 13% against the previous year. The import price peaked at $2,851 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 China ($3,360 per ton), while the price for India amounted to $1,721 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%).
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Nepal
After three years of growth, supplies from abroad of tube or pipe butt welding fittings, other than stainless steels decreased by -13.6% to 86 tons in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year. As a result, imports reached the peak of 100 tons, and then contracted in the following year.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels declined to $185K in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, imports reached the peak of $200K, and then contracted in the following year.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 83.8 | 95.1 | 167 | 109 | 9.2% |
| China | 19.6 | 3.2 | 33.3 | 75.9 | 57.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 103 | 98.4 | 200 | 185 | 21.6% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Nepal in 2022:
- India (63.4 tons)
- China (22.6 tons)
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