Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand (FOB) - 2024
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand (CIF) - 2024
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand (FOB) - 2024
In May 2024, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $3,381 per ton, rising by 2.9% against the previous month. Over the period under review, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in November 2023 when the average export price increased by 8.6% m-o-m. Over the period under review, the average export prices hit record highs at $3,952 per ton in May 2023; however, from June 2023 to May 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In May 2024, the country with the highest price was Singapore ($4,552 per ton), while the average price for exports to Japan ($2,970 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand (CIF) - 2024
In May 2024, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $2,062 per ton, which is down by -35.1% against the previous month. In general, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in October 2023 an increase of 39% month-to-month. As a result, import price attained the peak level of $3,743 per ton. From November 2023 to May 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($13,521 per ton), while the price for China stood at $1,704 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by South Korea (-1.3%).
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand
In 2022, shipments abroad of tube or pipe butt welding fittings, other than stainless steels was finally on the rise to reach 18K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $60M in 2022. Over the period under review, exports, however, showed a deep slump.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 25.4 | 22.1 | 20.5 | 30.8 | 6.6% |
| United States | 15.6 | 8.2 | 5.4 | 8.6 | -18.0% |
| Canada | 6.4 | 2.9 | 2.0 | 6.8 | 2.0% |
| United Arab Emirates | 3.2 | 1.7 | 1.6 | 4.1 | 8.6% |
| Singapore | 1.9 | 1.3 | 1.3 | 1.4 | -9.7% |
| Indonesia | 11.5 | 6.8 | 6.1 | 0.9 | -57.2% |
| Iraq | N/A | N/A | N/A | 0.6 | 0% |
| Others | 8.6 | 5.0 | 3.9 | 6.9 | -7.1% |
| Total | 72.7 | 47.9 | 40.8 | 60.1 | -6.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Thailand in 2022:
- Japan (8.9K tons)
- United States (4.1K tons)
- Canada (1.8K tons)
- United Arab Emirates (0.9K tons)
- Singapore (0.3K tons)
- Iraq (0.3K tons)
- Indonesia (0.1K tons)
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand
In 2022, the amount of tube or pipe butt welding fittings, other than stainless steels imported into Thailand soared to 6.6K tons, jumping by 23% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $24M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 7.6 | 7.6 | 12.6 | 21.6% |
| South Korea | 6.9 | 3.5 | 2.4 | 5.2 | -9.0% |
| Japan | 1.4 | 2.3 | 3.2 | 1.6 | 4.6% |
| Italy | 1.1 | 1.5 | 1.8 | 1.1 | 0.0% |
| Others | 4.9 | 7.5 | 2.7 | 3.7 | -8.9% |
| Total | 21.3 | 22.4 | 17.7 | 24.3 | 4.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Thailand in 2022:
- China (5.5K tons)
- South Korea (0.7K tons)
- Japan (0.1K tons)
- Italy (0.1K tons)
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