Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey (FOB) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $3,058 per ton in 2022, with an increase of 2.1% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16%. The export price peaked at $3,854 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($5,274 per ton), while the average price for exports to Denmark ($2,131 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 Iran (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings, other than stainless steels amounted to $5,687 per ton, growing by 47% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe butt welding fittings, other than stainless steels increased by +79.3% against 2020 indices. Over the period under review, average import prices hit record highs at $6,529 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($14,841 per ton), while the price for Iran ($1,676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey
In 2022, exports of tube or pipe butt welding fittings, other than stainless steels from Turkey contracted modestly to 11K tons, falling by -2.5% on the year before. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of 11K tons, and then reduced in the following year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels dropped modestly to $32M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. As a result, the exports attained the peak of $33M, leveling off in the following year.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.2 | 2.1 | 1.8 | 5.3 | 64.1% |
| Spain | 2.3 | 2.0 | 3.7 | 5.0 | 29.5% |
| Iran | 0.6 | 1.3 | 2.0 | 3.0 | 71.0% |
| Italy | 1.4 | 1.2 | 1.8 | 2.7 | 24.5% |
| Azerbaijan | 0.2 | 0.1 | 0.1 | 1.7 | 104.1% |
| France | 1.1 | 1.6 | 1.5 | 1.6 | 13.3% |
| United Kingdom | 0.4 | 0.4 | 0.7 | 1.6 | 58.7% |
| United States | N/A | N/A | 0.6 | 1.3 | 116.7% |
| Iraq | 0.5 | 0.3 | 1.2 | 1.1 | 30.1% |
| Romania | 9.0 | 3.9 | 0.6 | 0.7 | -57.3% |
| Germany | 0.5 | 0.3 | 0.6 | 0.7 | 11.9% |
| Bulgaria | 0.4 | 0.6 | 1.0 | 0.6 | 14.5% |
| Denmark | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
| Others | 8.0 | 6.1 | 16.7 | 6.6 | -6.2% |
| Total | 25.7 | 19.9 | 32.6 | 32.5 | 8.1% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Turkey in 2022:
- Spain (1985.9 tons)
- Russia (1579.5 tons)
- Iran (1101.0 tons)
- Italy (1069.3 tons)
- United Kingdom (592.4 tons)
- France (522.4 tons)
- United States (482.8 tons)
- Azerbaijan (320.1 tons)
- Romania (311.9 tons)
- Germany (252.7 tons)
- Iraq (216.1 tons)
- Denmark (195.9 tons)
- Bulgaria (184.7 tons)
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey
In 2022, purchases abroad of tube or pipe butt welding fittings, other than stainless steels decreased by -18.5% to 3.7K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of 4.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels skyrocketed to $21M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.4 | 1.5 | 4.6 | 5.9 | 35.0% |
| Germany | 2.6 | 3.0 | 3.1 | 3.1 | 6.0% |
| South Korea | 1.9 | 0.7 | 0.4 | 2.9 | 15.1% |
| Malaysia | 1.1 | 1.7 | 1.5 | 1.8 | 17.8% |
| China | 2.0 | 1.5 | 3.5 | 1.5 | -9.1% |
| Taiwan (Chinese) | 1.8 | 2.2 | 0.4 | 1.2 | -12.6% |
| Netherlands | 0.1 | 0.1 | 0.3 | 0.6 | 81.7% |
| Romania | 0.3 | 0.7 | 1.1 | 0.2 | -12.6% |
| Others | 2.6 | 3.1 | 2.6 | 3.6 | 11.5% |
| Total | 14.8 | 14.5 | 17.4 | 20.8 | 12.0% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Turkey in 2022:
- Italy (962.0 tons)
- Malaysia (648.8 tons)
- South Korea (546.0 tons)
- Taiwan (Chinese) (421.2 tons)
- China (402.0 tons)
- Germany (211.2 tons)
- Netherlands (68.5 tons)
- Romania (31.8 tons)
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