Price for Tube or Pipe Flanges of Stainless Steel in Iraq - 2022
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Iraq (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Iraq (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Iraq
- Exports of Tube or Pipe Flanges of Stainless Steel in Iraq
Price for Tube or Pipe Flanges of Stainless Steel in Iraq (CIF) - 2022
In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $10,856 per ton, increasing by 106% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($56,051 per ton), while the price for Iran ($2,073 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Iraq (FOB) - 2022
The average export price for tube or pipe flanges of stainless steels stood at $23,302 per ton in 2022, increasing by 64% against the previous year. In general, the export price showed prominent growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 98% against the previous year. The export price peaked at $23,667 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +5.2% per year.
Imports of Tube or Pipe Flanges of Stainless Steel in Iraq
In 2022, after two years of decline, there was significant growth in purchases abroad of tube or pipe flanges of stainless steels, when their volume increased by 14% to 324 tons. In general, imports, however, recorded a dramatic decline.
In value terms, imports of tube or pipe flanges of stainless steels skyrocketed to $3.5M in 2022. Overall, imports, however, showed a deep setback.
| Import of Tube or Pipe Flanges of Stainless Steel in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,280 | 465 | 194 | 734 | -16.9% |
| South Korea | 63.9 | 72.6 | 14.3 | 683 | 120.3% |
| China | 3,569 | 350 | 577 | 652 | -43.3% |
| Turkey | 440 | 372 | 173 | 616 | 11.9% |
| Italy | 291 | 216 | 135 | 411 | 12.2% |
| Canada | 77.6 | 118 | 70.7 | 94.8 | 6.9% |
| Iran | 67.8 | 93.4 | 50.7 | 57.0 | -5.6% |
| Saudi Arabia | N/A | 17.7 | 12.8 | N/A | -27.7% |
| Others | 746 | 711 | 266 | 270 | -28.7% |
| Total | 6,535 | 2,414 | 1,493 | 3,517 | -18.7% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Iraq in 2022:
- China (96.6 tons)
- Turkey (80.9 tons)
- United Arab Emirates (57.9 tons)
- Italy (29.9 tons)
- Iran (27.5 tons)
- South Korea (12.2 tons)
- Canada (5.5 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Iraq
In 2022, the amount of tube or pipe flanges of stainless steels exported from Iraq skyrocketed to 596 kg, picking up by 148% compared with 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 2,567% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe flanges of stainless steels skyrocketed to $14K in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,502% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Tube or Pipe Flanges of Stainless Steel in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 0.2 | 0.6 | 13.9 | 733.7% |
| United Arab Emirates | N/A | N/A | 2.9 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 0.2 | 3.4 | 13.9 | 733.7% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Iraq in 2022:
- Turkey (596.0 kg)
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