Price for Tube or Pipe Flanges of Stainless Steel in India - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in India (FOB) - 2024
- Price for Tube or Pipe Flanges of Stainless Steel in India (CIF) - 2022
- Exports of Tube or Pipe Flanges of Stainless Steel in India
- Imports of Tube or Pipe Flanges of Stainless Steel in India
Price for Tube or Pipe Flanges of Stainless Steel in India (FOB) - 2024
In April 2024, the average export price for tube or pipe flanges of stainless steels amounted to $5,457 per ton, falling by -9.5% against the previous month. In general, the export price showed a slight contraction. The growth pace was the most rapid in June 2023 an increase of 61% m-o-m. The export price peaked at $6,481 per ton in April 2023; however, from May 2023 to April 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In April 2024, the country with the highest price was Saudi Arabia ($9,706 per ton), while the average price for exports to Turkey ($4,383 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.4%), while the prices for the other major destinations experienced a decline.
Price for Tube or Pipe Flanges of Stainless Steel in India (CIF) - 2022
In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $5,893 per ton, waning by -1.6% against the previous year. In general, the import price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. The import price peaked at $6,115 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Germany ($28,064 per ton), while the price for the United Arab Emirates ($2,911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Flanges of Stainless Steel in India
Exports of tube or pipe flanges of stainless steels from India rose modestly to 38K tons in 2022, picking up by 1.6% on 2021. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of tube or pipe flanges of stainless steels skyrocketed to $257M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Tube or Pipe Flanges of Stainless Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 63.0 | 23.4 | 23.1 | 64.8 | 0.9% |
| Netherlands | 23.9 | 21.8 | 34.9 | 44.0 | 22.6% |
| Germany | 15.4 | 16.0 | 21.2 | 26.9 | 20.4% |
| Belgium | 14.6 | 10.2 | 20.4 | 18.1 | 7.4% |
| Canada | 13.1 | 6.3 | 12.1 | 14.1 | 2.5% |
| Italy | 5.0 | 6.4 | 9.7 | 12.0 | 33.9% |
| United Arab Emirates | 7.8 | 6.9 | 6.3 | 10.1 | 9.0% |
| France | 6.1 | 3.6 | 7.2 | 7.8 | 8.5% |
| United Kingdom | 7.5 | 3.3 | 6.9 | 7.0 | -2.3% |
| South Korea | 7.3 | 5.5 | 6.8 | 6.0 | -6.3% |
| Spain | 3.8 | 2.6 | 3.4 | 4.0 | 1.7% |
| Poland | 1.9 | 1.7 | 1.8 | 3.8 | 26.0% |
| Turkey | 3.4 | 2.7 | 3.7 | 3.1 | -3.0% |
| Others | 30.4 | 22.4 | 32.7 | 35.7 | 5.5% |
| Total | 203 | 133 | 190 | 257 | 8.2% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from India in 2022:
- United States (8.6K tons)
- Netherlands (7.2K tons)
- Germany (3.8K tons)
- Belgium (2.7K tons)
- Canada (2.3K tons)
- Italy (2.1K tons)
- United Arab Emirates (1.3K tons)
- France (1.3K tons)
- United Kingdom (1.0K tons)
- South Korea (0.9K tons)
- Spain (0.7K tons)
- Turkey (0.6K tons)
- Poland (0.6K tons)
Imports of Tube or Pipe Flanges of Stainless Steel in India
For the fourth year in a row, India recorded growth in purchases abroad of tube or pipe flanges of stainless steels, which increased by 26% to 3.3K tons in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 +59.6% against 2019 indices. 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 $19M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Flanges of Stainless Steel in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 4.6 | 4.9 | 5.4 | 12.4% |
| Italy | 1.5 | 1.3 | 2.0 | 1.9 | 8.2% |
| South Korea | 1.2 | 1.4 | 1.1 | 1.5 | 7.7% |
| Saudi Arabia | 0.1 | 0.1 | 0.3 | 1.4 | 141.0% |
| United Arab Emirates | 0.7 | 0.1 | 1.4 | 1.1 | 16.3% |
| United States | 0.6 | 0.7 | 0.4 | 1.0 | 18.6% |
| Singapore | 0.3 | 0.3 | 0.6 | 0.8 | 38.7% |
| Others | 3.9 | 4.6 | 4.7 | 6.4 | 18.0% |
| Total | 12.2 | 13.1 | 15.6 | 19.3 | 16.5% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to India in 2022:
- China (942.3 tons)
- Saudi Arabia (402.8 tons)
- United Arab Emirates (365.3 tons)
- South Korea (296.3 tons)
- United States (249.8 tons)
- Singapore (198.3 tons)
- Italy (164.6 tons)
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