Price for Brass Tubes and Pipes in Saudi Arabia - 2021
Contents:
- Price for Brass Tubes and Pipes in Saudi Arabia (CIF) - 2022
- Price for Brass Tubes and Pipes in Saudi Arabia (FOB) - 2022
- Imports of Brass Tubes and Pipes in Saudi Arabia
- Exports of Brass Tubes and Pipes in Saudi Arabia
Price for Brass Tubes and Pipes in Saudi Arabia (CIF) - 2022
The average brass tubes and pipes import price stood at $8,560 per ton in 2021, surging by 32% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $9,207 per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($8,894 per ton), while the price for South Korea ($5,973 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Brass Tubes and Pipes in Saudi Arabia (FOB) - 2022
In 2022, the average brass tubes and pipes export price amounted to $8,031 per ton, approximately mirroring the previous year. Overall, the export price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 136% against the previous year. As a result, the export price attained the peak level of $11,818 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
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 China ($21,091 per ton), while the average price for exports to Qatar amounted to $8,028 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.7%).
Imports of Brass Tubes and Pipes in Saudi Arabia
In 2021, the amount of tubes and pipes of copper-zinc base alloys (brass) imported into Saudi Arabia soared to 984 tons, picking up by 16% compared with the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, brass tubes and pipes imports surged to $8.4M in 2021. Overall, total imports indicated buoyant growth from 2019 to 2021: its value increased at an average annual rate of +12.2% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Brass Tubes and Pipes in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 5.1 | 4.1 | 6.0 | 8.5% | |
| Malaysia | N/A | 0.9 | 1.3 | 44.4% | |
| South Korea | N/A | N/A | 0.7 | 0% | |
| United Kingdom | 0.4 | N/A | N/A | 0% | |
| United States | 0.3 | N/A | N/A | 0% | |
| Others | 0.8 | 0.6 | 0.4 | -29.3% | |
| Total | 6.7 | 5.5 | 8.4 | 12.0% | |
Top Suppliers of Brass Tubes and Pipes to Saudi Arabia in 2022:
- China (692.2 tons)
- Malaysia (149.2 tons)
- South Korea (117.0 tons)
Exports of Brass Tubes and Pipes in Saudi Arabia
In 2022, shipments abroad of tubes and pipes of copper-zinc base alloys (brass) decreased by 0% to 56 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 243%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, brass tubes and pipes exports stood at $448K in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 479%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Brass Tubes and Pipes in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Qatar | N/A | 448 | 0% | ||
| United Arab Emirates | 13.5 | N/A | 0% | ||
| Bahrain | 51.3 | N/A | 0% | ||
| Others | -64.8 | 0.2 | -100.3% | ||
| Total | N/A | 448 | 0% | ||
Top Export Markets for Brass Tubes and Pipes from Saudi Arabia in 2022:
- Qatar (55.8 tons)
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