Price for Tube or Pipe Flanges of Stainless Steel in China - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in China (FOB) - 2024
- Price for Tube or Pipe Flanges of Stainless Steel in China (CIF) - 2024
- Exports of Tube or Pipe Flanges of Stainless Steel in China
- Imports of Tube or Pipe Flanges of Stainless Steel in China
Price for Tube or Pipe Flanges of Stainless Steel in China (FOB) - 2024
The average export price for tube or pipe flanges of stainless steels stood at $5,113 per ton in May 2024, reducing by -1.8% against the previous month. Overall, the export price continues to indicate a pronounced slump. The pace of growth was the most pronounced in February 2024 an increase of 10% against the previous month. Over the period under review, the average export prices hit record highs at $6,610 per ton in May 2023; however, from June 2023 to May 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was Brazil ($7,687 per ton), while the average price for exports to Vietnam ($2,958 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.5%), while the prices for the other major destinations experienced a decline.
Price for Tube or Pipe Flanges of Stainless Steel in China (CIF) - 2024
The average import price for tube or pipe flanges of stainless steels stood at $60,787 per ton in May 2024, rising by 73% against the previous month. Overall, import price indicated a noticeable increase from May 2023 to May 2024: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2024 figures, import price for tube or pipe flanges of stainless steels decreased by -15.1% against March 2024 indices. The import price peaked at $72,991 per ton in October 2023; however, from November 2023 to May 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was the United States ($294K per ton), while the price for Spain ($4,785 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Flanges of Stainless Steel in China
Exports of tube or pipe flanges of stainless steels from China reached 65K tons in 2022, with an increase of 2.7% compared with 2021. Overall, exports, however, saw a slight slump.
In value terms, exports of tube or pipe flanges of stainless steels skyrocketed to $449M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Flanges of Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 65.3 | 55.7 | 68.9 | 81.1 | 7.5% |
| South Korea | 60.5 | 48.8 | 45.5 | 68.2 | 4.1% |
| Germany | 43.1 | 33.6 | 40.0 | 43.1 | 0.0% |
| Taiwan (Chinese) | 12.7 | 13.7 | 20.6 | 20.4 | 17.1% |
| Australia | 11.2 | 9.9 | 12.5 | 16.5 | 13.8% |
| Russia | 15.4 | 9.6 | 13.5 | 16.2 | 1.7% |
| Italy | 15.6 | 10.8 | 12.6 | 14.2 | -3.1% |
| Malaysia | 7.5 | 6.7 | 8.6 | 11.3 | 14.6% |
| Netherlands | 12.8 | 11.0 | 11.4 | 10.9 | -5.2% |
| Indonesia | 2.7 | 3.3 | 4.0 | 10.1 | 55.2% |
| Brazil | 3.7 | 3.8 | 4.1 | 9.6 | 37.4% |
| Mexico | 5.1 | 9.7 | 9.6 | 9.0 | 20.8% |
| Vietnam | 5.3 | 5.4 | 5.4 | 7.5 | 12.3% |
| Others | 109 | 99.6 | 111 | 131 | 6.3% |
| Total | 370 | 322 | 368 | 449 | 6.7% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from China in 2022:
- Japan (13.0K tons)
- South Korea (10.9K tons)
- Germany (5.4K tons)
- Taiwan (Chinese) (3.7K tons)
- Russia (2.7K tons)
- Australia (2.2K tons)
- Italy (2.1K tons)
- Malaysia (1.8K tons)
- Indonesia (1.4K tons)
- Brazil (1.3K tons)
- Mexico (1.3K tons)
- Netherlands (1.3K tons)
- Vietnam (1.3K tons)
Imports of Tube or Pipe Flanges of Stainless Steel in China
In 2022, purchases abroad of tube or pipe flanges of stainless steels decreased by -42.4% to 2.2K tons, falling for the second year in a row after two years of growth. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 9.2% against the previous year. As a result, imports attained the peak of 3.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tube or pipe flanges of stainless steels contracted notably to $64M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year.
| Import of Tube or Pipe Flanges of Stainless Steel in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.1 | 15.2 | 21.4 | 17.1 | 49.7% |
| Germany | 17.7 | 15.1 | 17.7 | 11.1 | -14.4% |
| Japan | 6.6 | 9.7 | 10.4 | 8.4 | 8.4% |
| United States | 8.8 | 4.6 | 6.7 | 7.8 | -3.9% |
| Taiwan (Chinese) | 1.6 | 2.2 | 2.6 | 2.9 | 21.9% |
| South Korea | 13.7 | 8.8 | 6.0 | 2.2 | -45.6% |
| India | 1.3 | 2.4 | 2.6 | 2.1 | 17.3% |
| Others | 9.0 | 15.1 | 16.0 | 12.5 | 11.6% |
| Total | 63.9 | 73.1 | 83.3 | 64.1 | 0.1% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to China in 2022:
- Italy (897.2 tons)
- Germany (389.3 tons)
- Japan (383.7 tons)
- India (112.9 tons)
- South Korea (68.7 tons)
- Taiwan (Chinese) (60.7 tons)
- United States (44.5 tons)
756
This report provides an in-depth analysis of the market for iron or steel tube fitting in China.
322
This report provides an in-depth analysis of the market for cast steel pipe fittings in China.
313
This report provides an in-depth analysis of the market for malleable cast iron pipe fittings in China.
287
This report provides an in-depth analysis of the market for non-malleable cast iron pipe fittings in China.
1356
This report provides an in-depth analysis of the global market for iron or steel tube fitting.
476
Global Cast Steel Pipe Fittings Market Report 2018. This report provides an in-depth analysis of the global market for cast steel pipe fittings.
450
Global Market for Malleable Cast Iron Pipe Fittings. This report provides an in-depth analysis of the global market for malleable cast iron pipe fittings.
463
This report provides an in-depth analysis of the global market for non-malleable cast iron pipe fittings.
756
This report provides an in-depth analysis of the market for iron or steel tube fitting in China.
322
This report provides an in-depth analysis of the market for cast steel pipe fittings in China.
241
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.
3855
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
1482
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...
1179
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...
1294
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
241
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.
3855
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
1482
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...
1179
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...
1294
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
