Price for Tube or Pipe Flanges of Stainless Steel in Singapore - 2023
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Singapore (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Singapore (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Singapore
- Exports of Tube or Pipe Flanges of Stainless Steel in Singapore
Price for Tube or Pipe Flanges of Stainless Steel in Singapore (CIF) - 2022
The average import price for tube or pipe flanges of stainless steels stood at $12,670 per ton in 2022, growing by 20% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is likely to continue 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 the United States ($91,410 per ton), while the price for Spain ($2,587 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 (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Singapore (FOB) - 2022
In 2022, the average export price for tube or pipe flanges of stainless steels amounted to $7,582 per ton, surging by 8.2% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($37,205 per ton), while the average price for exports to India ($3,323 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 China (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Singapore
In 2022, purchases abroad of tube or pipe flanges of stainless steels decreased by -5.8% to 2.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 23%. As a result, imports reached the peak of 4.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tube or pipe flanges of stainless steels rose sharply to $31M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.1 | 6.1 | 5.8 | 7.9 | 24.4% |
| China | 4.8 | 5.6 | 6.6 | 7.1 | 13.9% |
| United States | 1.7 | 3.8 | 3.3 | 4.2 | 35.2% |
| India | 4.7 | 2.3 | 2.2 | 2.4 | -20.1% |
| Taiwan (Chinese) | 0.7 | 0.6 | 1.5 | 1.8 | 37.0% |
| Malaysia | 2.7 | 1.8 | 1.5 | 1.4 | -19.7% |
| South Korea | 3.4 | 1.3 | 1.7 | 1.4 | -25.6% |
| Indonesia | 0.8 | 1.1 | 0.3 | 1.2 | 14.5% |
| Germany | 1.2 | 1.1 | 1.1 | 0.7 | -16.4% |
| Brazil | N/A | 0.1 | 0.6 | 0.6 | 144.9% |
| Belgium | 0.1 | 1.7 | 0.3 | 0.5 | 71.0% |
| Vietnam | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Spain | 0.3 | 0.3 | 0.3 | 0.1 | -30.7% |
| Others | 2.4 | 3.7 | 1.8 | 1.2 | -20.6% |
| Total | 27.1 | 29.8 | 27.2 | 30.8 | 4.4% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Singapore in 2022:
- China (916.4 tons)
- Italy (351.1 tons)
- India (196.1 tons)
- Indonesia (193.4 tons)
- South Korea (170.9 tons)
- Malaysia (167.5 tons)
- Germany (72.7 tons)
- Vietnam (48.0 tons)
- Taiwan (Chinese) (47.2 tons)
- Brazil (46.0 tons)
- United States (46.0 tons)
- Spain (44.6 tons)
- Belgium (43.5 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Singapore
In 2022, shipments abroad of tube or pipe flanges of stainless steels was finally on the rise to reach 2.4K tons after two years of decline. In general, exports, however, saw a abrupt contraction.
In value terms, exports of tube or pipe flanges of stainless steels soared to $18M in 2022. Overall, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.9 | 8.9 | 4.3 | 8.9 | 22.0% |
| Malaysia | 4.1 | 2.9 | 2.4 | 2.8 | -11.9% |
| China | 0.5 | 1.1 | 0.3 | 1.2 | 33.9% |
| Thailand | 0.3 | 0.2 | 1.0 | 1.1 | 54.2% |
| Australia | 0.9 | 0.2 | 0.4 | 0.5 | -17.8% |
| Japan | 0.8 | 0.2 | 0.3 | 0.5 | -14.5% |
| Brunei Darussalam | 1.7 | 0.3 | 0.2 | 0.4 | -38.3% |
| India | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Others | 3.8 | 1.9 | 1.8 | 2.6 | -11.9% |
| Total | 17.1 | 16.0 | 10.6 | 18.2 | 2.1% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Singapore in 2022:
- Indonesia (1181.2 tons)
- Malaysia (709.3 tons)
- Thailand (94.6 tons)
- India (79.3 tons)
- Australia (44.7 tons)
- Japan (37.3 tons)
- China (31.3 tons)
- Brunei Darussalam (28.5 tons)
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