Price for Tube or Pipe Flanges of Stainless Steel in Australia - 2024

Contents:

  1. Price for Tube or Pipe Flanges of Stainless Steel in Australia (CIF) - 2022
  2. Price for Tube or Pipe Flanges of Stainless Steel in Australia (FOB) - 2022
  3. Imports of Tube or Pipe Flanges of Stainless Steel in Australia
  4. Exports of Tube or Pipe Flanges of Stainless Steel in Australia

Price for Tube or Pipe Flanges of Stainless Steel in Australia (CIF) - 2022

In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $13,134 per ton, growing by 13% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 flanges of stainless steels increased by +35.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 37%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($13,134 per ton) and the United States ($13,134 per ton), while the price for Italy ($13,134 per ton) and the UK ($13,134 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tube or Pipe Flanges of Stainless Steel in Australia (FOB) - 2022

The average export price for tube or pipe flanges of stainless steels stood at $4,209 per ton in 2022, shrinking by -4.2% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,845 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($20,960 per ton), while the average price for exports to Papua New Guinea ($2,955 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 Vietnam (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tube or Pipe Flanges of Stainless Steel in Australia

In 2022, imports of tube or pipe flanges of stainless steels into Australia rose rapidly to 1.7K tons, with an increase of 11% on the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, 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, imports of tube or pipe flanges of stainless steels surged to $22M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +54.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tube or Pipe Flanges of Stainless Steel in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.09.412.416.317.7%
India0.60.71.11.122.4%
Italy0.61.00.60.914.5%
United Kingdom0.40.20.60.826.0%
Germany0.80.80.40.5-14.5%
United States0.50.40.40.4-7.2%
Singapore0.50.10.40.2-26.3%
Others2.31.81.82.0-4.6%
Total15.714.417.722.212.2%

Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Australia in 2022:

  1. China (1243.2 tons)
  2. India (86.2 tons)
  3. Italy (65.1 tons)
  4. United Kingdom (61.9 tons)
  5. Germany (39.9 tons)
  6. United States (29.1 tons)
  7. Singapore (16.5 tons)

Exports of Tube or Pipe Flanges of Stainless Steel in Australia

In 2022, after three years of growth, there was significant decline in shipments abroad of tube or pipe flanges of stainless steels, when their volume decreased by -13.6% to 259 tons. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of 300 tons, and then shrank in the following year.

In value terms, exports of tube or pipe flanges of stainless steels declined notably to $1.1M in 2022. Overall, 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 years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Tube or Pipe Flanges of Stainless Steel in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Papua New Guinea33340528649013.7%
New Caledonia56.039216419952.6%
New Zealand18058.6567168-2.3%
Indonesia14.558.828.649.951.0%
Netherlands0.20.235.20.20.0%
United Kingdom15.92167.2N/A-32.7%
Others264188229184-11.3%
Total8631,3181,3171,0918.1%

Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Australia in 2022:

  1. Papua New Guinea (165.8 tons)
  2. New Zealand (44.6 tons)
  3. New Caledonia (23.4 tons)
  4. Indonesia (9.9 tons)
  5. Netherlands (0.1 tons)

Source: IndexBox Market Intelligence Platform

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