Price for Tube or Pipe Flanges of Stainless Steel in Malaysia - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Malaysia (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Malaysia (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Malaysia
- Exports of Tube or Pipe Flanges of Stainless Steel in Malaysia
Price for Tube or Pipe Flanges of Stainless Steel in Malaysia (CIF) - 2022
The average import price for tube or pipe flanges of stainless steels stood at $5,861 per ton in 2022, jumping by 23% against the previous year. Over the period under review, the import price saw a slight increase. The growth pace was the most rapid in 2018 an increase of 59% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
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 South Korea ($7,995 per ton), while the price for Thailand ($1,866 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Malaysia (FOB) - 2022
In 2022, the average export price for tube or pipe flanges of stainless steels amounted to $4,393 per ton, falling by -10.2% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 45% against the previous year. The export price peaked at $12,721 per ton in 2012; however, from 2013 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 Australia ($10,356 per ton), while the average price for exports to India ($2,698 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 Egypt (+12.8%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Flanges of Stainless Steel in Malaysia
In 2022, imports of tube or pipe flanges of stainless steels into Malaysia expanded sharply to 4.3K tons, growing by 9.8% compared with the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year.
In value terms, imports of tube or pipe flanges of stainless steels soared to $25M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | 6.0 | 9.2 | 13.4 | 20.8% |
| South Korea | 4.6 | 3.6 | 3.2 | 3.6 | -7.8% |
| Japan | 0.3 | 0.2 | 0.2 | 2.7 | 108.0% |
| Italy | 2.1 | 1.9 | 1.7 | 1.4 | -12.6% |
| Indonesia | 0.6 | 0.2 | 0.8 | 1.0 | 18.6% |
| Singapore | 1.9 | 3.6 | 1.5 | 0.8 | -25.0% |
| India | 0.3 | 0.6 | 0.6 | 0.8 | 38.7% |
| United States | 2.6 | 0.7 | 0.7 | 0.3 | -51.3% |
| Others | 2.3 | 1.4 | 0.9 | 1.3 | -17.3% |
| Total | 22.2 | 18.3 | 18.8 | 25.3 | 4.5% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Malaysia in 2022:
- China (2368.6 tons)
- Japan (567.8 tons)
- South Korea (445.6 tons)
- Indonesia (197.4 tons)
- Italy (188.5 tons)
- Singapore (122.0 tons)
- India (106.2 tons)
- United States (49.9 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Malaysia
Exports of tube or pipe flanges of stainless steels from Malaysia shrank dramatically to 1K tons in 2022, waning by -15.4% compared with the year before. Over the period under review, exports saw a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 14%.
In value terms, exports of tube or pipe flanges of stainless steels shrank notably to $4.4M in 2022. Overall, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 1.7%.
| Export of Tube or Pipe Flanges of Stainless Steel in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,321 | 1,326 | 1,793 | 1,622 | -11.3% |
| Indonesia | 960 | 551 | 487 | 1,294 | 10.5% |
| South Korea | N/A | 13.1 | N/A | 310 | 386.5% |
| Brunei Darussalam | 190 | 409 | 1,021 | 275 | 13.1% |
| Thailand | 376 | 150 | 166 | 233 | -14.7% |
| Australia | 535 | 285 | 198 | 170 | -31.8% |
| China | 150 | 38.8 | 276 | 87.0 | -16.6% |
| United Arab Emirates | 316 | 305 | 139 | 65.1 | -40.9% |
| Norway | 1,036 | 568 | N/A | 41.5 | -65.8% |
| United States | 576 | 593 | 159 | 39.8 | -59.0% |
| Netherlands | N/A | 207 | 919 | 21.5 | -67.8% |
| India | 1,162 | 490 | 342 | 13.5 | -77.4% |
| Kuwait | 138 | N/A | N/A | N/A | 0% |
| Others | 1,168 | 810 | 338 | 263 | -39.2% |
| Total | 8,925 | 5,744 | 5,839 | 4,436 | -20.8% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Malaysia in 2022:
- Indonesia (369.9 tons)
- Singapore (342.9 tons)
- Brunei Darussalam (80.7 tons)
- Thailand (55.5 tons)
- South Korea (36.6 tons)
- China (20.9 tons)
- Australia (16.4 tons)
- United Arab Emirates (13.8 tons)
- United States (11.0 tons)
- India (5.0 tons)
- Netherlands (4.8 tons)
- Norway (4.5 tons)
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