Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States (CIF) - 2024
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States (CIF) - 2024
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $3,894 per ton in April 2024, approximately reflecting the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 16% m-o-m. As a result, import price reached the peak level of $4,432 per ton. From July 2023 to April 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($11,261 per ton), while the price for Malaysia ($1,818 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Canada (+3.5%), 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 States (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $13,520 per ton in 2022, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2021 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($28,437 per ton), while the average price for exports to Panama ($6,434 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 South Korea (+14.1%), 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 States
In 2022, purchases abroad of tube or pipe butt welding fittings, other than stainless steels increased by 78% to 69K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep slump.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels soared to $225M in 2022. Overall, imports, however, saw a drastic downturn.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 80.9 | 26.9 | 18.4 | 57.2 | -10.9% |
| Italy | 87.7 | 31.6 | 24.4 | 49.7 | -17.2% |
| Malaysia | 20.2 | 15.4 | 19.2 | 35.2 | 20.3% |
| Canada | 11.6 | 11.9 | 11.1 | 13.8 | 6.0% |
| Taiwan (Chinese) | 8.8 | 3.2 | 3.3 | 12.9 | 13.6% |
| Mexico | 6.9 | 1.6 | 2.8 | 11.3 | 17.9% |
| Austria | 15.7 | 10.3 | 3.7 | 10.0 | -14.0% |
| Thailand | 18.6 | 9.1 | 4.8 | 9.4 | -20.3% |
| India | 6.0 | 2.7 | 3.2 | 6.5 | 2.7% |
| China | 8.0 | 2.6 | 3.2 | 4.3 | -18.7% |
| Vietnam | 12.6 | 4.3 | 1.4 | 3.2 | -36.7% |
| France | 8.6 | 1.9 | 0.5 | 2.9 | -30.4% |
| Others | 22.1 | 14.7 | 10.1 | 8.2 | -28.1% |
| Total | 308 | 136 | 106 | 225 | -9.9% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to the United States in 2022:
- South Korea (16.9K tons)
- Malaysia (16.8K tons)
- Italy (11.1K tons)
- Mexico (4.3K tons)
- Thailand (4.2K tons)
- Taiwan (Chinese) (4.1K tons)
- India (2.5K tons)
- Austria (2.5K tons)
- Canada (1.6K tons)
- Vietnam (1.4K tons)
- France (1.3K tons)
- China (1.2K tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States
In 2022, shipments abroad of tube or pipe butt welding fittings, other than stainless steels increased by 32% to 4.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt setback.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $64M in 2022. Over the period under review, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 17.5 | 18.5 | 13.6 | 20.8 | 5.9% |
| Mexico | 15.0 | 13.1 | 9.9 | 20.4 | 10.8% |
| United Kingdom | 1.2 | 0.8 | 0.9 | 2.7 | 31.0% |
| Turkey | N/A | N/A | 0.1 | 2.3 | 2200.0% |
| Dominican Republic | 0.2 | 0.1 | 0.2 | 2.1 | 119.0% |
| United Arab Emirates | 1.2 | 0.9 | 0.8 | 1.9 | 16.6% |
| Trinidad and Tobago | 1.7 | 1.0 | 1.4 | 1.4 | -6.3% |
| Qatar | N/A | 0.7 | N/A | 1.1 | 25.4% |
| Colombia | 1.6 | 1.6 | 1.4 | 0.7 | -24.1% |
| Argentina | 1.8 | 0.3 | 0.3 | 0.7 | -27.0% |
| Peru | 0.9 | 0.3 | 0.8 | 0.6 | -12.6% |
| Saudi Arabia | 2.7 | 3.9 | 1.5 | 0.5 | -43.0% |
| Panama | 0.7 | N/A | N/A | 0.5 | -10.6% |
| Others | 13.3 | 7.5 | 11.4 | 8.4 | -14.2% |
| Total | 57.8 | 48.7 | 42.4 | 63.9 | 3.4% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from the United States in 2022:
- Mexico (1709.9 tons)
- Canada (1499.4 tons)
- Dominican Republic (158.0 tons)
- Turkey (157.0 tons)
- United Kingdom (138.4 tons)
- United Arab Emirates (88.1 tons)
- Peru (78.2 tons)
- Panama (76.9 tons)
- Qatar (72.4 tons)
- Argentina (71.7 tons)
- Trinidad and Tobago (67.2 tons)
- Colombia (43.9 tons)
- Saudi Arabia (27.9 tons)
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