Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $2,474 per ton, reducing by -16.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54%. As a result, import price reached the peak level of $3,162 per ton. From 2021 to 2022, the average import prices remained 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 France ($7,379 per ton), while the price for China ($2,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), 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 Sri Lanka (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $9,360 per ton, growing by 204% against the previous year. In general, the export price recorded resilient growth. Over the period under review, the average export prices hit record highs at $13,344 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($63,172 per ton), while the average price for exports to Maldives ($3,000 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 the Philippines (+30.6%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka
In 2022, imports of tube or pipe butt welding fittings, other than stainless steels into Sri Lanka dropped remarkably to 188 tons, with a decrease of -28.5% compared with 2021. Overall, imports recorded a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels contracted notably to $465K in 2022. In general, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 65%.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 875 | 263 | 616 | 328 | -27.9% |
| Netherlands | 3.5 | 27.5 | 43.1 | 33.2 | 111.7% |
| India | 13.9 | 12.6 | 29.2 | 28.5 | 27.0% |
| Thailand | 0.6 | 0.7 | 7.6 | 11.9 | 170.7% |
| Singapore | 3.3 | 26.8 | 21.0 | 2.3 | -11.3% |
| Others | 36.5 | 142 | 61.0 | 60.7 | 18.5% |
| Total | 932 | 472 | 778 | 465 | -20.7% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Sri Lanka in 2022:
- China (158.6 tons)
- India (11.4 tons)
- Netherlands (9.3 tons)
- Thailand (3.7 tons)
- Singapore (0.8 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of tube or pipe butt welding fittings, other than stainless steels, when their volume decreased by -94.6% to 1.1 tons. In general, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 117% against the previous year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels dropped notably to $9.9K in 2022. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 123% against the previous year. As a result, the exports attained the peak of $60K, and then contracted notably in the following year.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 7.5 | 0% |
| Bangladesh | N/A | N/A | N/A | 1.8 | 0% |
| Philippines | 11.6 | 5.5 | 22.8 | 0.1 | -79.5% |
| United States | N/A | 21.0 | N/A | N/A | 0% |
| India | 2.8 | 0.3 | 2.2 | N/A | -11.4% |
| Oman | N/A | N/A | 34.4 | N/A | 0% |
| Maldives | 3.8 | 0.3 | 0.9 | N/A | -51.3% |
| Others | N/A | N/A | N/A | 0.4 | 0% |
| Total | 18.1 | 27.1 | 60.2 | 9.9 | -18.2% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Sri Lanka in 2022:
- Denmark (1014.0 kg)
- Bangladesh (29.0 kg)
- Philippines (3.0 kg)
- India (3.0 kg)
- Maldives (1.0 kg)
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