Price for Tube or Pipe Flanges of Stainless Steel in Japan - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Japan (CIF) - 2024
- Price for Tube or Pipe Flanges of Stainless Steel in Japan (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Japan
- Exports of Tube or Pipe Flanges of Stainless Steel in Japan
Price for Tube or Pipe Flanges of Stainless Steel in Japan (CIF) - 2024
The average import price for tube or pipe flanges of stainless steels stood at $5,904 per ton in May 2024, reducing by -3.7% against the previous month. In general, the import price showed a pronounced slump. The growth pace was the most rapid in February 2024 an increase of 11% month-to-month. Over the period under review, average import prices hit record highs at $8,341 per ton in May 2023; however, from June 2023 to May 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($12,278 per ton), while the price for China stood at $5,414 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by China (-2.1%).
Price for Tube or Pipe Flanges of Stainless Steel in Japan (FOB) - 2022
The average export price for tube or pipe flanges of stainless steels stood at $18,185 per ton in 2022, with an increase of 8.4% against the previous year. Overall, export price indicated a moderate expansion 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. Based on 2022 figures, export price for tube or pipe flanges of stainless steels decreased by -10.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 52%. The export price peaked at $20,323 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($103,729 per ton), while the average price for exports to Mexico ($8,086 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 the UK (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Japan
Imports of tube or pipe flanges of stainless steels into Japan contracted modestly to 14K tons in 2022, approximately reflecting the year before. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports attained the peak of 14K tons, and then fell slightly in the following year.
In value terms, imports of tube or pipe flanges of stainless steels soared to $105M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +52.4% against 2020 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 Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 70.1 | 59.5 | 74.9 | 92.2 | 9.6% |
| South Korea | 4.8 | 3.9 | 3.2 | 3.4 | -10.9% |
| Others | 7.1 | 5.7 | 7.2 | 9.8 | 11.3% |
| Total | 81.9 | 69.2 | 85.4 | 105 | 8.6% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Japan in 2022:
- China (13.5K tons)
- South Korea (0.2K tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Japan
In 2022, overseas shipments of tube or pipe flanges of stainless steels decreased by -14.4% to 800 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.5% 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 +58.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. As a result, the exports attained the peak of 934 tons, and then contracted in the following year.
In value terms, exports of tube or pipe flanges of stainless steels dropped to $15M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $16M, and then reduced in the following year.
| Export of Tube or Pipe Flanges of Stainless Steel in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 3.9 | 4.8 | 5.3 | 22.3% |
| United States | 1.4 | 2.9 | 5.8 | 3.7 | 38.3% |
| Indonesia | 0.5 | 0.2 | 0.1 | 0.6 | 6.3% |
| Vietnam | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| Germany | 0.4 | 0.3 | 0.6 | 0.5 | 7.7% |
| Turkey | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Thailand | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Philippines | 0.3 | 0.7 | 0.3 | 0.2 | -12.6% |
| Russia | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 2.7 | 2.9 | 2.7 | 2.8 | 1.2% |
| Total | 9.7 | 12.2 | 15.7 | 14.5 | 14.3% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Japan in 2022:
- China (294.2 tons)
- United States (272.9 tons)
- Vietnam (58.6 tons)
- Indonesia (35.4 tons)
- Thailand (27.5 tons)
- Germany (24.7 tons)
- Turkey (17.8 tons)
- Philippines (10.9 tons)
- Russia (1.8 tons)
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