Price for Tube or Pipe Flanges of Stainless Steel in Sri Lanka - 2022
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Sri Lanka (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Sri Lanka (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Sri Lanka
- Exports of Tube or Pipe Flanges of Stainless Steel in Sri Lanka
Price for Tube or Pipe Flanges of Stainless Steel in Sri Lanka (CIF) - 2022
The average import price for tube or pipe flanges of stainless steels stood at $6,823 per ton in 2022, surging by 24% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure at $8,647 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($23,195 per ton), while the price for Turkey ($2,893 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tube or Pipe Flanges of Stainless Steel in Sri Lanka (FOB) - 2022
In 2022, the average export price for tube or pipe flanges of stainless steels amounted to $12,868 per ton, shrinking by -13.4% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 -21.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $16,393 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($36,607 per ton), while the average price for exports to the United States ($11,128 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 Sweden (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Sri Lanka
In 2022, the amount of tube or pipe flanges of stainless steels imported into Sri Lanka fell dramatically to 87 tons, shrinking by -40.6% against 2021. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 62%. As a result, imports reached the peak of 146 tons, and then fell sharply in the following year.
In value terms, imports of tube or pipe flanges of stainless steels reduced remarkably to $593K in 2022. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $806K, and then reduced notably in the following year.
| Import of Tube or Pipe Flanges of Stainless Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 346 | 172 | 506 | 387 | 3.8% |
| India | 111 | 151 | 140 | 94.3 | -5.3% |
| Taiwan (Chinese) | 1.1 | 2.6 | 9.1 | 16.5 | 146.6% |
| Malaysia | 73.2 | 48.0 | 9.1 | 3.6 | -63.4% |
| Turkey | 2.0 | 10.7 | 4.7 | 2.3 | 4.8% |
| France | 57.3 | 0.4 | 0.4 | 0.6 | -78.1% |
| Others | 139 | 195 | 136 | 88.1 | -14.1% |
| Total | 731 | 579 | 806 | 593 | -6.7% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Sri Lanka in 2022:
- China (69.5 tons)
- India (9.7 tons)
- Taiwan (Chinese) (2.9 tons)
- Turkey (0.8 tons)
- Malaysia (0.4 tons)
- France (0.2 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Sri Lanka
In 2022, shipments abroad of tube or pipe flanges of stainless steels was finally on the rise to reach 1.5 tons after two years of decline. Overall, exports, however, faced a abrupt descent.
In value terms, exports of tube or pipe flanges of stainless steels surged to $19K in 2022. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of $32K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tube or Pipe Flanges of Stainless Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.7 | 16.8 | 7.0 | 13.7 | -6.4% |
| France | 0.1 | 0.5 | 0.3 | 1.4 | 141.0% |
| Canada | 1.5 | 3.2 | 0.7 | 1.3 | -4.7% |
| Sweden | 1.3 | 6.9 | 6.0 | 1.0 | -8.4% |
| Maldives | 1.0 | 2.1 | 1.0 | 0.9 | -3.5% |
| Others | 2.5 | 2.2 | 1.0 | 1.1 | -23.9% |
| Total | 23.0 | 31.8 | 15.8 | 19.5 | -5.4% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Sri Lanka in 2022:
- United States (1230.0 kg)
- Canada (114.0 kg)
- France (79.0 kg)
- Maldives (36.0 kg)
- Sweden (28.0 kg)
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