Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore - 2023
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $6,198 per ton in 2022, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($16,052 per ton), while the price for China ($3,404 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+23.2%), 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 Singapore (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $6,591 per ton in 2022, surging by 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2018 an increase of 36% against the previous year. Over the period under review, the average export prices attained the maximum at $6,680 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($25,720 per ton), while the average price for exports to Bangladesh ($2,925 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 Mexico (+73.0%), 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 Singapore
In 2022, overseas purchases of tube or pipe butt welding fittings, other than stainless steels decreased by -36.5% to 2.4K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8% against the previous year. As a result, imports attained the peak of 5.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels fell notably to $15M in 2022. Over the period under review, imports showed a abrupt decrease. The smallest decline of -1.1% was in 2020.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.6 | 6.2 | 4.0 | 3.1 | -25.8% |
| China | 4.6 | 3.0 | 2.3 | 2.9 | -14.3% |
| Italy | 5.5 | 4.3 | 4.1 | 1.8 | -31.1% |
| Indonesia | 0.6 | 2.9 | 1.2 | 1.2 | 26.0% |
| Thailand | 1.9 | 1.0 | 0.9 | 1.0 | -19.3% |
| Belgium | 0.8 | 0.7 | 1.0 | 0.9 | 4.0% |
| United States | 0.2 | 1.3 | 0.1 | 0.8 | 58.7% |
| Malaysia | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Japan | 0.6 | 2.1 | 4.2 | 0.3 | -20.6% |
| Others | 3.6 | 3.6 | 2.8 | 2.3 | -13.9% |
| Total | 25.5 | 25.2 | 20.7 | 14.7 | -16.8% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Singapore in 2022:
- China (855.9 tons)
- South Korea (618.0 tons)
- Thailand (198.8 tons)
- Italy (111.6 tons)
- Malaysia (102.9 tons)
- Indonesia (99.1 tons)
- Japan (92.3 tons)
- Belgium (78.3 tons)
- United States (57.3 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore
In 2022, shipments abroad of tube or pipe butt welding fittings, other than stainless steels decreased by -36.5% to 1.8K tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports attained the peak of 3.4K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels fell markedly to $12M in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, the exports attained the peak of $21M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 8.0 | 8.0 | 7.7 | 3.9 | -21.3% |
| Thailand | 0.7 | 0.6 | 1.1 | 1.9 | 39.5% |
| Mexico | N/A | 4.1 | N/A | 0.9 | -53.1% |
| United Kingdom | N/A | 0.4 | N/A | 0.9 | 50.0% |
| Malaysia | 1.4 | 1.0 | 1.1 | 0.9 | -13.7% |
| Saudi Arabia | 0.2 | N/A | 0.9 | 0.7 | 51.8% |
| Australia | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| China | 0.4 | 0.2 | 0.4 | 0.3 | -9.1% |
| Iran | 3.1 | N/A | N/A | 0.2 | -59.9% |
| Bangladesh | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Philippines | 0.2 | 0.4 | 0.2 | 0.2 | 0.0% |
| United States | 0.4 | 2.5 | 2.8 | 0.1 | -37.0% |
| Brunei Darussalam | 0.1 | 0.2 | 1.7 | 0.1 | 0.0% |
| Others | 2.0 | 2.9 | 1.3 | 1.2 | -15.7% |
| Total | 16.6 | 20.6 | 17.6 | 11.9 | -10.5% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Singapore in 2022:
- Indonesia (578.9 tons)
- Thailand (538.0 tons)
- Malaysia (149.5 tons)
- United Kingdom (98.1 tons)
- Bangladesh (63.9 tons)
- Australia (51.1 tons)
- China (45.5 tons)
- Philippines (38.9 tons)
- Saudi Arabia (38.1 tons)
- Iran (37.9 tons)
- Mexico (36.1 tons)
- Brunei Darussalam (19.3 tons)
- United States (5.1 tons)
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