Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $3,131 per ton, rising by 43% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $3,235 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Italy ($9,803 per ton), while the price for China ($2,851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), 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 Russia (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $5,116 per ton in 2022, growing by 46% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by 70%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady 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 Ukraine ($5,970 per ton), while the average price for exports to Kyrgyzstan ($2,951 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 Serbia (+5.5%), 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 Russia
In 2022, overseas purchases of tube or pipe butt welding fittings, other than stainless steels decreased by -24.5% to 17K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of 31K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels expanded notably to $54M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $59M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.8 | 18.0 | 23.7 | 42.2 | 33.3% |
| Turkey | 1.2 | 2.1 | 1.8 | 5.3 | 64.1% |
| Italy | 12.2 | 2.0 | 1.3 | 2.0 | -45.3% |
| Germany | 1.1 | 2.2 | 1.4 | 1.8 | 17.8% |
| South Korea | 2.5 | 14.7 | 3.3 | 0.9 | -28.9% |
| Belarus | 12.6 | 11.4 | 14.1 | N/A | 5.8% |
| Others | 4.5 | 8.5 | 4.5 | 2.0 | -23.7% |
| Total | 51.9 | 59.0 | 50.1 | 54.2 | 1.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Russia in 2022:
- China (14.8K tons)
- Turkey (1.6K tons)
- Germany (0.3K tons)
- Italy (0.2K tons)
- South Korea (0.2K tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia
Exports of tube or pipe butt welding fittings, other than stainless steels from Russia dropped significantly to 3.1K tons in 2022, shrinking by -56.6% on 2021. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 7.2K tons, and then shrank significantly in the following year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels shrank markedly to $16M in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 9.3 | 10.4 | 15.0 | 10.5 | 4.1% |
| Azerbaijan | 1.3 | 0.3 | 0.3 | 2.0 | 15.4% |
| Uzbekistan | 0.9 | 1.0 | 1.7 | 1.3 | 13.0% |
| Armenia | 0.4 | 0.2 | 0.3 | 1.2 | 44.2% |
| Ukraine | 0.4 | 1.7 | 1.8 | 0.1 | -37.0% |
| Serbia | 9.0 | 2.0 | N/A | N/A | -77.8% |
| Belarus | 6.2 | 4.0 | 4.3 | N/A | -16.7% |
| Others | 1.9 | 3.3 | 2.0 | 0.9 | -22.0% |
| Total | 29.3 | 22.8 | 25.3 | 16.0 | -18.3% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Russia in 2022:
- Kazakhstan (1990.1 tons)
- Azerbaijan (381.2 tons)
- Uzbekistan (352.2 tons)
- Armenia (222.3 tons)
- Ukraine (14.1 tons)
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