Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $5,459 per ton in 2022, picking up by 44% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +29.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($41,651 per ton), while the price for Taiwan (Chinese) ($1,491 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+36.8%), 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 Venezuela (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $12,000 per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2016 an increase of 193%. Over the period under review, the average export prices reached the peak figure at $12,097 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($226,000 per ton), while the average price for exports to Mexico ($1,000 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 Colombia (+83.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela
In 2022, approx. 63 tons of tube or pipe butt welding fittings, other than stainless steels were imported into Venezuela; shrinking by -15.7% against the previous year's figure. Over the period under review, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 182% against the previous year. As a result, imports reached the peak of 75 tons, and then dropped markedly in the following year.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels soared to $345K in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 195% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 116 | 44.6 | 139 | 189 | 17.7% |
| Taiwan (Chinese) | 26.4 | 9.8 | 29.6 | 38.6 | 13.5% |
| Thailand | 22.2 | 8.1 | 24.0 | 30.7 | 11.4% |
| Mexico | 13.3 | 5.1 | 16.1 | 21.7 | 17.7% |
| China | 8.5 | 2.3 | 9.5 | 14.7 | 20.0% |
| United States | 65.5 | 14.4 | 25.5 | 13.4 | -41.1% |
| Panama | 10.8 | 3.0 | 6.9 | 6.7 | -14.7% |
| Others | 27.9 | 8.9 | 32.3 | 30.3 | 2.8% |
| Total | 290 | 96.2 | 283 | 345 | 6.0% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Venezuela in 2022:
- Taiwan (Chinese) (25.9 tons)
- India (19.2 tons)
- China (6.9 tons)
- Mexico (3.8 tons)
- Panama (2.5 tons)
- Thailand (1.8 tons)
- United States (1.5 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela
In 2022, exports of tube or pipe butt welding fittings, other than stainless steels from Venezuela fell rapidly to 25 kg, shrinking by -19.4% compared with the year before. Over the period under review, exports saw a dramatic slump.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels declined significantly to $300 in 2022. Overall, exports showed a dramatic shrinkage. The smallest decline of -19.7% was in 2021.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 2,538 | 340 | 272 | 226 | -55.3% |
| Canada | 921 | 119 | 102 | 73.0 | -57.0% |
| Mexico | 11.0 | 1.0 | 1.0 | 1.0 | -55.0% |
| Others | N/A | 7.0 | N/A | N/A | 0% |
| Total | 3,470 | 467 | 375 | 300 | -55.8% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Venezuela in 2022:
- Canada (23.0 kg)
- Panama (1.0 kg)
- Mexico (1.0 kg)
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