Price for Tube or Pipe Flanges of Stainless Steel in Italy - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Italy (FOB) - 2024
- Price for Tube or Pipe Flanges of Stainless Steel in Italy (CIF) - 2024
- Exports of Tube or Pipe Flanges of Stainless Steel in Italy
- Imports of Tube or Pipe Flanges of Stainless Steel in Italy
Price for Tube or Pipe Flanges of Stainless Steel in Italy (FOB) - 2024
In March 2024, the average export price for tube or pipe flanges of stainless steels amounted to $15,748 per ton, falling by -30.3% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2024 an increase of 53% against the previous month. The export price peaked at $25,886 per ton in August 2023; however, from September 2023 to March 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was Singapore ($42,824 per ton), while the average price for exports to Japan ($2,785 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Italy (CIF) - 2024
The average import price for tube or pipe flanges of stainless steels stood at $6,151 per ton in March 2024, surging by 25% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 33% m-o-m. As a result, import price reached the peak level of $8,183 per ton. From May 2023 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was India ($6,118 per ton), while the price for Indonesia ($3,761 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tube or Pipe Flanges of Stainless Steel in Italy
In 2022, shipments abroad of tube or pipe flanges of stainless steels increased by 8.4% to 15K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, exports of tube or pipe flanges of stainless steels surged to $196M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +40.4% against 2020 indices. 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.6 | 11.3 | 12.5 | 34.0 | 35.7% |
| Germany | 14.2 | 13.1 | 11.8 | 15.5 | 3.0% |
| Norway | 15.8 | 8.9 | 6.0 | 15.2 | -1.3% |
| Netherlands | 13.2 | 10.0 | 10.6 | 14.8 | 3.9% |
| China | 1.9 | 11.0 | 14.7 | 12.8 | 88.9% |
| France | 7.1 | 6.3 | 7.8 | 10.8 | 15.0% |
| United Kingdom | 12.3 | 9.4 | 8.6 | 9.5 | -8.2% |
| Spain | 4.5 | 5.2 | 4.6 | 7.7 | 19.6% |
| United Arab Emirates | 9.2 | 9.2 | 6.2 | 7.2 | -7.8% |
| Turkey | 1.6 | 1.1 | 2.0 | 6.0 | 55.4% |
| Saudi Arabia | 3.4 | 2.9 | 2.5 | 5.7 | 18.8% |
| Poland | 2.6 | 2.2 | 3.4 | 4.5 | 20.1% |
| Oman | 3.8 | 4.7 | 1.7 | 1.0 | -35.9% |
| Others | 39.4 | 44.0 | 46.9 | 50.9 | 8.9% |
| Total | 143 | 139 | 139 | 196 | 11.1% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Italy in 2022:
- United States (3.9K tons)
- Netherlands (1.2K tons)
- Germany (1.2K tons)
- France (0.7K tons)
- China (0.7K tons)
- Norway (0.7K tons)
- Saudi Arabia (0.6K tons)
- United Kingdom (0.6K tons)
- Turkey (0.5K tons)
- United Arab Emirates (0.5K tons)
- Spain (0.5K tons)
- Poland (0.4K tons)
- Oman (0.1K tons)
Imports of Tube or Pipe Flanges of Stainless Steel in Italy
Imports of tube or pipe flanges of stainless steels into Italy skyrocketed to 9.7K tons in 2022, with an increase of 22% compared with 2021. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed 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 soared to $66M 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 +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.4 | 16.7 | 19.1 | 32.6 | 11.7% |
| India | 8.8 | 10.4 | 12.2 | 15.7 | 21.3% |
| Indonesia | 5.0 | 2.9 | 4.5 | 5.9 | 5.7% |
| Germany | 3.6 | 3.4 | 2.8 | 3.0 | -5.9% |
| Netherlands | 0.8 | 2.1 | 1.3 | 1.9 | 33.4% |
| Spain | 1.2 | 0.8 | 1.0 | 1.2 | 0.0% |
| Others | 5.7 | 5.9 | 5.6 | 6.0 | 1.7% |
| Total | 48.5 | 42.3 | 46.5 | 66.3 | 11.0% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Italy in 2022:
- China (4.9K tons)
- India (2.4K tons)
- Indonesia (1.3K tons)
- Germany (0.2K tons)
- Spain (0.2K tons)
- Netherlands (0.1K tons)
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