Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $4,257 per ton, with an increase of 28% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $5,069 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9,273 per ton), while the price for China ($3,535 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.0%), 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 the United Arab Emirates (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $5,198 per ton in 2022, with an increase of 73% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +102.2% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($17,286 per ton), while the average price for exports to Pakistan ($684 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 Benin (+55.2%), 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 the United Arab Emirates
In 2022, after two years of decline, there was significant growth in overseas purchases of tube or pipe butt welding fittings, other than stainless steels, when their volume increased by 6.2% to 17K tons. Overall, imports, however, showed a deep slump.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $72M in 2022. In general, imports, however, showed a slight shrinkage.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.1 | 22.8 | 27.3 | 33.9 | 1.8% |
| South Korea | 21.3 | 15.5 | 11.0 | 19.7 | -2.6% |
| Italy | 8.8 | 7.9 | 5.8 | 6.6 | -9.1% |
| Thailand | 3.2 | 1.7 | 1.6 | 4.2 | 9.5% |
| India | 0.7 | 0.6 | 0.7 | 1.5 | 28.9% |
| Saudi Arabia | 1.5 | 2.5 | 1.9 | N/A | 12.5% |
| Others | 8.5 | 5.0 | 4.6 | 6.0 | -11.0% |
| Total | 76.0 | 56.0 | 52.9 | 72.0 | -1.8% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to the United Arab Emirates in 2022:
- China (9.6K tons)
- South Korea (4.4K tons)
- Italy (1.1K tons)
- Thailand (0.9K tons)
- India (0.4K tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates
For the third year in a row, the United Arab Emirates recorded decline in shipments abroad of tube or pipe butt welding fittings, other than stainless steels, which decreased by -52.5% to 1.8K tons in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The smallest decline of -13.6% was in 2021.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels shrank notably to $9.1M in 2022. Overall, exports showed a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 0.8% against the previous year.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 10.8 | 6.5 | 4.8 | 6.9 | -13.9% |
| Niger | N/A | N/A | N/A | 0.9 | 0% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Uzbekistan | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | 0.8 | 0.1 | 0.1 | 0.2 | -37.0% |
| Benin | N/A | N/A | N/A | 0.2 | 0% |
| Kuwait | 2.8 | 0.1 | N/A | N/A | -96.4% |
| Egypt | 0.8 | N/A | N/A | N/A | 0% |
| Iran | 2.4 | 3.4 | 5.6 | N/A | 52.8% |
| Pakistan | N/A | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.9 | 0.6 | 0.5 | -20.6% |
| Total | 18.6 | 11.0 | 11.1 | 9.1 | -21.2% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from the United Arab Emirates in 2022:
- Oman (1441.2 tons)
- United States (59.5 tons)
- Niger (51.0 tons)
- Benin (36.1 tons)
- Pakistan (30.3 tons)
- Uzbekistan (27.3 tons)
- United Kingdom (25.3 tons)
- Egypt (14.7 tons)
- Kuwait (6.3 tons)
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