Price for Tube or Pipe Flanges of Stainless Steel in Pakistan - 2023
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Pakistan (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Pakistan (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Pakistan
- Exports of Tube or Pipe Flanges of Stainless Steel in Pakistan
Price for Tube or Pipe Flanges of Stainless Steel in Pakistan (CIF) - 2022
The average import price for tube or pipe flanges of stainless steels stood at $707 per ton in 2022, falling by -23.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 52% against the previous year. The import price peaked at $920 per ton in 2021, and then fell significantly in the following year.
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 the United States ($1,469 per ton), while the price for the United Arab Emirates ($522 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Pakistan (FOB) - 2022
In 2022, the average export price for tube or pipe flanges of stainless steels amounted to $7,919 per ton, with an increase of 4.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 185% against the previous year. The export price peaked at $8,612 per ton in 2012; however, from 2013 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 Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +44.4% per year.
Imports of Tube or Pipe Flanges of Stainless Steel in Pakistan
In 2022, overseas purchases of tube or pipe flanges of stainless steels were finally on the rise to reach 2.2K tons after two years of decline. Overall, imports, however, recorded a abrupt setback.
In value terms, imports of tube or pipe flanges of stainless steels fell significantly to $1.5M in 2022. Over the period under review, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Tube or Pipe Flanges of Stainless Steel in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 912 | 1,567 | 1,249 | 990 | 2.8% |
United Arab Emirates | 39.2 | 6.6 | 58.4 | 116 | 43.6% |
South Korea | 107 | 72.8 | 145 | 104 | -0.9% |
Italy | 41.4 | 154 | 151 | 66.4 | 17.1% |
Canada | 3.6 | 0.5 | 36.0 | 35.7 | 114.8% |
Germany | 45.7 | 6.7 | 29.5 | 32.0 | -11.2% |
United States | 150 | 71.5 | 33.5 | 20.2 | -48.7% |
United Kingdom | 1.5 | 46.8 | 46.5 | 0.2 | -48.9% |
Others | 350 | 433 | 122 | 184 | -19.3% |
Total | 1,650 | 2,359 | 1,870 | 1,548 | -2.1% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Pakistan in 2022:
- China (1389.3 tons)
- United Arab Emirates (222.4 tons)
- South Korea (170.2 tons)
- Italy (94.5 tons)
- Germany (42.3 tons)
- Canada (38.9 tons)
- United States (13.8 tons)
- United Kingdom (0.5 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Pakistan
For the third year in a row, Pakistan recorded decline in shipments abroad of tube or pipe flanges of stainless steels, which decreased by -16.1% to 7.2 tons in 2022. Overall, exports recorded a dramatic decline. The smallest decline of -8.1% was in 2021.
In value terms, exports of tube or pipe flanges of stainless steels declined to $57K in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 134%. As a result, the exports attained the peak of $66K, and then shrank in the following year.
Export of Tube or Pipe Flanges of Stainless Steel in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | N/A | N/A | N/A | 57.2 | 0% |
Niger | N/A | 10.8 | N/A | N/A | 0% |
Germany | N/A | N/A | 35.6 | N/A | 0% |
France | N/A | 1.8 | 18.5 | N/A | 927.8% |
United Arab Emirates | 0.3 | N/A | 0.4 | N/A | 15.5% |
Angola | N/A | 0.1 | 1.5 | N/A | 1400.0% |
Saudi Arabia | 40.6 | 13.2 | 9.6 | N/A | -51.4% |
Others | 1.0 | 2.1 | N/A | 0.1 | -53.6% |
Total | 41.9 | 28.0 | 65.5 | 57.3 | 11.0% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Pakistan in 2022:
- Singapore (7.2 tons)
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