Price for Tube or Pipe Flanges of Stainless Steel in Saudi Arabia - 2022
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Saudi Arabia (FOB) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Saudi Arabia (CIF) - 2022
- Exports of Tube or Pipe Flanges of Stainless Steel in Saudi Arabia
- Imports of Tube or Pipe Flanges of Stainless Steel in Saudi Arabia
Price for Tube or Pipe Flanges of Stainless Steel in Saudi Arabia (FOB) - 2022
The average export price for tube or pipe flanges of stainless steels stood at $4,452 per ton in 2021, surging by 52% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tube or pipe flanges of stainless steels increased by +87.9% against 2019 indices. Over the period under review, the average export prices hit record highs at $4,500 per ton in 2015; afterwards, it flattened through to 2021.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($4,555 per ton), while the average price for exports to Somalia ($84 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+65.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Saudi Arabia (CIF) - 2022
The average import price for tube or pipe flanges of stainless steels stood at $8,369 per ton in 2021, dropping by -1.6% against the previous year. In general, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 38%. As a result, import price attained the peak level of $8,509 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($33,317 per ton), while the price for China ($4,140 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tube or Pipe Flanges of Stainless Steel in Saudi Arabia
In 2022, the amount of tube or pipe flanges of stainless steels exported from Saudi Arabia surged to 712 tons, growing by 517% on the previous year's figure. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe flanges of stainless steels soared to $2.8M in 2022. In general, exports posted a significant increase. 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 Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Bahrain | 46.6 | 105 | 185 | 99.2% |
| United Arab Emirates | 6.8 | 1,033 | 134 | 343.9% |
| India | N/A | 4.1 | 45.7 | 1014.6% |
| Iraq | N/A | 10.7 | 15.5 | 44.9% |
| Qatar | N/A | N/A | 14.6 | 0% |
| Somalia | N/A | N/A | 0.4 | 0% |
| Indonesia | N/A | 38.7 | N/A | 0% |
| Sudan | 25.4 | N/A | N/A | 0% |
| Others | 147 | -1,026.5 | 119 | -10.0% |
| Total | 226 | 164 | 513 | 50.7% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Saudi Arabia in 2022:
- United Arab Emirates (110.5 tons)
- Bahrain (53.2 tons)
- Iraq (36.0 tons)
- India (32.3 tons)
- Qatar (16.0 tons)
- Somalia (5.0 tons)
Imports of Tube or Pipe Flanges of Stainless Steel in Saudi Arabia
In 2021, imports of tube or pipe flanges of stainless steels into Saudi Arabia fell to 3.5K tons, reducing by -14% compared with the previous year. Over the period under review, imports showed a significant contraction.
In value terms, imports of tube or pipe flanges of stainless steels shrank significantly to $29M in 2021. Overall, imports showed a abrupt decline.
| Import of Tube or Pipe Flanges of Stainless Steel in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Italy | 10.6 | 9.4 | 10.8 | 0.9% |
| United States | 8.3 | 11.5 | 5.7 | -17.1% |
| Germany | 2.1 | 0.8 | 3.1 | 21.5% |
| China | 3.5 | 1.7 | 1.9 | -26.3% |
| Spain | 0.6 | 2.2 | 1.7 | 68.3% |
| India | 3.6 | 2.1 | 1.1 | -44.7% |
| South Korea | 5.1 | 0.5 | 0.7 | -63.0% |
| Thailand | 0.7 | 0.9 | N/A | 28.6% |
| Others | 6.4 | 5.1 | 3.9 | -21.9% |
| Total | 40.8 | 34.2 | 28.9 | -15.8% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Saudi Arabia in 2022:
- Italy (1767.9 tons)
- China (458.2 tons)
- Spain (318.9 tons)
- India (202.9 tons)
- United States (170.5 tons)
- Germany (149.7 tons)
- South Korea (91.2 tons)
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