Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $9,761 per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 77% against the previous year. As a result, import price attained the peak level of $10,652 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($26,792 per ton), while the price for Belgium ($5,353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.1%), 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 Norway (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $28,984 per ton, rising by 25% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 160%. Over the period under review, the average export prices hit record highs at $50,512 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($75,458 per ton), while the average price for exports to Sweden ($4,781 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 Nigeria (+58.1%), 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 Norway
In 2022, overseas purchases of tube or pipe butt welding fittings, other than stainless steels were finally on the rise to reach 748 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt contraction.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $7.3M in 2022. In general, imports, however, faced a abrupt setback.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,461 | 707 | 1,443 | 2,124 | 13.3% |
| United Kingdom | 7,544 | 1,311 | 1,264 | 1,533 | -41.2% |
| Austria | 859 | 1,441 | 966 | 1,115 | 9.1% |
| Sweden | 1,088 | 992 | 811 | 852 | -7.8% |
| Germany | 406 | 516 | 355 | 709 | 20.4% |
| Denmark | 380 | 645 | 299 | 281 | -9.6% |
| Belgium | 506 | N/A | N/A | 106 | -40.6% |
| Thailand | 49.2 | 84.4 | 74.9 | 72.8 | 14.0% |
| Romania | 222 | 113 | 4.8 | 11.6 | -62.6% |
| Others | 1,362 | 493 | 419 | 492 | -28.8% |
| Total | 13,877 | 6,302 | 5,637 | 7,297 | -19.3% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Norway in 2022:
- Austria (194.8 tons)
- Sweden (144.4 tons)
- Italy (115.8 tons)
- Germany (114.0 tons)
- United Kingdom (57.2 tons)
- Denmark (31.5 tons)
- Belgium (19.9 tons)
- Thailand (15.1 tons)
- Romania (1.4 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway
Exports of tube or pipe butt welding fittings, other than stainless steels from Norway reduced sharply to 47 tons in 2022, declining by -29.1% compared with 2021 figures. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports reached the peak of 66 tons, and then dropped notably in the following year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels reduced to $1.4M in 2022. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 111%.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,239 | 83.0 | 330 | 425 | -30.0% |
| Lithuania | N/A | N/A | N/A | 292 | 0% |
| Poland | 244 | 66.8 | 448 | 221 | -3.2% |
| Singapore | 271 | 231 | 274 | 205 | -8.9% |
| Netherlands | 2.7 | 3.1 | 1.3 | 103 | 236.6% |
| Turkey | 2.7 | N/A | N/A | 19.0 | 91.6% |
| Canada | 2.6 | 50.0 | 7.8 | 13.4 | 72.7% |
| Sweden | 20.5 | 40.5 | 29.9 | 6.5 | -31.8% |
| Malaysia | 141 | 51.7 | N/A | 5.2 | -66.7% |
| Russia | 155 | 24.3 | 5.0 | 4.5 | -69.3% |
| United Kingdom | 23.5 | 82.1 | 262 | 3.4 | -47.5% |
| Denmark | 104 | 13.3 | 2.7 | 2.4 | -71.5% |
| Others | 190 | 81.3 | 176 | 65.2 | -30.0% |
| Total | 2,396 | 727 | 1,537 | 1,365 | -17.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Norway in 2022:
- Thailand (16.5 tons)
- Poland (10.8 tons)
- Lithuania (7.7 tons)
- Singapore (4.7 tons)
- Netherlands (2.0 tons)
- Sweden (1.4 tons)
- Turkey (1.2 tons)
- Canada (0.7 tons)
- United Kingdom (0.3 tons)
- Denmark (0.2 tons)
- Russia (0.1 tons)
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