Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $2,722 per ton, surging by 13% 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 2018 an increase of 25% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($8,869 per ton), while the price for China ($2,260 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.4%), 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 South Africa (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $5,866 per ton in 2022, surging by 6.8% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tube or pipe butt welding fittings, other than stainless steels increased by +53.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,885 per ton in 2013; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Madagascar ($13,034 per ton), while the average price for exports to Lesotho ($2,661 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 Zambia (+3.0%), 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 South Africa
Imports of tube or pipe butt welding fittings, other than stainless steels into South Africa skyrocketed to 3.2K tons in 2022, growing by 16% on 2021. In general, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels surged to $8.8M in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 2.3 | 4.2 | 6.6 | 14.5% |
| Thailand | 0.8 | 0.4 | 0.3 | 0.6 | -9.1% |
| Italy | 1.0 | 0.6 | 0.8 | 0.5 | -20.6% |
| Germany | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Others | 0.6 | 0.7 | 1.1 | 0.9 | 14.5% |
| Total | 6.9 | 4.1 | 6.7 | 8.8 | 8.4% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to South Africa in 2022:
- China (2912.7 tons)
- Thailand (133.7 tons)
- Germany (54.4 tons)
- Italy (51.9 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa
In 2022, shipments abroad of tube or pipe butt welding fittings, other than stainless steels increased by 47% to 208 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt downturn.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $1.2M in 2022. In general, exports, however, saw a relatively flat trend pattern.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 348 | 288 | 454 | 342 | -0.6% |
| Madagascar | 4.3 | 0.3 | 0.2 | 180 | 247.2% |
| Democratic Republic of the Congo | 119 | 89.8 | 51.5 | 145 | 6.8% |
| Zimbabwe | 183 | 78.5 | 63.1 | 114 | -14.6% |
| Namibia | 209 | 38.0 | 62.1 | 87.4 | -25.2% |
| Botswana | 13.8 | 28.2 | 21.5 | 61.9 | 64.9% |
| Swaziland | 63.2 | 35.9 | 38.6 | 43.1 | -12.0% |
| Lesotho | 1.8 | 9.0 | 7.2 | 34.6 | 167.9% |
| Mozambique | 23.4 | 160 | 42.3 | 17.7 | -8.9% |
| Others | 271 | 137 | 36.0 | 194 | -10.5% |
| Total | 1,237 | 865 | 776 | 1,219 | -0.5% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from South Africa in 2022:
- Zambia (60.2 tons)
- Zimbabwe (39.1 tons)
- Democratic Republic of the Congo (20.2 tons)
- Namibia (19.5 tons)
- Botswana (14.0 tons)
- Madagascar (13.8 tons)
- Lesotho (13.0 tons)
- Swaziland (7.0 tons)
- Mozambique (3.3 tons)
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