Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $5,002 per ton in 2022, increasing by 28% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe butt welding fittings, other than stainless steels increased by +14.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 57%. Over the period under review, average import prices reached the peak figure at $6,302 per ton in 2015; however, from 2016 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 India ($5,216 per ton), while the price for Singapore ($1,332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), 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 Oman (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $4,784 per ton in 2022, with an increase of 35% against the previous year. Overall, the export price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2019 an increase of 42%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($6,076 per ton), while the average price for exports to India ($1,759 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 Qatar (+7.7%), 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 Oman
After two years of decline, overseas purchases of tube or pipe butt welding fittings, other than stainless steels increased by 39% to 2.1K tons in 2022. Over the period under review, imports, however, faced a sharp curtailment.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels surged to $10M in 2022. In general, imports, however, saw a drastic downturn.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 10.3 | 6.3 | 2.9 | 6.6 | -13.8% |
| China | 2.2 | 2.7 | 0.5 | 1.0 | -23.1% |
| Saudi Arabia | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Thailand | 0.1 | 0.3 | 0.2 | 0.5 | 71.0% |
| India | 0.4 | 0.2 | 0.3 | 0.4 | 0.0% |
| Italy | 1.6 | 0.4 | 0.2 | 0.3 | -42.8% |
| South Korea | 2.6 | 1.1 | 0.4 | 0.1 | -66.2% |
| Singapore | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.7 | 0.9 | 0.9 | 14.5% |
| Total | 18.0 | 12.0 | 5.8 | 10.4 | -16.7% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Oman in 2022:
- United Arab Emirates (1274.6 tons)
- Thailand (218.2 tons)
- China (194.1 tons)
- Saudi Arabia (93.7 tons)
- India (74.4 tons)
- Italy (48.9 tons)
- Singapore (31.7 tons)
- South Korea (28.2 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman
In 2022, approx. 17 tons of tube or pipe butt welding fittings, other than stainless steels were exported from Oman; which is down by -49.6% compared with the year before. Overall, exports continue to indicate a dramatic decline. The smallest decline of -13.3% was in 2020.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels reduced dramatically to $80K in 2022. In general, exports faced a dramatic decline. The smallest decline of -28.8% was in 2020.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 50.1 | 98.7 | 21.1 | 20.2 | -26.1% |
| Qatar | 76.7 | 197 | 21.6 | 19.3 | -36.9% |
| Kuwait | 90.1 | 32.9 | 15.4 | 15.8 | -44.0% |
| India | 1.2 | 1.3 | 2.9 | 5.6 | 67.1% |
| Indonesia | N/A | N/A | 30.7 | 3.9 | -87.3% |
| South Korea | 207 | N/A | N/A | N/A | 0% |
| China | 39.9 | N/A | N/A | N/A | 0% |
| United Kingdom | 30.1 | N/A | N/A | N/A | 0% |
| Others | 35.6 | 47.5 | 25.9 | 15.0 | -25.0% |
| Total | 530 | 378 | 118 | 79.8 | -46.8% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Oman in 2022:
- United Arab Emirates (7.0 tons)
- Qatar (3.2 tons)
- India (3.2 tons)
- Kuwait (2.8 tons)
- Indonesia (0.1 tons)
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