Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam - 2022
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam (FOB) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam (CIF) - 2022
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam (FOB) - 2022
In 2022, the average export price for tube or pipe butt welding fittings, other than stainless steels amounted to $5,319 per ton, increasing by 4.2% against the previous year. Overall, the export price saw a measured increase. The most prominent rate of growth was recorded in 2015 an increase of 64%. The export price peaked at $6,472 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($5,319 per ton) and Italy ($5,319 per ton), while the average price for exports to South Korea ($5,319 per ton) and Canada ($5,319 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.9%), 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 Vietnam (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $5,001 per ton in 2022, growing by 57% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 +60.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($5,001 per ton) and Italy ($5,001 per ton), while the price for China ($5,001 per ton) and South Korea ($5,001 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.5%), 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 Vietnam
In 2022, exports of tube or pipe butt welding fittings, other than stainless steels from Vietnam soared to 4.9K tons, picking up by 32% compared with the previous year. Over the period under review, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels soared to $26M in 2022. Overall, exports, however, saw a pronounced shrinkage.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.6 | 6.4 | 6.3 | 8.5 | -0.4% |
| United States | 12.4 | 3.7 | 1.8 | 4.6 | -28.1% |
| Italy | 0.8 | 0.8 | 3.4 | 3.9 | 69.6% |
| Spain | 3.0 | 2.2 | 1.1 | 3.0 | 0.0% |
| Canada | 0.6 | 0.8 | 0.6 | 2.0 | 49.4% |
| Denmark | N/A | N/A | 0.2 | 1.7 | 750.0% |
| United Kingdom | 2.8 | 1.7 | 0.6 | 0.7 | -37.0% |
| South Korea | 0.7 | 0.8 | 0.4 | 0.6 | -5.0% |
| Taiwan (Chinese) | N/A | N/A | 4.0 | N/A | 0% |
| Others | 0.5 | 0.6 | 0.4 | 0.9 | 21.6% |
| Total | 29.4 | 17.1 | 18.8 | 26.0 | -4.0% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Vietnam in 2022:
- Japan (1601.2 tons)
- United States (873.2 tons)
- Italy (732.4 tons)
- Spain (572.4 tons)
- Canada (367.6 tons)
- Denmark (315.4 tons)
- United Kingdom (125.7 tons)
- South Korea (119.8 tons)
- Taiwan (Chinese) (0.1 tons)
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam
In 2022, supplies from abroad of tube or pipe butt welding fittings, other than stainless steels decreased by -36.7% to 3.9K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. As a result, imports reached the peak of 8.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels reduced modestly to $19M in 2022. In general, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.9% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 58% against the previous year. As a result, imports reached the peak of $28M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 8.2 | 11.6 | 12.3 | 5.4% |
| South Korea | 6.3 | 18.1 | 5.9 | 6.2 | -0.5% |
| Italy | 0.3 | 1.1 | 1.1 | 0.2 | -12.6% |
| Others | 0.9 | 0.9 | 0.8 | 0.6 | -12.6% |
| Total | 17.9 | 28.3 | 19.4 | 19.3 | 2.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Vietnam in 2022:
- China (2465.9 tons)
- South Korea (1244.1 tons)
- Italy (33.1 tons)
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