Saudi Arabia - Tube Or Pipe Fittings (Of Iron Or Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron or Steel Tube Fitting in Saudi Arabia - 2021
Contents:
- Price for Iron or Steel Tube Fitting in Saudi Arabia (CIF) - 2022
- Price for Iron or Steel Tube Fitting in Saudi Arabia (FOB) - 2022
- Imports of Iron or Steel Tube Fitting in Saudi Arabia
- Exports of Iron or Steel Tube Fitting in Saudi Arabia
Price for Iron or Steel Tube Fitting in Saudi Arabia (CIF) - 2022
The average import price for tube or pipe fittings (of iron or steel) stood at $6,747 per ton in 2022, shrinking by -5.2% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel tube fitting import price increased by +73.2% against 2016 indices. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, average import prices reached the maximum at $7,116 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($23,026 per ton), while the price for the United Arab Emirates ($3,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Tube Fitting in Saudi Arabia (FOB) - 2022
In 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $4,156 per ton, shrinking by -16.5% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71%. Over the period under review, the average export prices reached the maximum at $4,978 per ton in 2021, and then fell dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($12,573 per ton), while the average price for exports to Kuwait ($1,900 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 Bahrain (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Tube Fitting in Saudi Arabia
In 2022, approx. 62K tons of tube or pipe fittings (of iron or steel) were imported into Saudi Arabia; with a decrease of -25.5% compared with 2021. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of 83K tons, and then fell significantly in the following year.
In value terms, iron or steel tube fitting imports dropped significantly to $418M in 2022. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $592M, and then reduced dramatically in the following year.
| Import of Iron or Steel Tube Fitting in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 82.4 | 93.9 | 108 | 79.8 | -1.1% |
| China | 58.1 | 48.1 | 75.9 | 57.5 | -0.3% |
| United States | 80.2 | 57.4 | 45.3 | 48.2 | -15.6% |
| Romania | 5.8 | 17.7 | 45.1 | 36.0 | 83.8% |
| South Korea | 47.9 | 31.9 | 35.1 | 34.5 | -10.4% |
| Spain | 4.5 | 23.7 | 25.3 | 20.4 | 65.5% |
| France | 13.9 | 10.9 | 21.3 | 18.4 | 9.8% |
| India | 30.4 | 17.2 | 22.6 | 16.7 | -18.1% |
| Japan | 17.4 | 7.4 | 13.2 | 15.9 | -3.0% |
| United Arab Emirates | 10.8 | 7.9 | 11.2 | 8.6 | -7.3% |
| Turkey | 6.8 | 5.5 | 13.5 | 7.0 | 1.0% |
| Argentina | 13.0 | 6.0 | 1.2 | 6.3 | -21.5% |
| Thailand | 10.4 | 11.6 | 11.5 | 5.3 | -20.1% |
| Others | 117 | 120 | 163 | 63.4 | -18.5% |
| Total | 499 | 459 | 592 | 418 | -5.7% |
Top Suppliers of Iron or Steel Tube Fitting to Saudi Arabia in 2022:
- China (14.6K tons)
- Italy (14.3K tons)
- South Korea (5.6K tons)
- India (4.2K tons)
- Spain (3.8K tons)
- Romania (2.6K tons)
- United Arab Emirates (2.4K tons)
- United States (2.1K tons)
- Turkey (1.6K tons)
- France (1.4K tons)
- Thailand (1.4K tons)
- Japan (1.1K tons)
- Argentina (1.0K tons)
Exports of Iron or Steel Tube Fitting in Saudi Arabia
After two years of decline, shipments abroad of tube or pipe fittings (of iron or steel) increased by 44% to 6.5K tons in 2022. Overall, exports, however, faced a dramatic decline.
In value terms, iron or steel tube fitting exports skyrocketed to $27M in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline.
| Export of Iron or Steel Tube Fitting in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.7 | 12.8 | 7.0 | 9.1 | 35.0% |
| Kuwait | 20.7 | 4.0 | 4.9 | 5.5 | -35.7% |
| Oman | 6.0 | 4.5 | 4.5 | 5.4 | -3.5% |
| Bahrain | 2.3 | 2.2 | 1.2 | 2.0 | -4.6% |
| Austria | 2.7 | 2.0 | 0.7 | 1.7 | -14.3% |
| Egypt | 1.0 | 0.2 | 0.2 | 0.9 | -3.5% |
| Iraq | 0.1 | 0.1 | 0.8 | 0.6 | 81.7% |
| Others | 4.6 | 5.5 | 3.0 | 1.8 | -26.9% |
| Total | 41.1 | 31.4 | 22.4 | 26.9 | -13.2% |
Top Export Markets for Iron or Steel Tube Fitting from Saudi Arabia in 2022:
- Kuwait (2869.9 tons)
- United Arab Emirates (1815.8 tons)
- Austria (441.2 tons)
- Oman (427.0 tons)
- Bahrain (224.9 tons)
- Egypt (199.7 tons)
- Iraq (131.7 tons)
This report provides an in-depth analysis of the market for iron or steel tube fitting in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24204010 - Flanges, of steel (excluding cast fittings)
- Prodcom 24204030 - Elbows, bends, couplings, sleeves and other threaded tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204050 - Elbows, bends, couplings and sleeves and other socket welding tube or pipe fittings, of steel (excluding cast fittings)
- Prodcom 24204073 - Butt welding elbows and bends, for tubes or pipes, of steel (excluding cast fittings)
- Prodcom 24204075 - Butt welding tube or pipe fittings, other than elbows and bends, of steel (excluding cast fittings)
- Prodcom 24513030 - Tube or pipe fittings, of non-malleable cast iron
- Prodcom 24513050 - Tube or pipe fittings of malleable cast iron
- Prodcom 24523000 - Tube or pipe fittings of cast steel
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
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Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
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In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
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Discover the top import markets for iron or steel tube fittings and key statistics in this comprehensive article. Find out which countries lead the industry and their import values. Explore opportunities for exporters in the global market.
3785
Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
1386
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1024
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
1216
In 2014, the U.S. (X%), and distantly Canada (X%), Germany (X%) and Japan (X%) were the leading destinations of steel tube fittings imports, together making up X% of global imports in physical terms. The share of the U.S. increased, while t
